What is a bursary?
A bursary is a monetary award that is granted on the basis of financial need. Like scholarships, bursaries are awards that do not have to be repaid. However bursaries are different from scholarships because they are awarded based on financial need rather than academic achievement. The intention of the undergraduate bursary program is to supplement, not replace, students’ primary sources of funding such as OSAP, government student financial assistance from another province or loan funding from a financial institution.