There are a limited number of Bursaries for exchange students. All applicants wishing to apply for a Bursary should complete the application form which can be found online on the Student Awards website and submit to the Student Awards Office by the published deadline. Successful applicants will then be considered by the Student Awards Office for financial assistance. The cost of living in each exchange destination is factored into the selection process so even if you do not normally qualify for bursaries in Canada, you may qualify for an exchange bursary where the cost of living in your host country may be higher.
As full-time students, exchange students are eligible for OSAP and other government loans. For students receiving OSAP loans, a Confirmation of Enrollment form should be completed. For OSAP and all other student loans, a Power of Attorney should be arranged before leaving the country. Students should consult the Student Awards website for more information about this process.
Students can hold renewable entrance awards while on the exchange program. On their return, an official record of their academic performance must be submitted to the Student Awards Office to enable the committee to evaluate their performance for renewal of their scholarship for the following year. After the completion of their exchange year, students are also eligible to apply for the Dean's Special Scholarships for Student Returning from Exchange. Details can be obtained from the Student Awards Office.