Canada Millennium Scholarship Foundation

Canada Millennium Scholarship Foundation

March 20, 2008 14:41 ET

Canada Millennium Scholarship Foundation Distributes $120 Million in Bursaries

MONTREAL, QUEBEC--(Marketwire - March 20, 2008) - The Canada Millennium Scholarship Foundation is pleased to announce the distribution of 35,000 bursaries, valued at approximately $120 million, to students in 10 provinces and one territory.

"These bursaries represent a significant proportion of the $340 million distributed annually to Canadian students to improve their access to post-secondary education," said executive director and chief executive officer Mr. Norman Riddell. "As the largest distributor of non-repayable need-based aid in the country, the Foundation is proud to deliver its financial support in partnership with the provinces and territories."




The new bursaries will be distributed as follows:

-----------------------------------------------------------------
Millennium Bursaries
-----------------------------------------------------------------
Province/territory Number of bursaries Total value
-----------------------------------------------------------------
Alberta 613 $1,666,500
-----------------------------------------------------------------
New Brunswick 2,618 $6,814,500
-----------------------------------------------------------------
Newfoundland and
Labrador 1,995 $4,888,500
-----------------------------------------------------------------
Prince Edward
Island 355 $1,284,952
-----------------------------------------------------------------
Quebec 22,080 $79,965,000
-----------------------------------------------------------------
Saskatchewan 2,851 $9,174,500
-----------------------------------------------------------------
Yukon 1 $3,000
-----------------------------------------------------------------
Total 30,513 $103,796,952
-----------------------------------------------------------------



-----------------------------------------------------------------
Millennium Access Bursaries
-----------------------------------------------------------------
Province/territory Number of bursaries Total value
-----------------------------------------------------------------
British Columbia 100 $300,000
-----------------------------------------------------------------
Manitoba 24 $32,850
-----------------------------------------------------------------
New Brunswick 506 $1,741,850
-----------------------------------------------------------------
Newfoundland and
Labrador 586 $717,000
-----------------------------------------------------------------
Nova Scotia 115 $168,000
-----------------------------------------------------------------
Prince Edward Island 98 $176,400
-----------------------------------------------------------------
Quebec 3,787 $12,998,500
-----------------------------------------------------------------
Saskatchewan 43 $154,000
-----------------------------------------------------------------
Other bursaries
-----------------------------------------------------------------
Foundations for
Success (ON) 2 $1,500
-----------------------------------------------------------------
Total 5,261 $16,290,100
-----------------------------------------------------------------


Today's announcement follows an earlier distribution of nearly $160 million in bursaries last November.

Millennium bursaries are awarded to students with the highest levels of financial need and, according to the agreement in place with each province, either reduce the recipient's student debt or cover their unmet need. Millennium access bursaries are targeted at students from groups that are under-represented in post-secondary education and come in addition to all other forms of provincial and federal student financial assistance that they receive.

The Canada Millennium Scholarship Foundation is a private, independent organization created by an act of Parliament in 1998, with a mandate to deliver bursaries and scholarships to Canadian post-secondary students until the end of 2009. The Foundation encourages students to strive for excellence and to pursue their post-secondary studies. To date, it has awarded more than 900,000 bursaries and scholarships, worth some $2.6 billion, to Canadian post-secondary students.

Contact Information

  • Jaime Frederick
    Communications Advisor
    514-284-7240