Canada Millennium Scholarship Foundation

Canada Millennium Scholarship Foundation

March 20, 2007 15:14 ET

Canada Millennium Scholarship Foundation Distributes $125 Million in Bursaries

MONTREAL, QUEBEC--(CCNMatthews - March 20, 2007) - The Canada Millennium Scholarship Foundation is pleased to announce the distribution of 44,000 bursaries, valued at approximately $125 million, to students in eight provinces and one territory.

"Our Foundation invests approximately $350 million each year to improve access to post-secondary education for all Canadians," said executive director and chief executive officer Mr. Norman Riddell.

The new bursaries will be distributed in the following provinces:



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Millennium Bursaries
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Province/territory Number of bursaries Total value
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Alberta 705 $1,863,750
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Prince Edward Island 361 $1,295,965
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New Brunswick 2,536 $6,886,500
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Quebec 31,592 $88,187,000
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Saskatchewan 2,830 $9,146,000
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Newfoundland and Labrador 1,817 $4,599,500
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Yukon 2 $6,000
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Total 39,843 $111,984,715
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Millennium Access Bursaries
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Province/territory Number of bursaries Total value
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British Columbia 95 $285,000
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Prince Edward Island 153 $153,000
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Manitoba 19 $26,000
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Nova Scotia 114 $161,500
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Quebec 3,331 $11,002,000
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Saskatchewan 70 140,000
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Other bursaries
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LE,NONET (British Columbia) 6 $19,653
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Total 4,406 $12,624,875
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Today's announcement follows an earlier distribution of $140 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. It encourages Canadian students to strive for excellence and pursue their post-secondary studies. The Foundation distributes $350 million in the form of bursaries and scholarships each year throughout Canada. Since its inception, it has awarded approximately 800,000 bursaries and scholarships, worth $2.3 billion, to Canadian post-secondary students.

Contact Information

  • Canada Millennium Scholarship Foundation
    Robert Hamel
    Communications Advisor
    514-284-7299