Canada Millennium Scholarship Foundation

Canada Millennium Scholarship Foundation

December 12, 2006 10:00 ET

Canada Millennium Scholarship Foundation Distributes $145 Million in Bursaries

MONTREAL, QUEBEC--(CCNMatthews - Dec. 12, 2006) - The Canada Millennium Scholarship Foundation is pleased to announce the distribution of 53,000 bursaries, with an average value of $2,750, to students in several regions of the country. The total value of the awards, which include half of the millennium bursaries distributed annually by the Foundation, is $145 million.

"The Foundation's mandate is to improve access to post-secondary education for all Canadians," said executive director and chief executive officer, Mr. Norman Riddell. "To this end, we distribute $350 million in bursaries to students across the country each year."

The bursaries announced today will be distributed as follows:



---------------------------------------------------------------------
Province/territory Number of bursaries Value of bursaries
---------------------------------------------------------------------
---------------------------------------------------------------------
Millennium Bursaries
---------------------------------------------------------------------
Ontario 37,377 $112,131,000
---------------------------------------------------------------------
Alberta 10,191 $26,881,500
---------------------------------------------------------------------
Northwest Territories 102 $306,000
---------------------------------------------------------------------
Yukon 87 $261,000
---------------------------------------------------------------------
---------------------------------------------------------------------
Millennium Access Bursaries
---------------------------------------------------------------------
Alberta 3,926 $3,863,000
---------------------------------------------------------------------
Nova Scotia 140 $220,000
---------------------------------------------------------------------
Nunavut 150 $45,000
---------------------------------------------------------------------
Saskatchewan 621 $1,242,000
---------------------------------------------------------------------
Yukon 15 $66,000
---------------------------------------------------------------------


Millennium bursaries either reduce the recipient's student debt or address their unmet need, according to the agreement in place with each provincial or territorial government. These agreements also determine when the bursaries are distributed. The remaining millennium bursaries are distributed throughout the year to students in every Canadian province and territory.

Millennium access bursaries are targeted at students from groups that are traditionally under-represented in post-secondary education, including First Nations, Inuit and Metis; students from low-income families; and others whose parents have no history of post-secondary education.

In addition to these bursaries, the Foundation distributes two other scholarships: excellence awards are distributed on the basis of merit, while World Petroleum Council Millennium Scholarships are awarded to students who specialize in studies related to the petroleum industry.

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 750,000 bursaries and scholarships, worth $2.2 billion, to Canadian post-secondary students.

Contact Information

  • Canada Millennium Scholarship Foundation
    Robert Hamel
    Communications Advisor
    514-284-7299
    rhamel@bm-ms.org