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The Canada Millennium Scholarship Foundation was created to grant awards to students who are in financial need and demonstrate merit. The Foundation's administrative goal was to begin assigning the awards from its main program early in the year 2000.
In the administration of its...
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The Canada Millennium Scholarship Foundation was created to grant awards to students who are in financial need and demonstrate merit. The Foundation's administrative goal was to begin assigning the awards from its main program early in the year 2000.
In the administration of its programs, the Foundation has three guiding principles:
to focus on assisting Canadian students who demonstrate financial need and academic merit;
to avoid duplication of existing financial aid programs and costly repetition of administrative procedures;
to ensure fairness and equity in the delivery of its programs and resources.
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The Canada Millennium Scholarship Foundation helps Canadians to meet the challenges of a rapidly changing economy and society by creating opportunities for them to pursue their post-secondary education. The Foundation administers three separate programs.
The Foundation's Millennium...
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The Canada Millennium Scholarship Foundation helps Canadians to meet the challenges of a rapidly changing economy and society by creating opportunities for them to pursue their post-secondary education. The Foundation administers three separate programs.
The Foundation's Millennium Bursary Program represents 95% of its endowment. The first bursaries were distributed in January 2000 to over 90,000 post-secondary students who demonstrated the greatest financial need. Students who apply for financial aid from the province or territory in which they reside are automatically considered for a bursary.
The Foundation's Millennium Excellence Award Program constitutes the remaining 5% of the endowment. The Foundation awarded almost 900 excellence awards for the first time in June 2000, on the basis of academic merit, community involvement, leadership, and innovation. The Foundation believes in the leaders of today and tomorrow and recognizes the need to support their contributions to our country. Excellence awards are not prizes for benchmarks achieved; they are investments in the development of Canada's leaders.
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