Canadian Scholarship Sponsorship Benefits for International Students
Studying in Canada at a prestigious Canadian university, especially on a Canadian scholarship, is like a dream come true. But a journey of an international student from their homeland to Canada is full of financial hardships, elevated expenses, and extra hard work. Most Canadian Scholarships without IELTS also offer generous academic sponsorship packages.
Concerning helping these talented and passionate students to achieve their academic goals; fully funded Canadian scholarships announced various valuable financial coverage plans for international students to let them study in Canada for free. Students from below-average countries can win these worthy benefits by getting scholarships for the undergrad, postgrad, and research programs in Canada.
From tuition fee exemption to allowances for living, accommodation, food, books, etc., all are financed via Canadian scholarships.
Financial Benefits Sponsored by Canadian Scholarships:
Tuition Fee Exemptions
Travel and Transport Expenses
Funds for books
Sports Club Membership, Library & Lab Access
Scholarship Rewards & Monthly Stipends
Visa Cost Coverage
Funding Benefits of Scholarships in Canada
In this article, we have discussed all these points in detail to understand the perks of studying under the fully-funded scholarships of Canada.
1# Tuition Fee Waivers/ Discount by Canadian Scholarships:
Canadian Scholarships are very famous among international students, particularly financially challenged applicants who cannot afford to study in Canada due to high tuition fees. For this reason, funded scholarships offered by the Canadian government and universities offer partial and full tuition fee waivers for the scholarship winners throughout the degree program.
However, the tuition fee waiver percentage varies from one scholarship to another. Like many scholarships are sponsoring only 10% fee waivers. Meanwhile, some are giving up to 50% or 75% tuition fee exemption until the degree completion. Moreover, fully-funded scholarships, like Banting Post-Doctoral Fellowships, Trudeau Scholarships, and Vanier Canada Graduate Scholarships, give a 100% tuition fee exemption.
2# Residence Facility:
No wonder studying and living in Canada is not as easy as it seems, specifically when a student has to cover dozens of other expenses during the educational journey. In light of such incidents, Canadian generous scholarships have resolved this issue for the local and overseas students holding fully or partially funded scholarships offered by the government of Canada or its universities.
These Canadian scholarships provide full residence support in two ways, a housing allowance to cover the residence rent or free accommodation to the scholars at the university dorm. But, if a student chooses a place where the rent costs more than the housing allowance, he has to cover the remaining amount from his pocket. The scholarship will not pay any other extra amount.
Canadian scholarship-giving housing facilities are; Okanagan College Scholarships, Lester B. Pearson International Scholarships, University of Regina Scholarships, University of Toronto Scholarships, etc.
3# Monthly Stipends/Fixed Rewards:
The list of the academic and financial assistance covered under the Canadian scholarships has just begun. Like, the fee waivers and free residence facility, get ready to receive monthly stipends or fixed scholarship rewards every month to cover the additional expenses.
Meanwhile, the monthly allowance is not the same for every scholarship program. However, according to the estimate, the average monthly stipend ranges from $2,500 to $4,000. So, it is a golden opportunity for overseas candidates to study in Canada under the scholarship as it will cover most of their financial expenditures.
Scholarships in Canada also offer stipends (Paid monthly) to the winners and this sponsorship is mostly covered by the Guelph University Freshmen Scholarships, McGill University Scholarships, Concordia University Scholarships, and many more.
4# Life and Health Insurance Plans for Scholars:
Canadian scholarships aim to help financially unprivileged students in every possible way. Such highly rewarded funded scholarships not only cover the academic expenses but also look into the healthcare of scholarship winners. Spending hundreds of dollars on health and medicine is inconceivable for overseas students during the study trip in Canada.
Hence, many Canadian scholarships provide medical insurance or health and sickness premiums up to CAD 20,000 or above via Ontario Health Insurance Plan for four years of the study program. Moreover, any accident/ mishap expenses will also get sponsored via Canadian scholarships.
Some notable scholarships covering health insurance are Concordia University scholarships, Waterloo University Freshmen Scholarships, Rotman Family Healthcare Scholarship, etc.