Supporting students through financial aid
We are constantly striving to increase the number and value of scholarships, bursaries, awards and fellowships available to our students. In the past year we added new awards that support students of Classics, Archaeology, Linguistics and on the horizon there is a new and exciting award that will be eligible to students majoring our new Performance and Communications Media program.
All forms of support reward talent and hard work, and for those who rely on these means to begin or continue their studies, it can make all the difference for brighter future. There’s always opportunity to participate in supporting our students and we welcome it any level. For example, support can be directed to an existing fund or it can be directed to endow a new fund. An endowed gift has significant impact and essentially pays out an amount each year from the interest it generates in perpetuity – meaning forever!
Establishing an endowment is probably easier than you think. “A minimum of $10,000 is all that’s required for an endowed award to begin helping students. For a scholarship or bursary, the minimum is $22, 500,” says Arts Development Officer Daniel Hayward. At that level, he explains, awards can be given based on a portion of the investment income.
Often, a scholarship fund is begun to honour or remember someone, and donations can be made by several individuals and groups immediately or over five years. In this way, funds grow quickly, allowing deserving students to reap the benefits. Bursaries are given out based primarily on financial need, while awards and scholarships are awarded primarily on academic factors. A fellowship is normally financial support for students of our graduate programs.
If you’re interested in more information about
scholarships, bursaries, awards or fellowships contact Daniel
Hayward, Development Officer for the Faculty of Arts.
Faculty of Arts & School of Music
Memorial University of Newfoundland
St. John's, NL
Canada A1C 5S7