A new $50-million fund for student bursaries is the largest in Canada, says its sponsor, the Telus Friendly Future Foundation.
The fund has been created through a $25-million endowment gift from the telecommunications company Telus, along with an additional $25-million commitment in fundraising by the foundation. It is intended to support students who face financial barriers impacting their ability to enroll in or continue their post-secondary education.
Bursaries will be awarded annually to youth between the ages of 17 and 29 who have been accepted into, or are attending, any undergraduate degree or diploma program at a Canadian college, university, or polytechnic institute.
More than 400 students each year will receive a bursary to put toward tuition fees, $5,000 for university study and $3,000 for college.
“While many student award programs focus on recognizing academic achievement, we will enable those in financial need to have an opportunity to thrive through higher education,” the foundation said in a release. “The Telus Student Bursary is for students who are driven to make the world a better place by taking on a social impact project.”
The foundation is no longer accepting applications for 2023 bursaries; the next application window will open in early 2024.