CREDIT UNION FOUNDATION OF BRITISH COLUMBIA
Education Awards

CREDIT UNION FOUNDATION OF B.C. - DIRECT REQUESTS
Application for an Education Award

Criteria:

• The prime criteria is demonstrated financial need.
• It is expected that the main funding is in place and every effort through normal channels available to students to access funds has been made.
• Acceptable grades are required.
• Applicants must be B.C. residents in attendance at public post secondary schools within the province.
• Applicants attending accredited private schools will only be considered if the program is not offered at a public school.
• Applicants attending at a school out of province will only be considered if the program is not offered within B.C.
• For students whose home town is near the Alberta border and it makes economical sense to attend school in that province, requests will be considered.
• Students requiring funds to take part in exchange programs are not eligible unless it is a requirement to obtain the degree.
• Programs of study may be vocational, technical, technological or academic.
• Graduate and post graduate students are not eligible. However students on designated programs of study required to become a professional such as a lawyer, doctor, teacher, etc. may apply.
• Consideration is also given to mature students.

Award Process:
The Awards Committee will review all complete applications received by the deadline, taking into consideration the actual need, the length of the program, the year of study, efforts to minimize costs, personal statement of special circumstances, grades, etc. All decisions are final and are conveyed in writing.

If a Foundation award is approved, it is disbursed during the course of the program.  Cheques are forwarded to the recipient’s credit union or credit union nearest to the institute of learning or place of residence.  This enables the monitoring of the application and disbursement of the grant, and it provides the credit union concerned with an opportunity to receive recognition concerning the award.  As required by Revenue Canada, a T4A will be issued the following spring for income tax purposes.

Applications: Forms may be obtained at any credit union throughout the province.
Applications are accepted at the start of the students academic year; only one application per calendar year will be accepted. The deadline is the date the application must be received at the Foundation's address.

Mail applications to:

THE CREDIT UNION FOUNDATION OF BC
C/O 1441 CREEKSIDE DRIVE
VANCOUVER, B.C.   V6J 4S7 

Only complete signed applications will be reviewed.

Incomplete applications will be returned. (Applications will be held only if the student loans award notice has yet to be received from the Ministry and the student has noted such on the form that a copy will be forwarded as soon as obtained.)

Award Amounts:  Awards vary up to a maximum of $3000.  Eg:
1st year student attending 2 consecutive semesters full time at college can expect up to $750.
5th year PDP student attending 3 consecutive semesters full time at university can expect up to $2400.

COLLEGE & UNIVERSITY DISBURSED GRANTS
Each year the Credit Union Foundation of B.C. provides grants to public Colleges & Universities throughout British Columbia for disbursement.  Students should check their school’s calendar for descriptions of the awards or consult with their Awards Office on eligibility.