Canada is most sort after by international students and immigrants for a number of factors; the quality of life, the acceptance and generosity of the Government of Canada towards foreign nationals amongst other things. In the generosity of the Government of Canada, philanthropic organizations and top institutions, there are several funding and grant programs made available for international students to study in Canada.
In this article, we have listed the Top 10 Highly Paid Scholarships in Canada (paying above CAD 50,000). You can apply for these fully funded scholarships to fulfil your dream of studying in Canada. These 10 Highly Paid Scholarships are offered mainly on the basis of financial needs or merits, depending on the awarding body and the program objectives.
Highly Paid Scholarships in Canada | Funding Coverages
Scholarships offered in Canada provide great benefits to international students. Some of these benefits are listed below;
- Complete medical coverage.
- The cost of academic materials
- monthly stipend and all living expenses
- Free meal and accommodation
- fully or partially paid tuition.
- Additional grants
- Allowance for relocation
- The opportunity to attend seminars
- Networking opportunities
- sporting membership.
All these benefits and more will sum up to the award amount which should usually be enough to take care of the student’s study needs.
List of Highly Paid Scholarships in Canada Paying Above CAD 50,000
This is one of Canada‘s most coveted scholarships. It is valued at $100,000. This scholarship is awarded to high school graduates having entrepreneurial mindsets who are enrolled in science, math, technology, and engineering courses. To learn more about this scholarship [Useful Link].
This scholarship is offered by the Loran Scholars foundation in partnership with the Universities in Canada. The criteria for getting this scholarship are outstanding leadership and character qualities. The sum of $100,000 is offered to the recipients of these scholarships [Useful Link].
#3- University of Toronto International Scholar Award ($80,000 – $180,000)
The University of Toronto offers scholarships worth about $100,000 to international scholars based on merit. This scholarship covers a span of four years and requires certain conditions to be maintained [Useful Link].
#4- Vanier Canada Graduate Scholarships ($50,000)
This scholarship is offered based on leadership potential, academic excellence, and research potential. The sum of $50,000 is offered to the recipients of this scholarship for three years of their PhD studies [Useful Link].
#5- The Banting Postdoctoral Fellowship ($70,000)
The Banting Post Doctoral Scholarship is a two-year, non-renewable scholarship available to Canadian and international students. The value of this scholarship is $70,000 and it is meant for postdoctoral students doing research in areas such as health, natural sciences, engineering, social sciences, and humanities.
#6- York University International Student Scholarships (Up to$180,000)
York University offers a wide range of scholarships for current students, as well as international students. The value of these scholarships’ ranges from $80,000 to $180,000. This is meant for students who are experiencing emergency financial problems and will not be able to pay their fees.
A Western University International President Entrance Scholarship is awarded based on academic performance. This award is reserved for students who are not citizens of Canada and have applied for admission to full-time studies at Western University. The value of this scholarship is $50,000 [Useful Link].
#8- The Calgary International Entrance Scholarship ($60,000)
The Calgary International Entrance Scholarship is valued at $60,000. It is available to international students or permanent residents of Canada. This is an undergraduate scholarship awarded based on academic excellence
#9- University of Toronto Lester B. Pearson Scholarships ($50,000+)
The Lester B. Pearson Scholarships are offered for undergraduate studies at the University of Toronto. It is a fully funded programme which pays well over $50,000 depending on programme of study and other considerations
The Pierre Elliott Trudeau Foundation offers the sum of $60,000 to train future leaders. This scholarship was created for doctoral students who want to be trained to translate their ideas into action for the good of their communities [Useful Link].
How to Get Highly Paid Scholarships in Canada
Due diligence is key to success in every scholarship application. In applying for high-paying scholarships in Canada, this is not different. If you want to get the best results from your scholarship application, follow the below tips:
- Do research for the types of scholarships you want. In this case, the scholarships are already given to you in this article.
- Make sure you understand the eligibility criteria and the application requirements. Only apply for scholarships you are qualified for.
- Make sure your documents are complete.
- Apply early for every scholarship you qualify for.
- Be creative in your application. Do not think only academic; some scholarships consider a number of selection criteria like community service, sportsmanship, etc.
- If it requires an essay, write a well-structured, comprehensive, and top-notch essay.
Key Qualifications for Highly Paid Scholarships in Canada
Scholarships in Canada have different qualification considerations. Generally, however, there are three things considered by scholarship bodies before scholarships are awarded:
- Excellent academic records
- High level of Language proficiency
- Participation in social and extra-curricular activities
The above listed scholarships are offered by the Canadian government, some Canadian universities, non-profit organizations, and individuals. If you do not have the financial capability to study at a university in Canada, the above listed scholarships and guide can help you achieve your study dream in Canada.