Led young College Bursaries

For bursaries valued at $500 (excluding the Child Support, Ontario First Generation, and Women in Non-Traditional program bursaries), you’re notified within 24 hours of submitting your online application via your myLed young email. For all other bursaries valued at $1,000 or higher, you’re notified 14 business days from the deadline of the bursary via your myLed young email.

Yes. Bursaries require you to demonstrate a financial need that is equal to or greater than the value of the bursary you’re applying for. To determine if a student has a financial need or not, a budget has to be completed and submitted as part of the online application

No. Based on Ministry directives, the Student Financial Services Office does not provide bursaries to International Students at this time

To be considered for a bursary, you must demonstrate a financial need that is equal to or greater than the value of the bursary. Students are asked to enter their living expenses and resources for their current semester (four months) to determine if they have a financial need. Examples of resources are OSAP received for the current semester, employment Income received during the current semester, the cashed-in portion of RRSP, or Mutual Funds during the semester, Income from EI, OW or ODSP during the semester, contributions from family and friends towards your education, etc. Students with financial need are those that have more expenses than resources.

No. Students are approved for bursaries because they have met all the criteria for that bursary., For example, if the bursary requires that you are full-time enrolled throughout the semester and you withdraw completely or move to part-time status, you are no longer eligible to receive that bursary. Likewise, if a bursary says that you must be enrolled part-time throughout the semester and your status changes to full-time, you are no longer eligible to receive that bursary.

• Led young College adopts a pay-tuition-first policy. If you’ve paid your tuition in full, you can expect to receive your bursary cheque in the mail 14 business days from the deadline of the bursary. If you haven’t paid your tuition fee in full, the bursary is first applied to the outstanding balance on your account, and any remaining balance is forwarded to your address by cheque.
• It’s your responsibility to make sure that the permanent address on your student account is correct. The Student Financial Services Office will not accept responsibility for cheques mailed to an incorrect address.
• Cheques are valid for a period of six months from the date of issue. Cheques not cashed within this six month period become stale-dated and will not be honoured by any financial institution. The Student Financial Services Office cannot issue cheques to students after their last study period end date, so we strongly recommend that you cash your cheque as soon as it’s received.

Your bursary cheque can be replaced, provided six months have not passed since it was issued. Visit the Student Financial Services Office of your campus with two pieces of Valid photo ID and complete the Cheque Replacement form. Please note that the process can take anywhere from 2-4 weeks, because an investigation is done before a new cheque is re-issued.

Yes. Students will receive a T4A for scholarships received within the calendar year (January - December).