4,000 top Ontario students receive provincial scholarships
TORONTO, Sept. 22 /CNW/ - More than 4,000 of Ontario's top scholars will receive the first Aiming for the Top Tuition Scholarships, a new program designed to recognize high performing students with top marks, Dianne Cunningham, Minister of Training, Colleges and Universities announced today.
These scholarships, which recognize both academic excellence and financial need, are awarded to high school graduates in Ontario who are going to college or university.
"I am delighted to recognize so many hard working students for their outstanding achievement," said Cunningham. "Aiming for the Top Scholarships are part of our Government's commitment to reward merit while helping to ensure every willing and motivated student continues to find a place at college or university."
Overall, scholarship winners achieved an average mark of 87.7 per cent, with some 1,500 earning an average mark of 90 per cent or higher. More than 20,000 students, representing more than 700 schools across the province, applied for the scholarship in its first year of operation.
"These marks speak for the quality and dedication of our first scholarship winners and I want to congratulate each of them for being important role models for their peers," Cunningham said.
Winners may receive a tuition scholarship worth up to a maximum of $3,500 per year, depending upon their financial need and the amount of their tuition. Close to 1,400 students have received the maximum award this year. Students who maintain an 80 per cent average can continue to receive the award for up to four years of postsecondary education.
The Ontario government's initial investment will total more than $8 million. When fully implemented in 2003, the annual investment will be $35 million in scholarships for more than 10,000 students each year.
Students with merit-based scholarships will be able to earn up to $3,500 in scholarships before their Ontario Student Assistance Program (OSAP) loan is affected, ensuring they receive the full benefit of their scholarships.
For further information: Kerry Delaney, Minister's Office (416) 326-1625; Dave Ross, Communications Branch (416) 325-2709