Anyone can establish a scholarship or bursary. Our staff will assist you in defining the selection criteria, drafting an agreement for your signature, and promoting and disbursing your award.
This section outlines the different types of awards, options for funding an award, and points to consider within the selection criteria.
The Scholarships & Bursaries Coordinator, available at 780.378.1278 or email@example.com, would be happy to answer any questions you may have.
Scholarships and bursaries play a vital role in the academic development of students at NAIT. While NAIT tuition fees are among the lowest of post-secondary institutions in the province, they can still present a barrier for even the most committed and focused of students.
Thank you for establishing a scholarship or bursary today. Our donors are supporting students in accessing the best technical training Canada has to offer.
1. Determine the Type to Establish
|Scholarship||A monetary value given in recognition of excellence in academic achievement. Students are eligible if enrolled in 80% (eighty percent) or more of a full course load. Additional selection criteria, for instance volunteer work or leadership, may also be considered.|
|Bursary||A monetary value given to applicants who prove financial need and are maintaining satisfactory academic standing. Students are eligible if enrolled in 60% (sixty percent) or more of a full course load. Additional selection criteria, for instance volunteer work or leadership, may also be considered.|
A monetary or other value given in recognition of volunteer work or leadership, and may include but is not limited to, academic achievement or financial need. Students are eligible if enrolled in 80% (eighty percent) or more of a full course load.
Note: "Award" is also used generically to describe the presentation of an item of monetary and/or other value to a person or persons. For example: Scholarship or Bursary.
2. Determine the Type of Funding
|Annual||A donor supplies an annual sum of money to NAIT, $500.00 or more, towards award(s). The entire donation is disbursed directly to student(s) selected. The NAIT Scholarships & Bursaries Office will confirm the donor(s) continued support each year.|
|Pledge||A donor(s) pledges to supply a specified sum of money to NAIT, $500.00 or more, annually for a fixed period of time towards award(s). Each year of the pledge, the entire donation is disbursed directly to student(s) selected. The NAIT Department of Advancement mails out pledge reminders to donor(s) each year for the term of the pledge.|
|Endowment||A donor supplies a lump sum of money to NAIT, $20,000.00 or more, which is held in a long-term investment account. The principal of the endowed fund shall be retained, administered and managed by NAIT in accordance with its investment policy. Endowed funds generally are meant to exist in perpetuity; therefore, the scholarships and bursaries must be derived from the annual residual that is generated from the principal investment. Investment earnings are calculated annually at June 30. Additional gifts may be added to the endowment at any time.|
3. Determine the Conditions
You may choose to designate your award(s) to a specific Academic School, program, and year of study.
Award criteria must be broad enough to ensure a sufficient pool of applicants. The terms and conditions of your award(s) will be subject to approval by the NAIT Department of Advancement.
Award(s) based on discriminatory grounds are not accepted for administration; although, consideration will be given to the administration of funds directed toward disadvantaged groups.
Award(s) containing a condition obligating the recipient to take on specific undertakings as established by the donor are deemed as unacceptable by NAIT andare not accepted for administration.
The NAIT Scholarships & Bursaries Office will work with you to develop a Scholarships & Bursaries Agreement. Once an agreement is drafted, both parties will be requested to provide final approval.
The NAIT Department of Advancement may provide invoices, if requested, and will issue charitable receipts for all donations. The NAIT Department of Advancement is responsible for the appropriate donor recognition and stewardship. The names and criteria of all available award(s) are published in the NAIT Scholarships & Bursaries Handbook, coordinated by the NAIT Scholarships & Bursaries Office.
Additional items that may be included:
Excellent Academic Achievement
- Normally indicates a Grade Point Average of 3.5 or greater on a four-point scale
- 80% or higher
Satisfactory Academic Achievement
- Normally indicates a Grade Point Average of of 2.0 or greater on a four-point scale
- 65% or higher
Example of a Scholarship Description:
Conditions: Available to second year students in the School of Business. Awarded on the basis of superior academic achievement in the first year.
Application: Available online at www.nait.ca/scholarships
Deadline: September 30