As you have taken the bold choice to take control of your future through education, the first thing that you may start to wonder is how you are going to pay for the tuition. When you enroll in a graduate program to obtain a Masters of Education at Western, there are some options available to you. If you need a little help to get through your course financially, or if you are looking for the means to pay for all of your education costs there are ways that your dream can come true.
The financial commitment required to continue your postgraduate studies can be quite demanding. For that reason, we have put together a list of sources of funds and scholarships that will enable you to attend the program that you want.
1. External funding
This can be a great place to start your search for funding for your post-graduate studies. You should take note that you will need to separately apply for each of the programs as they are independent from each other. When you apply make sure that you put your best foot forward. If the outcome from your application is not the one that you want, then stay positive as there are other sources of funding available to you.
2. Private financial institutions
These can be another good option to provide you with the funds you need to make your plan to study at a post-graduate level feasible. To apply for one of these financing options, you will need to contact the bank or lender of your choice and request information. One thing you must do is your due diligence. Make sure that you have fully understood all of the terms and your financial commitment to pay back these loans. Ideally you want to make sure that after your studies and hard work you are in a better position financially than you are now.
3. Provincial and federal government funding
The government of Canada has several programs that are designed to help students just like yourself get access to postgraduate studies. For example, Ontario residents can apply for the Ontario Student Assistance Program (OSAP).
If you are considering government funding for your studies then you should make sure that you fully understand the terms of the loan so that you can plan your finances accordingly.
4. Discuss with your course leader
You may find that there are some specific initiatives that have been set up in house at your university. Often these are memorial scholarships or donations from alumni that maintain these. Information on how to apply for these can be hard to come by through your own research, so it is advised to speak to your tutors to see if they are aware of any programs that they could let you know about or even nominate you for.
5. Plan ahead
You will need to have a plan in place for your tuition well in advance of the intake date, some of the assistance programs and scholarships mentioned above have cut off dates that you must apply for well in advance of the start of term. Ideally you should be thinking about how you intend to fund your future studies a year or more in advance of when you plan to start your postgraduate studies. This forward planning will allow you to take advantage of all of the options available to you, and even let you have a few backups in place should you not get your first choice of funds for the tuition.