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Interior Savings Credit Union bursary program in 10th year

The Interior Savings Million Dollar Bursary Program, now in its 10th year, has been making 1,000 bursaries available to students each year, in the amount of $1,000. One of many investments the member-owned co-operative makes in community, underscoring its’ Local Money for Local Good approach. The bursary is part of the Credit Union’s Member Rewards Program, which returns a significant portion of its profits each year to members and the community.

With inflation last year at 6.8 per cent, according to Statistics Canada, $1,000 can make a big difference in the wallets of post-secondary students, trying to make ends meet. Especially in BC, where this added inflationary pressure is met with some of the highest tuition rates in the country.

“The cost of living is taking a toll on many in our community,” said Brian Harris, CEO at Interior Savings, in a news release. “Especially students, trying to keep up with the rising cost of tuition, rent, food and transportation. Our Million Dollar Bursary Program is not just an investment in community, but in our next generation of leaders.”

According to the Credit Union, the application process is quick and easy, with high approval rates nearing 75%. Unlike most bursaries and scholarships which require students to write lengthy essays, be top academic achievers, or meet financial criteria, Interior Savings seeks to reduce eligibility barriers and increase access. The bursary only takes about five minutes to apply for and is tied to the credit union’s free young adult account, which covers members ages 17 to 24. Non-members are also welcome to apply, after opening up a free student account before the February 28 application deadline.

Interior Savings also recognizes the need to support education at various life stages, including mature students, which it promotes through other bursaries such as Lifelong Learners.

With approximately half of the 1000 bursaries still available, anyone with students in their lives – in the Okanagan, Thompson Nicola and Prince George region – is encouraged to help spread the word, ensuring the bursaries are put to good use in the community.

Learn more or apply today at www.milliondollarbursary.com.

 

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