Students are finding it hard to afford their post-secondary education, especially with the rising costs of housing, food, and transportation. But Vancouver Island University is hoping to help students make ends meet.
The university’s foundation has created the VIU Access Fund, which is helping provide financial assistance of up to $2,000 to students in need.
According to a media release, the fund is accessible year-round and is accompanied by a less formal application process. This means students can receive funding in a more timely matter, instead of pausing their studies.
Rowen Warrilow, annual giving coordinator said this fund won’t hinder any students, unlike traditional bursaries, awards, and scholarships.
“We know many traditional scholarships and awards have limitations, and they are only given out at a certain time of year and many of them have criteria that can limit accessibility,” Warrilow said. “This fund is accessible to any student who needs it, when they need it, regardless of the program.”
Warrilow said the fund also doesn’t reflect the financial status of an applicant which is sometimes a deterrent for students to apply.
