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Scholarships and Financial support
The SFU Beedie EC MBA is an investment in your future and we want to help you finance your degree to achieve your dreams and goals. We are proud to provide a variety of avenues for students to access the funding they need to successfully complete their program. Whether you are an international or domestic student, there are internal and external scholarships and funding options available to you.
Our scholarships are awarded as part and parcel of the admissions application process and are awarded on a competitive basis. We assess our candidates based on their work experience, academic prowess, community engagement and their alignment with our SFU Beedie values (diversity, action, research and engagement with purpose). Through our funding options, we assist in eliminating barriers for brilliant students from all socio-economic backgrounds to access higher education. At the time of submitting your program application, we will also review your application to determine scholarship eligibility and award amounts - no separate application needed.
Bursaries are a supplemental source of funding for students with demonstrated financial need; that is, they should not be treated as your primary source of funding. Bursaries are available to qualifying Canadian and international students. You should be aware that you may not be awarded a bursary every term. Please note that due to the high volume of applications received each term, payment of funds may not occur until the middle of the term of application; therefore we encourage you to plan accordingly.
Please note that SFU Beedie does not guarantee, co-sign, or endorse any of these specific programs of funding.
If you’ve been successful in taking out an educational loan with or receiving a scholarship from any other organization or financial institution, please let your department know so we can update this list for future students.
Loan/Financial Aid Programs
|StudentAid BC helps eligible BC students with the cost of their post-secondary education through loans, grants, scholarships, and other programs. Visit the StudentAid BC website for further information.
|Canada Student Grant and Loans
|The Government of Canada offers grants and loans to full-time and part-time domestic students to assist with paying for their post-secondary education. Students must apply within their province or territory of residence. Visit the Government of Canada website for further information.
Note: not all SFU programs may qualify, please refer to the SFU Financial Aid and Awards site for additional details.
|BMO Student Line of Credit
|The BMO Professionals Program aims to assist MBA students with tuition, books and personal living expenses, as well as meeting everyday banking needs while enrolled in the program. You can qualify for up to $50,000 (upon meeting the Bank's usual credit criteria) at a highly competitive interest rate of prime plus 1%.
Download more information on BMO’s Professionals Program. BMO also offers free banking as part of the SFU MBA banking package. For more information and to apply please contact firstname.lastname@example.org or visit the BMO website regarding professional lines of credit.
|Lifelong Learning Plan
|The Canada Revenue Agency (CRA) allows withdrawals from a Registered Retirement Savings Plan (RRSP) to finance training or education. To learn more about this option, obtain the Lifelong Learning Plan (LLP) guide from CRA or visit the Government of Canada website for more information.
|Many students are financially sponsored, in full or in part, by their employers so we encourage you to review how your company will benefit from your knowledge and skills gained in the program. We provide a brief overview of the benefits and necessities for employer support; reach out to us if you would like assistance in putting together a case for sponsorship.
International students should arrange for financial assistance through institutions in their home country before coming to Canada, as they are not eligible to apply for the Federal and Provincial Student Loan Programs or loans through Canadian financial institutions.
In addition, a number of external organizations also offer scholarships and loans to international students to study in Canada, so we encourage international students to research all options that may be available to them. Although the list is not exhaustive, we have compiled some examples below.
International Student Loans
SFU Beedie accepts third-party loan financing for tuition payments made through Prodigy Finance.
UP TO $25,000 US PER YEAR FOR A MAXIMUM OF 2 YEARS
Colfuturo is a Colombian loan/scholarship program. The main objective of this program is to provide financial support and increase opportunities for Colombian citizens to access high-quality postgraduate study programs abroad. Selection is based on a student’s academics, quality of study program, and comparison amongst all applicants. Students may be awarded scholarships for 25% of the loaned amount, provided they accomplish these three requirements: (1) be awarded their postgraduate degree, (2) return to Colombia, and (3) remain in the country for three to five years.
As of 2018, the SFU Beedie School of Business's Full-Time MBA program and Colfuturo have a Collaborative Agreement, which increases the financial support available to Colombian citizens. Two Colombian students who are admitted into the Full-Time MBA program, and are also beneficiaries of the Colfuturo loan/scholarship program, will be eligible for an additional entrance scholarship, equivalent to 25% of tuition.
If you have any questions regarding the Colfuturo Collaborative Agreement, please contact Mugaya Bagambiire at email@example.com
Other External Scholarships
For more information on other available external scholarships which are open to international and domestic students, please follow the links below.
|Aga Khan Foundation
|Canadian Memorial Foundation
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