Grants

Grants Script, Activity, and FAQ

Slides for the script can be accessed here.

Government Grants – Script

  1. Introduce yourself and today’s topic of Government Grants
  2. Today we will be covering: What are grants, how to get grants, examples of the kinds of grants available, and resources to help find grants
  3. What is a grant: a financial award (Meaning does not have to be repaid) given to eligible people by the government, as well as other public funds. This financing can be also in the form of contributions (For example RESP contributions for education), and subsidies
  4. Many grants especially for students and entrepreneurs, if they meet the eligibility requirements
  5. The key to obtaining grants is that they have to be applied for, which is why many grants go unclaimed
  6. Entrepreneurs’ biggest challenges involve financing, so looking into grants is a good way to start
  7. Outside of students and entrepreneurs, there are many grants aimed at a multitude of people, for example, Canada Ontario Job Grant for employers, new immigrant grants, first nations grants, and grants for women. You are encouraged to go on the Canadian government’s grant finder website to look for grants that apply to you, there is almost a grant for everyone. Benefits finder:

http://www.canadabenefits.gc.ca/f.1.2cw.3zardq.5esti.4ns@.jsp

As well as the government benefits finder, there are many that can be found through an online search, which will also include non-governmental grants that work in the same way.

From here you can go through a couple other grants, such as the COJG, women in skilled trades and IT training, etc.

OSAP is an example of a very popular grant. This is the Ontario Student Assistance Plan, for students living in Ontario regardless of age. You can apply through the OSAP website and get grants for going to post-secondary school. The grant portion of OSAP consists of 30% of tuition and other grants based on income. This is important because it does not need to be paid back, and is extra money put in your bank account.

Scholarships is another example of a grant, which is based on merit (eg. The student’s own accomplishments) and are tools to help pay for education which do not need to be paid back. There is an application to be done to be able to receive them, just like the other grants.

Introduce resources for different scholarships and how to apply. In conclusion, grants are essentially free money based on your eligibility and application. If you do receive a grant, you do not have to repay anything. You are encouraged to research about grants and apply, because many are not well-known, and a lot of money can go unclaimed. Also make sure to read clearly about the grant’s requirements and conditions before you go and apply

Activity

  • Open up the Canada benefits finder with the group: http://www.canadabenefits.gc.ca/f.1.2cw.3zardq.5esti.4ns@.jsp
  • Have the group fill out the information on the website (Does not have to be real information) and submit.
  • When the information is submitted, the site will show the amount of benefits you are eligible to claim.
  • Click on some of the benefits and read them over as a group, to demonstrate an example of the process of getting grants. Should demonstrate that the terms are clearly read before applying, and that you only apply for things that you are eligible for.

FAQ’s

How come I do not have to pay the grant back? What is the catch?

A: There is no catch when it comes to grants. It is a sum of money given to individuals with the goal of helping them to reach their goals. However, this is why you have to read the terms and conditions of each grant clearly in order to make sure you are eligible and meet the conditions when you apply, to make sure you do meet all the obligations of the grant. A grant is not the same as a loan, only a loan requires you to repay. Make sure that when you are looking for a grant, you do not accidentally apply for a loan!

How does OSAP work? Why do some people have to pay OSAP loans if it’s a grant?

A: OSAP is the assistance program for Ontario students. OSAP provides both loans and grants, in two portions. They are both under the OSAP program, which is why most people refer to the grant and the loan as OSAP. It is true that OSAP gives you a loan for school fees, but you are not forced to apply for the loan. You can choose to apply for just the grant portion of OSAP, which will depend on your income, and this portion does not need to be paid back at all. OSAP can also be applied as a grant + loan, which is where you would have to pay back the OSAP loan after graduation.

How much money can I get from grants?

A: The amount of money that is given out for each grant is different, but they usually range from a few hundred to a few thousand dollars each. The amount you will get is all based on your own situation and eligibility for grants, as well as how many you apply for.

What’s the point of applying for grants? It’s not that much money.

A: Although it might not be as much money compared to what you can get from a loan (borrowing money), grants are basically free money given out. It would not hurt to apply for grants and will only cost you some time. Keep in mind that you can apply for grants and loans at the same time to meet your goals.

Am I eligible for a grant? How many can I get?

A: Again, it will depend on your personal situation, and you can get as many as you are eligible for, unless the terms and conditions for the grants that you apply for clearly state a limit. Since this is very different for each person, you should do your own research on grants that you feel like you can be eligible for.

Emphasize that grants do not have to be repaid and to get them you just have to apply. It is a hard concept to grasp at times because it seems too good to be true :)