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Today we’re happy to announce the winner of our Loans Canada Financial Literacy Scholarship for Summer 2023. Continuing to help Canadian students meet both their educational and financial goals, through our scholarship, is a project the entire Loans Canada team is really proud of.

We couldn’t be more excited to announce that the winner of our Summer 2023 Financial Literacy Scholarship is Wonu Adelusi.

About Wonu

Financial literacy to me has made three significant impacts on my life in terms of freedom, planning, and access. Regarding freedom, I believe gaining knowledge creates opportunity, and the more you know, the more opportunities become available to you. Due to this, I am currently studying Integrated Business and Humanities at McMaster University, where I have been exposed to a plethora of financial literacy workshops, courses, and clubs that work with students like myself to allow us better to understand this gatekept secret of money management. Therefore, being financially literate to me has given me the freedom to take control of my future career and financial goals.

That’s where the planning comes in. When one has adept knowledge in budgeting or personal finance management, they become more secure in the long run. I have been able to set goals and targets for my future because of these skills.

Lastly, and probably most importantly, access– sharing that knowledge and those tips with others. Working with Penny Drops opened me up to these opportunities and I hope to dedicate my undergraduate degree and the following career to extending this knowledge to marginalized communities and those who are disproportionately affected by financial illiteracy.

Apply For Our Scholarship

We are now accepting applications for the next round of our scholarship, qualified students can apply by clicking the button below.

Caitlin Wood, BA avatar on Loans Canada
Caitlin Wood, BA

Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over eight years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

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