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Two Canadian students have just gained an extra $750 each. We’re thrilled to reveal this year’s recipients of the 2024 Loans Canada x KOHO Financial Literacy scholarship.

Congratulations to Ezinne Ifeanacho and Julia Pederson – the recipients of the 2024 Winter Loans Canada x KOHO scholarship.

About Ezinne Ifeanacho

Ezinne is a student at McMasters completing her Health Sciences Hon (Honours) Bachelors. She is an inspiring student who has seized opportunities to redefine independence. From securing employment and opening a Tax-Free Savings Account (TFSA) to spearheading a Financial Literacy Workshop for Black Students at McMaster University – her story reflects determination and resourcefulness. 

Not to mention her dedication to inspiring literacy by serving as a community advisor. As Ezinne recognized the need for financial education in underserved communities she created a workshop through the university’s Black Student Association. While setting SMART goals, she also took advantage of government programs such as the Ontario Student Assistance Program (OSAP). Her work has provided a roadmap for financial success and contributed to the educational pursuits of other students at McMaster. 

We can’t wait to see how Ezinne continues to grow and foster financial literacy in her community. 

Julia Pederson

Meet Julia Pederson of Edmonton, Alberta. Julia is a high school senior who uses detailed financial planning and research to achieve her financial goals post-graduation. 

Marked by a commitment to form strong savings from a young age, Julia made use of various online tools and apps to create a budget that worked for her. Through after-school work, Julia ensured long-term financial security by building interest on her paycheques and savings through a redeemable and non-redeemable GIC account. 

Julia’s insightful advice for fellow teenagers stems from her own experience: “The earlier you start, the more you will make.” This approach reflects Julia Pederson’s financial wisdom and sets a practical guide for teenagers aspiring to build a secure financial future.

Loans Canada x KOHO Financial Literacy Scholarship

The Loans Canada Financial Literacy Scholarship began in 2020. And has returned to partner with KOHO for the second year in a row. The scholarship doubles the impact by awarding $1,500 per semester to two students registered for post-secondary education in Canada. That’s $3,000 toward offsetting the costs of higher education.

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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