Are you a student under 30 years old about to kick off your post-secondary education in Canada? Or maybe you’re already a couple of semesters in?
No matter where you are in your post-secondary education journey, the Loans Canada Financial Literacy Scholarship sponsored by KOHO is available to you.
We’ve Partnered with KOHO For The Fall 2023 And Winter 2024 Semesters
We’re excited to announce that two times this year, Loans Canada together with KOHO, will award two students $750 each to put toward their school expenses. That is an annual total of $3,000 for Canadian students.
The scholarship is open to students who reside in Canada, with the exception of Quebec, registered in a post-secondary institution.
The entry deadline for fall 2023 consideration is August 31, 2023. The winners for the fall 2023 semester will be announced on September 5, 2023.
The winter 2024 application window opens September 1, 2023, and ends December 31, 2023. The winners will be announced on January 5, 2024.
How To Apply For the $750 Loans Canada Financial Literacy Scholarship Sponsored By KOHO?
All you have to do is fill out this form and tell us how financial literacy has made a difference in your life or how you plan to use your financial literacy skills to make a difference in your life.
The rules and regulations for the scholarship are available here.
There are no grade or GPA requirements and there is no minimum or maximum word count. Just tell us about yourself! However, like a good academic, please do not plagiarize your submission.
Winners will get their $750 in Canadian funds on their new reloadable KOHO Mastercard.
If you are an existing KOHO user, the scholarship will be deposited into your KOHO account. If you do not already have a FREE KOHO account, you will need to open one to receive the scholarship. Opening a KOHO account does not affect your credit score and does not involve any credit check.
The KOHO Mastercard is not a credit card, but cash you can use online or in-store wherever Mastercard is accepted. With the no-fee KOHO prepaid Mastercard, you can earn unlimited instant cash back, refer your friends and family to get up to a $1,000 referral bonus and earn interest on your entire account balance.
What Is The Loans Canada Financial Literacy Scholarship Sponsored By KOHO?
Loans Canada’s number one goal is to empower Canadians to make the best financial decisions based on their needs. Encouraging financial literacy is key to achieving this goal.
Financial literacy is a lifelong commitment and a journey that should start at a young age. This is why we started the Loans Canada Financial Literacy Scholarship.
In previous years, we awarded the scholarship twice a year. Each time, one student would win a $750 scholarship to help them offset the cost of their post-secondary education.
Previous Winners Of The Loans Canada Financial Literacy Scholarship
- Summer 2023: Wonu Adelusi from McMaster University
- Fall 2022: Hailey McCalla from Toronto Metropolitan University
- Summer 2022: Joon Sohn from the University of British Columbia
- Spring 2022: Chelsea MacBean from Dalhousie University
- Fall 2021: Kaiden Phillip from Humber College
- Summer 2021: Matthew Tran from Queen’s University
- Spring 2021: Eden Lauren from Langara College
- Fall 2020: Nathan Le from the University of Alberta
- Summer 2020: Elizabeth Gagne from McGill University
Who Is KOHO?
KOHO is the leading Canadian fintech company with the goal of creating better financial services for Canadians. KOHO offers a free prepaid Mastercard that works as a spending and savings account to help over 1 million Canadians budget, spend, and save like experts.
The account provides multiple perks, including earning up to 4.5% interest on the account balance, up to 2% cash back on groceries, dining, and transportation, and up to 6% extra unlimited instant cash back on purchases with partner merchants. Users can also build their credit history for a small monthly fee, which can be particularly useful for those starting their finance journey and achieving financial goals faster.
