- scholarships
awarded

MORE than 10,700
British Columbia stu-
dents at the post-sec-
ondary level will receive
scholarships from the
Canada Millennium
Scholarship Foundation
for the 1999-2000 aca-
demic year.

Jean C. Monty, chairman
of the board, and Norman
Riddell, executive director
and chief executive officer of
the foundation, announced
the program recently in
Onawa.

The 10,769 Millennium
Scholarships dedicated to
British Coiumbia’s neediest
students represent for the
foundation an annual invest-
ment of $36,793,500 in. the
future. of the province's
young people. Recipients will

¢ notified by mail in the -

coming weeks of the scholar-
ships, worth between $2,000
and $4,006 each.

Next January, each
Millennium recipient will
». receive a cheque issued by
the goverament of British
‘Columbia on behalf of the
‘foundation.

: “The | Millennium
“Scholarship - pro; ram con-

. firms Canada’s wil ingness to”

invest in our country’s young
people, whom ali Canadians
regard: as their:

hope, and in: knowledge,

| greatest .

which is young Canadians”
guarantee of future success.
This federal government in
Native along with the initia-
tives of our provincial and
territorial partners will give
young Canadians the neces-
sary skills to face the modern
world and enjoy a better
future,” Monty said.

The recent announce-
ment concludes one year of
talks with provincial and ter-
ritorial post-secondary edu-
cation officials and marks the
implementation of 12 agree-
ments signed with nine
provinces and three territo-
rics.

The agreements were
negotiated with a view to
complementing existing pro-
grams and avoiding adminis-
trative overlapping that
could have resulted from the
distribution of the new
scholarships. Under the
agreements, the provinces
and territories are also assur-
ing the foundation’s recipi-
ents that their millennium
scholarship will enhance their
individual financial situation.

The foundation has not
yet concluded an agreement
with the Quebec govern-
ment. Riddell says the foun-
dation hopes to reach an
agreement soon, similar to
the ones concluded across
the coun

“Our objective is to pro-

vide Canadian students with

additional financial assistance
in the new millennium. I am
especially proud to have
chieved this end through
the agreements signed with
our provincial and territorial
partners.

_ “The foundation — will
remain faithful to its mission
during its 10 years of exis-
tence, to broaden access to
post-secondary education by
reducing the growing
indebtedness of Canadian
students,” said Riddell.

The Canada Millennium .

Scholarship Foundation is an

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independent organization set
up in 1998 under an act of
Parliament. The foundation
manages a $2.5-billion fund
and will grant scholarships
until 2010.

To be cligible for a
Millennium Scholarship, stu-
dents must be Canadian citi-

zens, have completed 60% of
a year of post-secondary
study, be registered full time
in a recognized post-sec-

ondary educational. institu-
tion, display need and be eli-
gible for financial assistance
in their province or territory
of residence. Students may
receive a maximum = of

$15,006 over four years of

study, although not necessar-
ily consecutive years. °

The agreements signed by
the Canada Millennium
Scholarship
guarantee

_ that”. the

-ritory

Foundation .

- Millennium Scholarships will

be distributed in proportion
to the population of each ter-
and - province in
Canada as a whole.’

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S230. Marine Da WY, Van, 225710 .