With the new school year around the corner, thousands of post-secondary students across Canada are getting ready for the first day of school. Whether students are attending in-person or virtual classes, the financial challenges brought on by the COVID-19 pandemic are still a reality for many. With the new Scotia Funds Your Future contest, Scotiabank is giving post-secondary students the chance to win* $30,000 towards their tuition.
The COVID-19 pandemic has been challenging for post-secondary students with many experiencing job loss and work placement delays or cancellations. This loss of income only emphasizes debt as a major point of concern for students. According to Statistics Canada, half of post-secondary graduates have student debt at graduation with a median debt of $17,500.
"For many, the years spent at college and university are an exciting time but it's also a time when students are burdened with debt from the cost of tuition, books and rent," said Tracy Gomes, Senior Vice President of Retail Customer Value at Scotiabank. "The Scotia Funds Your Future contest is just one way Scotiabank is helping students alleviate some of the financial pressures they face."
With the Scotia Funds Your Future contest, Scotiabank will help two lucky winners with their tuition costs. One domestic student and one international student will each be awarded a $30,000 prize. Contest winners will have the opportunity to meet with a Scotiabank advisor to help create a financial plan. Contest runs between August 3, 2021 to January 31, 2022 and the winner will be selected on March 1, 2022. Eligible students can earn entries by holding or opening a new Scotiabank eligible account* and registering for the contest.
More information :Scotia Funds Your Future contest
