A bursary is similar to a scholarship in that you're not expected to repay it, but it's awarded based primarily on financial need rather than on academic achievement.
Bursaries for new first-year students
Approximately 1,000 first-year Waterloo students who are Ontario residents with financial need and who are starting university or college for the first time may receive a Waterloo entrance bursary, valued from $500 to $4,000.
How to apply
A) Starting February 1, log in to Quest. Under the Finances menu, click the link to the Entrance Bursary Application.
B) Complete the quick eligibility check (You must be an Ontario resident as defined by OSAP.)
C) Fill in all fields on the application. You will need income and tax information from your parents, guardians, or spouse.
D) Click Agree to submit your application.
The application deadline is April 15. Bursaries will be awarded in mid-May.