# Funding and awards

We know that for many students paying for university isn't easy. We're committed to making sure that a lack of money doesn't get in the way of your success at University of Waterloo. We'll work with you to help you find ways to fund your education.

## Guarantee of financial support

The University guarantees to fund unmet need as defined by the Ontario Student Assistance Program (OSAP) or a student assistance program from another Canadian province.

The University aspires to identify students in need and ensure that all eligible students admitted to full-time undergraduate programs have the financial assistance necessary to complete their studies. Students are required to seek financial support from all sources, including family, employment, government support programs and loans.

The University determines unmet need (as defined by OSAP) by using OSAP allowable costs minus the student's expected resources. Where other provincial jurisdictions use institutional bursaries as a resource, the University is not in a position to provide further bursary assistance to replace/repay loan overpayments.