What are the differences between an academic award, bursary and scholarship?

Academic awards

Sheridan presents hundreds of academic awards to students demonstrating outstanding academic achievement. Students are typically presented their awards annually at an awards ceremony or grad show. Students are notified by their faculty if they've been chosen as the recipient of an academic award. 

 

Bursaries

Bursaries are awarded to students who demonstrate financial need in addition to other established criteria. 

 

Scholarships

Scholarships are awarded based on academic achievement in addition to other established criteria.