The city of Oshawa says it’s struck a deal with Trent University to set up a bursary fund for students in need.
The students must satisfy three requirements:
- They must live in Oshawa
- They must be enrolled at Trent’s Durham GTA campus in Oshawa
- They must demonstrate financial need
The ‘City of Oshawa Student Bursaries Endowment Fund’ will start being given out during the 2021-2022 academic year.
The fund consists of an initial $100,000 provided by the university. In exchange, the city will give a 0.15-acre property to the university.
The property is currently being leased, and Trent will add those revenues to the fund.
This is not the first parcel of land that the city has given to the school. In 2019, Oshawa granted a 1.85-acre plot for Trent to expand into.
The expansion involves a new six-story building at 75 Thornton Road South. The city says it will open this fall.
“Trent has been part of our great city for more than 40 years,” says Mayor Dan Carter in a statement. “This bursary fund provides more academic options for students studying and living right here in Oshawa.”
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