{"id":8901,"date":"2023-06-12T16:59:27","date_gmt":"2023-06-12T16:59:27","guid":{"rendered":""},"modified":"2023-08-02T16:36:26","modified_gmt":"2023-08-02T16:36:26","slug":"untapped-potential-scholarship-report","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/future-launch\/resource-type\/research-insights\/untapped-potential-scholarship-report","title":{"rendered":"Untapped Potential: Working Together to Open Doors to Opportunity Through Scholarships","raw":"Untapped Potential: Working Together to Open Doors to Opportunity Through Scholarships"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel section-cool-white pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner inner-section-cool-white pad-b-0 pad-t-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-a9b94dde-5f72-46d3-838b-5f6aae15cf0e\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-6 are-vertically-aligned-center default is-style-default mar-b-0 wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center mar-r mob-mar-r-0 mob-mar-b is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-vertical is-layout-flex is-style-default default wp-container-core-group-is-layout-fe9cc265 wp-block-group-is-layout-flex\">\t\t\t<div class=\"wp-block-rbc-post-taxonomies\">\n\t\t\t\t<div class=\"wp-block-post-terms article-post-tag\">\n\t\t\t\t\t\t\t\t\t\t\t<p>Research &amp; Insights<\/p>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\n<h2 class=\"h2 mar-t mob-mar-t-hlf mar-b mob-mar-b-hlf wp-block-post-title\">Untapped Potential: Working Together to Open Doors to Opportunity Through Scholarships<\/h2>\n\n\n<div class=\"wp-block-buttons is-vertical is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-0c39fd5e wp-block-buttons-is-layout-flex\"><div>\n<div class=\"wp-block-button is-style-primary primary btn before mob-mar-b-qtr\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2022\/09\/ENGLISH-RBC_Report-Final-June28-FINAL-ua.pdf\" data-dig-id=\"LP-Uncategorized-8901-003868de\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"button click\" data-dig-label=\"Read the Report-https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2022\/09\/ENGLISH-RBC_Report-Final-June28-FINAL-ua.pdf \">Read the Report<\/a><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><figure style=\"width:570px;height:375px;\" class=\"default is-style-rbc-future-launch-post wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"570\" height=\"375\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/RBC-570x375-Light.png?quality=80&amp;w=570\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Scholarship Caps\" style=\"height:375px;object-fit:cover;\" srcset=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/RBC-570x375-Light.png 570w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/RBC-570x375-Light.png?resize=300,197 300w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/figure><\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-4592abd1-4791-488d-b97b-5cf09fda096c\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mock-tabs section-tabs tabs-scroll has-sticky-behaviour\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-b-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-group is-style-mock-horizontal-tabs is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<p><a href=\"#anchor1\" data-dig-id=\"LP-Uncategorized-8901-c92694d5\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"link click\" data-dig-label=\"Introduction\" class=\"rbc-link-format\">Introduction<\/a><\/p>\n\n\n\n<p><a href=\"#anchor2\" data-dig-id=\"LP-Uncategorized-8901-a579fb54\" data-dig-label=\"Considering My Options\" data-dig-action=\"link click\" data-dig-category=\"LP-Uncategorized\" class=\"rbc-link-format\">What We Wanted to Understand&nbsp;&nbsp;<\/a><\/p>\n\n\n\n<p><a href=\"#anchor3\" data-dig-id=\"LP-Uncategorized-8901-1fd78b95\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"link click\" data-dig-label=\"What We Learned\" class=\"rbc-link-format\">What We Learned<\/a><\/p>\n\n\n\n<p><a href=\"#h-key-findings\" data-dig-id=\"LP-Uncategorized-8901-d0208fa1\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"link click\" data-dig-label=\"Highlighted Findings\" class=\"rbc-link-format\">Key Findings<\/a><\/p>\n\n\n\n<p><a href=\"#anchor4\" data-dig-id=\"LP-Uncategorized-8901-ad3a73b7\" data-dig-label=\"Join Us on Taking Action\" data-dig-action=\"link click\" data-dig-category=\"LP-Uncategorized\" class=\"rbc-link-format\">Join Us In Taking Action<\/a><\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-743c8b81-b0d3-475e-ad25-17416c12c2b4\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns mar-b-qtr is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mob-mar-b-hlf is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:770px\">\n<div class=\"wp-block-group mar-b has-cool-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns mar-t is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column pad-r-hlf is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-large is-resized pad-r-hlf is-style-default default\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/StudentScholarship-2.png?w=512\" alt=\"Graphic of a male and female student\" class=\"wp-image-8985\" width=\"512\" height=\"1024\" srcset=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/StudentScholarship-2.png 842w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/StudentScholarship-2.png?resize=150,300 150w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/StudentScholarship-2.png?resize=768,1536 768w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/StudentScholarship-2.png?resize=512,1024 512w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<h3 class=\"mar-b-hlf wp-block-heading\" id=\"h-why-we-wrote-this\">Why we wrote this<\/h3>\n\n\n\n<p class=\"mar-b-hlf\">For students seeking post-secondary education, the excitement felt when their acceptance letters arrive can often be overshadowed by other concerns. How will I pay for this? Where can I find help? Do I live at home or on campus? Can I even afford to go to school?&nbsp;<br><br>Scholarships can provide essential support to students by addressing barriers and opening doors of opportunity, preparing them for school and the rapidly changing future of work. But the scholarship landscape in Canada is fragmented, with no central, up-to-date information about what scholarships are available and who can access them.&nbsp;<br><br>That is why we are pleased to present <strong>Untapped Potential<\/strong>, research that explores the landscape of scholarships in Canada and opportunities for scholarship providers, post-secondary institutions, government, youth-serving organizations and individuals to better serve students as they transition out of high school and eventually into the job market.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse4e4117d9\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse4e4117d9\" data-dig-id=\"LP-Uncategorized-8901-4e4117d9\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Read More\"><div>Read More<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse4e4117d9\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>Through this report, we sought to understand what was working well and where improvements could be made \u2014 not just for RBC\u2019s offerings, but also for scholarships across Canada. The research and solution areas provided here will guide RBC Future Launch moving forward, and we hope that others who support youth during the challenging transition from high school to post-secondary education and into the labour market will join us in taking the actions outlined in this report. We know that prosperity for all Canadians is directly linked to our ability to prepare young people to succeed, and that addressing barriers for equity-deserving youth through scholarships is a key piece of that puzzle.&nbsp;<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<p id=\"anchor1\">Scholarships, bursaries and awards can be instrumental in helping young people finance their post-secondary education. And yet, in Canada, we have little knowledge of the collective impact of scholarships<sup><a href=\"#legal-1\" data-dig-id=\"LP-Uncategorized-8901-85f8e035\" data-dig-label=\"1\" data-dig-action=\"link click\" data-dig-category=\"LP-Uncategorized\" class=\"rbc-link-format\">1<\/a><\/sup> and the roles they play. <br><br>We know a post-secondary credential increases an individual\u2019s earning potential in the long run and is good for our economy. However, certain groups of young people consistently face barriers accessing these funds and are underrepresented in higher education.<br><br>We need to ensure <em>all <\/em>young people can pursue post-secondary education, that they have the means to finance it, and can more easily transition to the job market. While scholarships can\u2019t solve this problem in isolation, they could play a larger and more impactful role, ensuring all young people have the support they need in accessing post-secondary education and transitioning to the labour market. &nbsp;<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-c6cba3b6-037b-43af-b361-977f49985819\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"mar-b-hlf has-rbc-bright-blue-color has-text-color wp-block-heading\" id=\"anchor2\">What we wanted to understand<\/h2>\n\n\n\n<p class=\"mar-b\">One under-explored tool in creating paths to opportunity are scholarships. How can scholarships better support these pathways and in turn, foster a stronger future workforce? This is what we endeavoured to answer through a year-long study on the scholarship ecosystem in Canada. <\/p>\n\n\n\n<div class=\"wp-block-group mar-b has-rbc-bright-blue-tint-4-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"mar-b mar-t-hlf wp-block-heading\">We wanted to understand:<\/h3>\n\n\n\n<ul class=\"wp-block-rbc-list  mar-b-hlf\">\n<li class=\"wp-block-rbc-list-item\">\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>What is the <strong><a href=\"http:\/\/www.culturefoundrystudios.com\/partnerships\/untapped-potential\" data-dig-id=\"LP-Uncategorized-8901-79ebc050\" data-dig-label=\"student2 experience\" data-dig-action=\"link click\" data-dig-category=\"LP-Uncategorized\" class=\"rbc-link-format\">student<sup>2<\/sup> expe<\/a><a href=\"http:\/\/www.culturefoundrystudios.com\/partnerships\/untapped-potential\" target=\"_blank\" data-dig-id=\"LP-Uncategorized-8901-79ebc050\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"link click\" data-dig-label=\"student2 experience\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">r<\/a><a href=\"http:\/\/www.culturefoundrystudios.com\/partnerships\/untapped-potential\" data-dig-id=\"LP-Uncategorized-8901-79ebc050\" data-dig-label=\"student2 experience\" data-dig-action=\"link click\" data-dig-category=\"LP-Uncategorized\" class=\"rbc-link-format\">ience<\/a><\/strong> in navigating, applying for and accessing scholarships?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>How do scholarships support the student journey into and out of post-secondary education?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>What solutions exist to make scholarships more accessible to underrepresented students on their path to post-secondary and into the job market?<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"mar-b-hlf\">What can institutions, scholarship providers, government, student-supporting organizations (the scholarship ecosystem) do to improve the creation, delivery and impact of scholarships<strong> <\/strong>\u2014 in particular for underrepresented students?<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n\n\n\n<p class=\"mar-b\">Canada can\u2019t move forward as a globally competitive country without a skilled and inclusive workforce that welcomes and values youth. For this to happen, we need to build stronger and more coordinated launchpads to opportunity for <em>all <\/em>young people. This is both a social and an economic imperative, as Canada\u2019s future prosperity depends on the skills and talents of youth. This means exploring different avenues for opportunities, from high school to post-secondary to the world of work.<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"mob-mar-b\">This path underpins where and how the RBC Foundation invests in young people. Through <a href=\"http:\/\/rbc.com\/futurelaunch\" data-dig-id=\"LP-Uncategorized-8901-43637641\" data-dig-label=\"RBC Future Launch\" data-dig-action=\"link click\" data-dig-category=\"LP-Uncategorized\" class=\"rbc-link-format\">RBC Future Launch<\/a>, RBC has committed to providing $500 million to help Canadian youth access meaningful employment through work experience, skill-development opportunities, networking solutions, and mental well-being supports and services &#8211; including scholarships.<\/p>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-1ceaa0d4-a731-45ad-b364-70ce920f5c17\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"has-text-align-left mar-b mob-mar-b-hlf has-rbc-bright-blue-color has-text-color has-large-font-size wp-block-heading\" id=\"anchor3\">What we learned<strong>&nbsp;<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group mar-b is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr mar-l mar-r-hlf\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-search.svg\" alt=\"icons\/icon-search\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf has-black-color has-text-color\"><strong>The scholarship ecosystem is vast and complex. <\/strong>It\u2019s difficult for young people to navigate and creates even more barriers for underrepresented students&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr mar-l mar-r-hlf\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-secure.svg\" alt=\"icons\/icon-secure\" \/><\/div>\n\n\n\n<p class=\"has-black-tint-color has-text-color\"><strong><strong>We have a data problem in Canada. <\/strong><\/strong>There is no single source to assess and understand the value and range of scholarships available, or what is accessible to students<strong>&nbsp;<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr mar-l mar-r-hlf\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-calendar-regular.svg\" alt=\"icons\/icon-calendar-regular\" \/><\/div>\n\n\n\n<p class=\"has-black-tint-color has-text-color\"><strong>The application process can be time-consuming, invasive and harmful. <\/strong>Young people are often asked to focus on hardships instead of their strengths, assets and aspirations for the future<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b has-white-color has-text-color is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr mar-l mar-r-hlf\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-give-money.svg\" alt=\"icons\/icon-give-money\" \/><\/div>\n\n\n\n<p class=\"has-black-tint-color has-text-color\"><strong>Students, and their caregivers, have little or no guidance <\/strong>on <strong>how a scholarship may impact their government student financial aid <\/strong>(i.e., it may be clawed back). They also are unaware of how much money is available through the scholarships they may apply to<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b has-white-color has-text-color is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr mar-l mar-r-hlf\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-forms.svg\" alt=\"icons\/icon-forms\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf has-black-tint-color has-text-color\"><strong><strong>The award or scholarship criteria is often narrow. <\/strong><\/strong>We need to reimagine how we assess merit and reflect upon who is included and who is left behind<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b has-white-color has-text-color is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr mar-l mar-r-hlf\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-handshake.svg\" alt=\"icons\/icon-handshake\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf has-black-tint-color has-text-color\"><strong><strong>Scholarships are about more than financial support. <\/strong><\/strong>The confidence boost that students feel by knowing someone believes in them, along with non-financial supports (i.e., mentorship, system guidance, networking) can have a positive and lasting impact&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b has-white-color has-text-color is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block mar-l mar-r-hlf pad-r-hlf\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-heart.svg\" alt=\"icons\/icon-heart\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf has-black-tint-color has-text-color\"><strong><strong>Promising practices need to be celebrated, amplified and replicated. <\/strong><\/strong>A growing number of scholarship programs in Canada are taking a more holistic approach beyond financial support, but more providers need to do the same&nbsp;&nbsp;<\/p>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-59aa5407-3083-4f74-bd95-8fd822d173b5\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-group mar-b-dbl has-rbc-bright-blue-tint-4-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"mar-t mar-b has-rbc-bright-blue-color has-text-color wp-block-heading\" id=\"h-key-findings\">Key findings<\/h2>\n\n\n\n<p class=\"mar-b\">Scholarships, bursaries and awards represent millions of dollars of financial support provided through post-secondary institutions, and other non-governmental actors such as scholarship providers and community service providers. Though scholarships are about more than just financial support.<strong> <\/strong>The confidence boost that students feel by knowing someone believes in them, along with non-financial supports (i.e., mentorship, system guidance, networking) can have a positive and lasting impact. A growing number of scholarship programs in Canada are taking a more holistic approach beyond financial support, but more providers need to do the same. Figure 1 below shows a theoretical hierarchy of the support provided by scholarships from least to most comprehensive.<\/p>\n\n\n\n<h6 class=\"has-text-align-center wp-block-heading\" id=\"h-figure-1-flexibility-programming-and-length-of-time-can-increase-the-impact-of-scholarships\" style=\"text-transform:none\">Figure 1: Flexibility, programming and length of time can increase the impact of scholarships<\/h6>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-4.png?w=1024\" alt=\"Graphic explaining the flexibility, programming and length of time can increase the impact of scholarships\" class=\"wp-image-8958\" srcset=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-4.png 1024w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-4.png?resize=300,225 300w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-4.png?resize=768,576 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"mar-b\">However, the scholarship ecosystem is vast and complex. It\u2019s difficult for young people to navigate and it creates even more barriers for under-represented students. There is no single source to assess and understand the value and range of scholarships available, or what is accessible to students. Students, and their caregivers, have little or no guidance on how a scholarship may impact their government student financial aid (i.e., it may be clawed back). They also are unaware of how much money is available through the scholarships they may apply to.\u00a0Figure 2 looks at the landscape of scholarships through a student\u2019s eyes. Almost half (44%) of scholarship listings in our two reviews had no value assigned to them. If students don\u2019t know the amount available to them it makes it difficult to plan and budget or to understand if it\u2019s even worth applying.<\/p>\n\n\n\n<h6 class=\"has-text-align-center wp-block-heading\" id=\"h-figure-2-nearly-half-of-scholarships-don-t-communicate-how-much-funding-is-available\">Figure 2: Nearly half of scholarships don&#8217;t communicate how much funding is available. <\/h6>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-8.png?w=1024\" alt=\"Graph indicating nearly half of scholarships don't communicate how much funding is available. \" class=\"wp-image-8959\" srcset=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-8.png 1024w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-8.png?resize=300,225 300w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-8.png?resize=768,576 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-style-default default mar-b\"><a href=\"https:\/\/www.culturefoundrystudios.com\/partnerships\/untapped-potential\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"695\" height=\"195\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/rbc-banner-695x195-1.png\" alt=\"Untapped potential Student Journey\" class=\"wp-image-9130\" srcset=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/rbc-banner-695x195-1.png 695w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/rbc-banner-695x195-1.png?resize=300,84 300w\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" \/><\/a><\/figure>\n\n\n\n<p class=\"mar-b\">Canadian scholarships are also often missing the mark on merit. The award or scholarship criteria is often narrow. The stringent criteria for viewing merit through the lens of grades and sometimes extra-curricular participation has meant that only a narrow slice of talented youth are viewed as \u201cworthy\u201d of scholarships. In addition, the application process can be time-consuming, invasive and harmful. Young people are often asked to focus on hardships instead of their strengths, assets, and aspirations for the future. We need to reimagine how we assess merit and reflect upon who is included and who is left behind. In Figure 3, reviews of scholarships from the perspective of a student noted that the vast majority of scholarships were academic or extra-curricular.<\/p>\n\n\n\n<h6 class=\"has-text-align-center mar-b-hlf wp-block-heading\" id=\"h-figure-3-from-a-student-perspective-most-merit-based-scholarships-are-academic-based-on-merit-and-merit-financial-need-hybrids\">Figure 3: From a student perspective, most merit-based scholarships are academic (based on merit and merit-financial need hybrids)<\/h6>\n\n\n\n<figure class=\"wp-block-image size-large  mar-b\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-6.png?w=1024\" alt=\"Graphic explaining, from a student perspective, most merit-based scholarships are academic\" class=\"wp-image-8960\" srcset=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-6.png 1024w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-6.png?resize=300,225 300w, https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/06\/Figure-6.png?resize=768,576 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n\n<h2 class=\"mar-b-hlf has-rbc-bright-blue-color has-text-color wp-block-heading\" id=\"anchor4\">Join us in taking action<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"pad-b\">Canada has robust and world-leading public systems of post-secondary education. These systems and their students require growing, sustained, and coordinated government investment to thrive, along with the philanthropic initiatives that also play a role in contributing to a thriving post-secondary education sector. These investments are not only required for the well-being and success of individual students, but for the well-being and success of all of Canada.<br><br>Funded by multiple public and private sources, scholarships can and do support students who face obstacles in their path to success \u2014 though in their current state that impact is limited at a systems-level. By scaling promising practices and reconsidering how awards work together, interacting with government student financial aid and support programs, there is an opportunity to make a big difference. Taken collectively, the scholarship ecosystem matters to the future of youth in Canada and to our economy.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b mob-mar-b-hlf has-border-color has-rbc-bright-blue-border-color has-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\" style=\"border-width:1px\">\n<h3 class=\"mar-t mar-b-hlf wp-block-heading\" id=\"h-we-need-to-take-collective-action-to-ensure-scholarships-are-as-effective-as-possible\">We need to take collective action to ensure scholarships are as effective as possible.<\/h3>\n\n\n\n<p class=\"pad-b\">We have identified solution areas in this report and call on post-secondary education stakeholders to reflect on how they can contribute to change. As a collective, we need to work together to:<\/p>\n\n\n\n<div class=\"wp-block-group mar-b is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group mar-b-hlf is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-number-1.svg\" alt=\"icons\/icon-number-1\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf\"><strong><strong>Acknowledge and better recognize student perspectives<\/strong><\/strong> and barriers when designing and delivering scholarships.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<p><\/p>\n<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible pad-l-dbl\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse42125302\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse42125302\" data-dig-id=\"LP-Uncategorized-8901-42125302\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"What scholarship providers should do\"><div>What scholarship providers should do<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse42125302\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Rethink how we assess and understand merit<\/strong> throughout the entire scholarship process and implement best practices for assessment based on a holistic definition that values the merit of under-represented students<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Refocus automatic entrance scholarships<\/strong> at post-secondary institutions to factor in need and unique barriers<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Seek to integrate non-financial and programmatic support<\/strong> into scholarship programs \u2014 such as matching students with mentors, helping them navigate the post-secondary transition, and providing them with access to a peer support network<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Consider<\/strong> <strong>expanding eligibility for work-related programs, <\/strong>such as micro-credentials, work-integrated learning, and other industry training opportunities<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group pad-b is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group mar-b-hlf is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-number-2.svg\" alt=\"icons\/icon-number-2\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf\"><strong><strong><strong>Improve transparency and clarity for young people navigating the scholarship ecosystem.<\/strong>&nbsp;<\/strong><\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<p><\/p>\n<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible pad-l-dbl\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse01d259b9\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse01d259b9\" data-dig-id=\"LP-Uncategorized-8901-01d259b9\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"What post-secondary education stakeholders should do\"><div>What post-secondary education stakeholders should do<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse01d259b9\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\"><\/div>\n\n\n\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Provide information and supports on scholarships earlier in the student journey, well before grade 12<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Equip young people with<strong> <strong>better tools, resources and guidance<\/strong> <\/strong>on how to navigate and apply for scholarships\/financial support<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group mar-b is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group mar-b-hlf is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-number-3.svg\" alt=\"icons\/icon-number-3\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf\"><strong><strong><strong><strong>Continue to build more inclusive practices.<\/strong> <\/strong><\/strong><\/strong>Expand scholarships to young people who are consistently under-represented in post-secondary education. Scholarship providers should: &nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<p><\/p>\n<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible pad-l-dbl\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse29f6c138\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse29f6c138\" data-dig-id=\"LP-Uncategorized-8901-29f6c138\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"What scholarship providers should do\"><div>What scholarship providers should do<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse29f6c138\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Undertake an equity audit<\/strong> of the application process, examining their review and assessment process, taking into consideration unconscious bias and potential roadblocks; and consider anti-bias training for staff and reviewers<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Collect better and more accessible data <\/strong>on the value, use and application of scholarships and <em>who<\/em> receives them<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Celebrate student strengths <\/strong>and utilize an asset-based framework in scholarship criteria and the overall application process<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group pad-b is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group mar-b-hlf is-nowrap is-layout-flex wp-container-core-group-is-layout-6c531013 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-rbc-icon-block pad-r-hlf mob-pad-r-qtr\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-40\" src=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-number-4.svg\" alt=\"icons\/icon-number-4\" \/><\/div>\n\n\n\n<p class=\"mar-b-hlf\"><strong><strong><strong><strong><strong>Maximize the collective impact of scholarships <\/strong><\/strong><\/strong><\/strong><\/strong>and create more opportunities for collaboration and learning between providers.<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<p><\/p>\n<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible  pad-l-dbl\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse2c8f112c\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse2c8f112c\" data-dig-id=\"LP-Uncategorized-8901-2c8f112c\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"What all stakeholders should do\"><div>What all stakeholders should do<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse2c8f112c\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<ul class=\"wp-block-rbc-list\">\n<li class=\"wp-block-rbc-list-item\">\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong><strong>Expand and strengthen existing networks of Canadian scholarship providers <\/strong><\/strong>through dedicated operational support<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong><strong>Evaluate the impact of their scholarships<\/strong> <\/strong>and collect more data around distribution, uptake and application rates of scholarships \u2014 and consider how to centralize and share this data as a sector<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Work together to<strong> <strong>provide young people, and service providers, with a one-stop shop on available scholarships<\/strong> <\/strong>\u2013 maintained with current and consistent data on value, duration and the application process<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Make the criteria for <strong>student financial aid clawbacks of scholarships more transparent<\/strong> and assess their intention and design<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<p>As a funder of organizations who support youth and as a scholarship provider, <strong><a href=\"http:\/\/www.rbc.com\/futurelaunch\" data-dig-id=\"LP-Uncategorized-8901-8b702e4d\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"link click\" data-dig-label=\"RBC Future Launch\" class=\"rbc-link-format\">RBC Future Launch<\/a><\/strong> commits to implementing the calls to action in this report in the near and long term and to sharing the findings and recommendations with key post-secondary education stakeholders including other scholarship providers, youth-serving organizations, post-secondary institutions, career counselors\/educators, and government actors.<br><br>But we cannot do this alone. We all have a stake in empowering the youth of today for the jobs of tomorrow. Scholarship providers, post-secondary institutions, governments, youth-serving organizations and individuals need to take collective action to ensure scholarships, bursaries and awards are as effective as possible.<br><br>Scholarships can be much more instrumental in helping young people finance their post-secondary education and support their growing needs. This report can serve as a clarion call for all of us to uncover the untapped potential of scholarships to better support our youth. Together, we can make a difference for all young people through scholarships.<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\">\t\n\t<div class=\"wp-block-tk-spacer id-f8304ef2-2ef4-4c1d-b6ca-35470b948ebe\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-group mar-l-dbl mob-mar-l-dbl has-rbc-bright-blue-tint-4-background-color has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-radius:10px\">\n<h2 class=\"wp-block-heading\" id=\"h-help-open-doors-for-young-people-through-scholarships\" style=\"margin-top:60px;margin-bottom:31px\">Help open doors for young people through scholarships<\/h2>\n\n\n\n<p class=\"has-text-lg-font-size\">Contribute to their social and economic outcomes and help Canada prosper.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-vertical is-layout-flex wp-container-core-buttons-is-layout-a0981f3f wp-block-buttons-is-layout-flex\" style=\"margin-top:16px;margin-bottom:56px\"><div>\n<div class=\"wp-block-button is-style-primary primary btn before mar-l-hlf mob-mar-l-hlf\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2022\/09\/ENGLISH-RBC_Report-Final-June28-FINAL-ua.pdf\" data-dig-id=\"LP-Uncategorized-8901-65416210\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"button click\" data-dig-label=\"Read the Report-https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2022\/09\/ENGLISH-RBC_Report-Final-June28-FINAL-ua.pdf \">Read the Report<\/a><\/div>\n\n\n\n<div class=\"wp-block-button btn before mar-t-qtr mar-l-hlf mob-mar-l-hlf is-style-tertiary tertiary\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2022\/09\/RBC-TA-June28-ENGLISH-FINAL-ua.pdf\" data-dig-id=\"LP-Uncategorized-8901-878fc885\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"button click\" data-dig-label=\"Read the Technical Appendix-https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2022\/09\/RBC-TA-June28-ENGLISH-FINAL-ua.pdf \">Read the Technical Appendix<\/a><\/div>\n\n\n\n<div class=\"wp-block-button btn mob-mar-l-hlf before mar-l-hlf mar-t-qtr is-style-tertiary tertiary\"><a class=\"wp-block-button__link wp-element-button\" href=\"http:\/\/www.culturefoundrystudios.com\/partnerships\/untapped-potential\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-Uncategorized-8901-878fc885\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"button click\" data-dig-label=\"Explore the Student Journey of Scholarships-http:\/\/www.culturefoundrystudios.com\/partnerships\/untapped-potential \">Explore the Student Journey of Scholarships<\/a><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-rbc-legal-collapsible disclaimer\" aria-label=\"Legal Disclaimers\"><div class=\"section-inner\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapseDisclaimer\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapseDisclaimer\" data-dig-id=\"LP-Uncategorized-8901-a760297e\" data-dig-category=\"LP-Uncategorized\" data-dig-action=\"legal close\" data-dig-label=\"legal close\" action-closed=\"legal close\" action-opened=\"legal open\" label-close=\"legal open\" label-open=\"legal close\"><span>View References<\/span><span>Hide References<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapseDisclaimer\"><div class=\"collapse-inner\"><div class=\"table-wpr\">\n<div class=\"wp-block-rbc-rbc-disclaimer-block\"><div class=\"table-row\" id=\"legal-1\"><div class=\"table-cell\"><span class=\"offscreen\">Legal Disclaimer<\/span><sup>1<\/sup><\/div><div class=\"table-cell\">\n<p>In this report, the primary focus is on scholarships, and the term \u2018scholarships\u2019 is used to denote scholarships, bursaries, and awards unless otherwise noted.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-disclaimer-block\"><div class=\"table-row\" id=\"legal-2\"><div class=\"table-cell\"><span class=\"offscreen\">Legal Disclaimer<\/span><sup>2<\/sup><\/div><div class=\"table-cell\">\n<p>For this study, we focused on the undergraduate domestic student experience.<\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div><\/div><\/section>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:370px\">\n<p class=\"mar-b mob-mar-b-hlf\"><em>A collaboration with CultureFoundry Studios and Medow Consulting<\/em><\/p>\n\n\n\n<p class=\"h4 mar-b-hlf\">Share This Article<\/p>\n\n\n\n\n\n<p class=\"h4 mar-b mar-t-0\">Related Resources<\/p>\n\n\n\n<div class=\"wp-block-rbc-related-resources\">\t\t\t\t<a class=\"related-resources-single-card\" href=\"https:\/\/www.rbc.com\/dms\/enterprise\/scholarships.html\" target=\"http:\/\/_self\">\n\t\t\t\t\t<div class=\"related-resources-flex-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"related-resources-featured-image-container\"\n\t\t\t\t\t\t\t\tstyle=\"background-image:url('https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/03\/overall-scholarships_callout-1.d93e31fb.png?quality=80&#038;w=375)\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t<p class=\"related-resource-card-title mar-b-hlf truncate-third-line\">The RBC Future Launch Scholarship<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"related-resource-card-excerpt\">Forget everything you know about scholarships&#8230;.<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t\n\n\t\t\t\t<a class=\"related-resources-single-card\" href=\"https:\/\/www.rbc.com\/dms\/enterprise\/scholarships.html\" target=\"http:\/\/_self\">\n\t\t\t\t\t<div class=\"related-resources-flex-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"related-resources-featured-image-container\"\n\t\t\t\t\t\t\t\tstyle=\"background-image:url('https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2024\/06\/Z72_8726_blur_7666d1-e1718047467864.jpg?quality=80&#038;w=1024)\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t<p class=\"related-resource-card-title mar-b-hlf truncate-third-line\">RBC Future Launch Scholarship for Indigenous Youth<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"related-resource-card-excerpt\">The RBC Future Launch Scholarship for Indigenous&#8230;<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t\n\n\t\t\t\t<a class=\"related-resources-single-card\" href=\"https:\/\/www.rbc.com\/dms\/enterprise\/scholarships.html\" target=\"http:\/\/_self\">\n\t\t\t\t\t<div class=\"related-resources-flex-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"related-resources-featured-image-container\"\n\t\t\t\t\t\t\t\tstyle=\"background-image:url('https:\/\/www.rbc.com\/en\/future-launch\/wp-content\/uploads\/sites\/9\/2023\/02\/Stocksy_txp7d78fb42PRB300_Large_978983.jpg?quality=80&#038;w=1024)\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t<p class=\"related-resource-card-title mar-b-hlf truncate-third-line\">RBC Future Launch Scholarship for Black Youth<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"related-resource-card-excerpt\">Discover a wide range of innovative, impactful and&#8230;<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-f6a1fb92-0328-418f-818d-d0fa78d99f5f\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-a9b94dde-5f72-46d3-838b-5f6aae15cf0e {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) 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