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Ryerson has joined a consortium of universities offering top students a major scholarship.

The Canadian Merit Scholarship Foundation’s (CMSF) premier scholarship is the Loran Award, a tuition grant and living stipend given to 30 young Canadians annually on the basis of character, service and leadership. Twenty-five universities across Canada are in partnership with the CMSF to offer the award for undergraduate study.

Ryerson was added to the group of universities because of its diverse and unique offering of programs.

"Ryerson University is honoured to be part of the Loran Award family of universities," said Alan Shepard, provost and vice president academic. "The scholarship is one of the country’s most substantive and it attracts talented young Canadians who are fully committed to learning about themselves, their disciplines and the world around them, values that are shared by the Ryerson academic community.”

CMSF, the first national organization in Canada to grant scholarships based on academic achievement, extracurricular activities and leadership potential, selects 30 graduating secondary students each year to receive an $8,000 living stipend matched by a tuition waiver. The grant is renewable for up to three years provided the recipient maintains a GPA of 3.3 and continues to exhibit the qualities of character, leadership and service on which the original award was based. A guaranteed spot in residence is also included.

Loran scholars may choose to apply to any university on the list of consortium partners, which includes McGill University, Dalhousie University, Queen’s University, and University of Western Ontario.

High school students with an average of 85 per cent or higher qualify for the Loran Award and will go through an application and interview process to be selected.

Currently there are 221 Loran scholars located across Canada, the U.S. and internationally. Ninety-three per cent of Loran scholars successfully complete their undergraduate studies and 40 per cent have gone on to professional or graduate degrees. Loran scholars have also been chosen as Rhodes scholars while others have been named Canada’s Top 40 Under 40 and WXN’s Top 100 Women in the young leaders category.