RBC announces 20 recipients of RBC Future Launch Indigenous Youth Scholarships for 2022

The rising cost of education and declining high school graduation rates are barriers for Canadian Aboriginal students to post-secondary education or training.

TORONTO, June 15, 2022 /CNW/ – Today, RBC announced the 20 recipients of the RBC Future Launch Scholarship for Indigenous Youth for 2022, helping to reduce barriers to post-secondary education and training for young Indigenous Canadians .

Currently, only 44% of Indigenous youth (aged 18-24) have completed high school, compared to 88% for other Canadians1. Access to post-secondary education and training is often limited, creating a negative ripple effect for individuals and their communities, including income caps, reduced confidence, and the risk of this trend continuing. carry on to the next generation.

In the 2021-2022 academic year, Canadian students enrolled full-time in undergraduate programs paid 1.7% more than the previous year2 for their education.

“With unprecedented increases in the cost of living and education, we are proud to announce the 2022 cohort of RBC Future Launch Scholars for Indigenous Youth,” said Marc Beckles, Vice President, Social Impact and Innovation, RBC. “Designed in partnership with RBC Royal Eagles, RBC’s Indigenous employee resource group, this scholarship will unlock more specific resources for Indigenous students to come out of school with less debt and more opportunity.

Read the journey of Brendan Eshom and Annie Martel, 2022 Fellows on RBC Stories. See the full list of recipients. There are 20 recipients but 19 are listed. One individual requested anonymity.

Learn more about the scholarship: The RBC Future Launch Bursary for Aboriginal Youth has been awarded annually to Aboriginal youth since 1992 (formerly known as the RBC Aboriginal Student Bursary). To date, more than $1.9 million was awarded to 218 First Nations, Inuit and Métis Aboriginal youth.

  • Assigned to: First Nations, Inuit and Métis youth (15-29 years old) who self-identify as Canadian citizens or permanent residents and have applied Where are currently attending an accredited post-secondary institution
  • Scholarships available: 20 each year (rated up to $10,000 per year, up to four (4) years)
  • Funds for: Tuition fees and other academic/living expenses
  • Students who receive the scholarship will also have access to additional resources in the form of mentoring and internships/networking opportunities.

“I am honored to be part of the steering committee for the RBC Future Launch Scholarship for Aboriginal Youth. Aboriginal youth sometimes face barriers to success in the education system. so important,” said Wanda WuttuneeEditor-in-Chief, Journal of Aboriginal Economic Development and retired professor, University of Manitoba. “Education has been an invaluable key to my life’s work with students, and I commend RBC for embracing Indigenous achievement.

Young people can apply or be nominated by community partners for these scholarships. To learn more or view full eligibility criteria, visit: rbc.com/futurelaunchscholarships.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principle-driven approach to delivering industry-leading performance. Our success comes from the more than 89,000 employees who use their imaginations and ideas to bring our vision, values ​​and strategy to life so we can help our customers thrive and communities thrive. As from Canada largest bank and one of the largest in the world, based on market capitalization, we have a diverse business model focused on innovation and delivering exceptional experiences to our 17 million customers across Canada, the United States and 27 other countries. Learn more about rbc.com.

We are proud to support a wide range of community initiatives through donations, community investment and employee volunteer activities. See how at rbc.com/community-social-impact.

RBC SOURCE

For further information: Rachel MacLeod ([email protected]), Corporate Communications, RBC

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