RBC announces 20 RBC Future Launch Indigenous Youth Scholarship recipients for 2022

RBC announced 20 RBC Future Launch Indigenous Youth Scholarship recipients for 2022, helping reduce the barriers to post-secondary education and training for Canadian Indigenous youth.

Currently only 44% of Indigenous youth (age 18-24) have completed high school, compared to 88% for other Canadians. Access to post-secondary education and training is often limited, creating a negative ripple effect for individuals and their communities, including income ceilings, decreased confidence as well as the risk of this pattern continuing to the next generation.

During the 2021/22 school 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 Scholarship for Indigenous Youth recipients," said Mark Beckles, Vice-President, Social Impact & 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 so they come out of school with less debt and more opportunity."

More about the Scholarship: RBC Future Launch Scholarship for Indigenous Youth has been awarded to Indigenous youth each year since 1992 (Previously known as the RBC Indigenous Student Award). To date, more than $1.9 million has been awarded to 218 Indigenous youth from First Nations, Inuit, and Métis backgrounds.

Awarded To: Self-identifying First Nations, Inuit and Métis youth (15-29) who are Canadian citizens or permanent residents and have applied to or are currently attending an accredited post-secondary institution

Scholarships Available: 20 each year (valued at up to $10,000 per year, for up to four (4) years

Funds For: Tuition and other academic/life expenses Students awarded the scholarship will also receive access to additional resources in the form of mentorship and internship/networking opportunities.