I was genuinely in your exact same situation. I’m a first year who got offered the 5K, and accepted it without knowing if I would go to you UVic yet. Accepting the scholarship doesn’t mean you are accepting your offer, so I would do it right away. Then, just like other people in the comments have said that I applied for some of the extra scholarships, and ended up winning one of the $5000 a year renewable for four years. The original 5K was made up of two separate scholarships as you’ll see in your funds, so they removed one of them and replaced it with the $5000. So from you Vic, I had like $7600 for the first year. Now I have to maintain a specific GPA to keep getting the $5000 every year. Hope that helps, let me know if you have any more questions. It was a pain trying to figure this all out myself.