Its for kids that attend school here. For every two years of school a child attends in the NWT, the government will pay a year tuition for them at most of the universities in Canada. That includes expenses and housing, plus plane tickets home and back on winter, spring, and summer break.
The only webcam I know of locally is the good ole CBC.
Linkedy link goodness But when I get back from a business trip in two weeks, I'll take a bunch of pics and post em up somewhere