$$$$$$$$$$$$$$$$$$$$$$$$. BUDGETING YOUR FIRST YEAR HOMERESIDENCEOFF-CAMPUS (RENTING) FANSHAWE...

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$$$$$$$$$$$$$$$$$$$$$$$$ Financial Planning College/University Presentation 2014- 15

Transcript of $$$$$$$$$$$$$$$$$$$$$$$$. BUDGETING YOUR FIRST YEAR HOMERESIDENCEOFF-CAMPUS (RENTING) FANSHAWE...

Page 1: $$$$$$$$$$$$$$$$$$$$$$$$. BUDGETING YOUR FIRST YEAR HOMERESIDENCEOFF-CAMPUS (RENTING) FANSHAWE $7,730$14,440$14,450 WESTERN $14,765$23,110$22,190.

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Financial Planning College/University Presentation 2014-

15

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BUDGETING YOUR FIRST YEAR

HOME RESIDENCE OFF-CAMPUS(RENTING)

FANSHAWE $7,730 $14,440 $14,450

WESTERN $14,765 $23,110 $22,190

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 The following information will help you to discuss your finances:

parents/spouses and students should determine in detail all realistic needs and available resources.

clearly decide which expenses you will be responsible for and which ones your parents/spouse will cover

for single students, decide whether your parents will provide money in September/January or on a monthly

basis.

establish if these funds will be put into a chequing/savings account or a cheque mailed to you monthly.

will you apply to live in residence or in off-campus housing?

will you live with your parents? Single students who live in the same city or town as the campus they are attending are expected to reside with their parents. The Ontario Student Assistance Program (OSAP) will not provide a living away allowance for you.

for all students, will you need to apply for OSAP? a financial institution line of credit?

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“Adding up the Investment” Fanshawe College, 2012 /13

Fanshawe College 2011/12

  Home Renting Residence

Tuition $3560+ $3560+ $3560+

Books and Supplies

$1600+ $1600+ $1600+

Computer Related Expenses

$500 $500 $500

Housing $0 $4720 $6710 (includes meal plan)

Food $400 $2400 $400

Entertainment (34 weeks, $30 a week)

$1020 $1020 $1020

Clothing $400 $400 $400

Misc. (trips home, medical, etc)

$250 $500 $500

Total $7,730 $14,450 $14,440

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Where the money comes from.

$

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Research Your Financial Plan

Talk with your family.

Visit the guidance office.

Listen to morning announcements.

Search online scholarships and bursaries.

Search post secondary institutions’ websites and financial aid publications.

Go to your local bank and discuss options.

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Paying for Your Education Part-time job

Education Savings

Bursaries (a cash award that is based primarily on financial need, but academic standing may also be considered)

Scholarships (academic achievement, volunteer work etc)

Websites

scholarshipscanada.com

studentawards.com

Many bursaries and scholarships go “unawarded” as

students don’t apply

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Paying For Your Education Loans (borrowed funds that must be paid back, often with interest)

Bank Loans

OSAP – Ontario Student Assistance Program http://osap.gov.on.ca

Listen to the announcements regarding financial aid information.

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Plan Ahead

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Free Money

Grants

Bursaries

Scholarships

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Helpful Websiteswww.canlearn.ca

http://osap.gov.ca

www.scholarshipsCanada.com

www.studentawards.com

www.osca.ca

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USE THE RESOURCES AT YOUR SCHOOL

FINANCIAL AID OFFICES

COUNSELLORS

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