Financing Your Education St. Theresa Of Lisieux Guidance Department Updated: January, 2015.
-
Upload
imogen-york -
Category
Documents
-
view
216 -
download
1
Transcript of Financing Your Education St. Theresa Of Lisieux Guidance Department Updated: January, 2015.
Financing Your Education
St. Theresa Of Lisieux Guidance Department
Updated: January, 2015
Your Education is one of the Largest Investments You Will Make
University tuition fees for full-time students,Physical and Life Science and Technology Programs in Canada
Province
2014-15 Undergraduate Tuition (per academic year)
Newfoundland and Labrador $2,631
Prince Edward Island $5,857
Nova Scotia $6,440
New Brunswick $6,324
Quebec$2,743
Ontario
Manitoba$3,887
Saskatchewan $6,659
Alberta $5,730
British Columbia $5,118
Source: Statistics Canada, Sept. 2014
$7,539
Tuition Differs By Faculty
Law School (1st Year) $18,075
Medicine (1st Year) $24,650
As of 2014-15
Faculty of Arts and Science $7,065
Commerce $16,784
Education $5,625
Nursing $7,117
Besides Tuition Fees…. You need somewhere to eat and live!
• Single Room and Meal Plan $12,737
• Double Room and Meal Plan $12,802
• Triple Room and Meal Plan $11,937
**taken from Queen’s University 2014-2015, for Undergraduate Students
How to Pay for All These Costs
• Personal Savings (RESP)
• Family Support (Savings Bonds, Personal savings accounts, GIC’s)
• Student Loans (Ontario Student Assistance Program)
• Scholarships/Bursaries
• Personal Loans
Program objective: to assist eligible students who do not have the resources to meet the costs of postsecondary education. The intention is to promote equality of opportunity for postsecondary studies by providing financial assistance for educational costs and basic living expenses.
Applying for OSAP
There are two methods to apply:
• Paper application: 39 pages, available for download online.
Or
• Online application
OSAP Deadlines
As long as you apply for OSAP within the first 45 days of starting classes, you may still receive funding for the ENTIRE study period.
If you apply when there is less than 60 days left in the study period, you will not be eligible for any funding.
Canada Access Grants for Students from Low-Income Families
Family Net Income Ceilings (2014 Loan Year)Canada Access Grants for Students from Low-Income Families (3)
Number of dependent children that parents have
(including applicant)
1 2 3
$36,555 $44,381 $50,337Parent’s Net Income
By Completing an OSAP application, you will automatically be considered to receive the Canada Access Grant
Scholarships and Bursaries• a sum of money or other aid granted to a
student, because of merit, need, etc., to pursue his or her studies in education.
• recipients may be determined by: Academics, extra-curricular activities, community involvement, leadership experience, physical disabilities, ethnic origins, religious affiliations, program of study, essay submission, p/t employment
Scholarship Applications• Some scholarships require a completed application form,
essay, reference letter, resume, and/or transcript.• Some scholarships do not require an application. For
example, admission scholarships are generally guaranteed for all applicants with an average >85% (or less).
• Some scholarships require Nomination by school principal (1 – 3 candidates per school)– Examples: U of T National Scholarship Program, Queen’s University
Chancellor Scholarship, or Loran Scholarship.
Admission Scholarships
• Awarded based on your final grade 12 average using your best SIX U or M marks
• Normally averages are rounded down. For example, if your average is 83.8%, for scholarship purposes it will be 83%
University Cut-off for Admission Scholarships
• Ryerson University– 80 – 84.9% $500 x 4 yrs = $2,000
– 85% - 89.9% $1000 x 4 yrs = $4,000
– 90% - 94.9% $2000 x 4 yrs = $8,000
– 95% + $4000 x 4 yrs = $16,000
University Cut-off for Admission Scholarships
• York University– 80% -84.9% $1,000– 85% - 89.9% $1,500– 90% -94.9% $2,500– 95% + $3,500/year = $14,000
University Cut-off for Admission Scholarships
• Western University– 88% - 89.9% $1,000– 90% - 94.9% $2,000– 95% + $2,500/year = $10,000
University Cut-off for Admission Scholarships
• U of Toronto – Mississauga vs Scarborough– 88 – 89.9% $1,000 $1,000
– 90% - 91.9% $1,500 $1,500
– 92% - 94.9% $2,000 $2,000
– 95% + $3,000 $3,000*
(renewable)
As with all OFFERS of Admission or
ScholarshipsConditional on
FINAL MARKS
• Guidance Office: White E-INFO binder, Bulletin Board in guidance office
• Guidance Webpage –– ‘Financing Your Education’– Scholarship Chart (updated regularly)
• Parent’s Workplace, Church, student (part/time) employers
• University/College websites• Internet sites: Electronic Info,
Another Website Worth a Visit
• Education Savings• Finding Post Secondary Programs/Career
Planning• Student Loans, Grants, & Scholarships• After Post Secondary Education• Continuing Education, Lifelong Learning
Miscellaneous
• Research, Research, Research!!!• Apply, Apply, Apply!!!• Proof-read applications/materials• Meet deadlines• Choose referees (teachers, coaches, employers)
who know YOU well• Give references plenty of time to complete their
piece. Provide them with a print-out about you.• Start a collection of portfolio and reference now!