Student Services

TIPS FOR FINANCING YOUR EDUCATION

Samples available on most post-secondary institution websites
Calculate how much each year at school will cost
Deduct any savings, parental contributions, & any other form of guaranteed money to determine actual costs and what you will need to find (through working, borrowing, grants, scholarships, etc.)

In Ontario, OSAP (Ontario Student Assistance Program) is intended to supplement (not replace) the financial resources that you and your family are expected to contribute to your post-secondary education
Full-time students may be eligible to receive an integrated student loan through the Government of Canada and the Province of Ontario
In addition, access grants as much as $6000.00 or full tuition are available to students from low-income families
Eligibility to be determined through the information you provide on the regular OSAP application form
OSAP works in partnership with the financial aid offices at Ontario universities & colleges
As a general guide, the maximum amount you can receive during full-time study is $12,240 (up to $19,040 for students with disabilities or dependents)
Apply online or download an application form at http://osap.gov.on.ca

For students who have serious financial concerns, it may be advantageous to begin school on a part-time basis
You can work during the day & take courses during the evening
After a year or two, you may have enough money to return to school full-time or you may continue part-time status until you graduate
If proximity to a school is an issue, students can investigate those school which may offer Distance Education Courses through the mail or internet

Almost 93% of students who attend post-secondary schools in Canada need to work part-time (including summers) in order to finance their education
Universities & colleges often have on-campus part-time jobs so you don't have to waste traveling time to and from work

Talk to your high school guidance counselor about your financial needs & to learn about all forms of grants, awards and scholarships

Living at home or with a relative can substantially cut down on costs; or look into living off- campus (you can prepare meals)

Look for discounts; purchase used books; learn to say "NO" if you can't afford it; lower cell phone charges by using e-mail; use cash instead of credit cards