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How am I going to afford it? |
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Banking Tips:Obviously, you're not going to be storing your money in a small jar in your room. You need to select a bank that best meets your needs. Of course the big question is how to pick the bank that will gauge you the least with service charges? Many banks offer special student packages. As well, most government loans go through certain banks. I've put together a list of Student services offered by the "big 5" banks in Canada: |
These days, going to university is not a cheap ordeal.
Thanks to our great governments, tuition has skyrocketed. If your parents
haven't been putting aside money for you, there are alternate sources
for funding. One of the main sources are scholarships. If you don't have
a 4.0 GPA, don't be discouraged. To begin your search for scholarships, you should start
very early. Make sure that you take note of all the particulars e.g. due
date, any supplementary information needed. There are many sources of
scholarships out there but you need to be prepared to research them. There
are numerous books out there and you can type scholarships into one of
the search engines, such as However, the best place to find scholarships is the universities/colleges that you plan to attend. You should check out the financial aid offices of the schools. Be sure to note the requirements. Some, scholarships you don't need to apply for, they automatically consider you when you are accepted. The more presitigious awards require application ahead of time, and this normally means before you know if you're admitted or not. These awards also usually require an essay of some sort and a couple of letters of references. Be sure to check out my links page because the one called 'Winning Scholarships' gives more tips on how to prepare yourself for the grueling process of applying for scholarships. Bursaries are also a great source of funding. These can be found in the same manner as scholarships. Mostly, these are based on financial need, community involvement and/or club affiliation. If you haven't won a scholarship or bursary, you can apply for student loans. There is a lot of information on Canada Student Loans but I'm too lazy to write them all out at the moment. If you're interested, just go to my page that has links to the provincial and federal ministries for student loans. If the government loans aren't enough, your last alternative is to borrow money from the banks. You should always leave this as a last resort because the interest rates are higher and the government is much more forgiving than banks.
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