Financial Aid

1
Financial Aid

• Ken McLellan
• Manager Financial Aid
• Jennifer Mercer
• Student Awards Coordinator
• Natalie Tulloch
• Student Awards Clerk

2
OSAP

• Pick up 1st installment of loan in September
  -bring social insurance card and photo id
• Confirm income when loans picked up
• Bring bank account information to process loan

3
Scholarships

• Majority of scholarships are paid in January
• Cannot apply amount to first term tuition (with
  exception of Presidents Scholarships and
  Chancellors Awards)

4
Tuition Assistance Bursaries

• Bursary will be applied automatically to tuition
  in September

5
Bursaries

• when you cant quite balance
• your budget
• Need based funds
• Must demonstrate financial need through a budget
• Applications available late September due
  November 1st
• Expected to explore other alternatives such as
  part time employment, cost cutting, bank loans,
  etc.

6
Ontario Work Study/Nipwork

• Part time employment on campus
• Must first apply for eligibility (based on need)
• Must have applied for OSAP

7
Alternative Funding

• Bank student loans/lines of credit
• Require co-signor (usually parents)
• Shop around interest rates, stack on OSAP?,
  similar repayment options?
• Interest only payments while a student

• External Awards
• Search web for external awards contact
  parents employers, local service organizations

8
What will it cost?
9
Whats due when?

• 200 deposit on tuition is due today (payable by
  cash, cheque or debit card)
• View account details on the web but fees
  displayed wont reflect residence charges until
  rooms are assigned in August
• By September 17, 50 of tuition plus full
  incidental fees and installment fee of 40 are
  due
• By January 14, the balance (50 of tuition) is
  due
• please visit the Finance Office in Room F216

10
Whats due when (contd)

• Nothing further due today for Residence, provided
  300 deposit has been paid
• T2202 forms for income tax are issued in
  February, for the CALENDAR year (so only 50 of
  the fees and 4 months of education deduction
  (400/mo.) are recognized)
• See academic calendar for tuition refund schedule