1. Financing Your Education March Break Open House 2016 Brenda Denomme & Maureen Jones Student Awards & Financial Aid

2. Agenda How much will university cost? How to pay? Scholarships Bursaries OSAP (Ontario Student Assistance Program) Student Contributions Family Contributions Private loans – Student lines of credit Important Websites

3. How much will it all cost? Projected costs for 8 months (one school year) Tuition and Compulsory Fees: Regular Program - $6,900 Engineering Coop - $16,642 Books and Supplies: $2,000+ Traditional Residence with required meal plan: $10,334+ Suite Style Residence with optional meal plan: $8,013+ Transportation, entertainment, phone etc: $3,000+ Total: $19,913 - $31,976

4. How to pay?

5. President’s & Merit Scholarships Admission Average ScholarshipAmount 95% or above President’s Scholarship of Distinction $2,000 Entrance Scholarship, PLUS a $1,500 International Experience Award**, or a $1,500 Research Award**, or both **available to claim after Year One, if student achieves a minimum 80% average. 90%-94.9% President’s Scholarship $2,000 Entrance Scholarship 85%-89.9%Merit Scholarship$1,000 Entrance Scholarship

6. Other Waterloo Scholarships Up to 1,500 additional entrance scholarships are awarded annually. Values range from $500 to $80,000 Most are one-time awards; some are paid out over 4 academic years, based on specified renewal criteria. Some are given to the top students in addition to the President’s or Merit Scholarships; some are given to students below 85%. Most scholarships do not require an application; exceptions are listed on the Find Out More website. Admission Information Form, Euclid Math Contest, etc Award decisions will be sent by letter or e-mail by mid-May. uwaterloo.ca/findoutmore/financing

7. External Scholarships Students are encouraged to seek other scholarship opportunities outside of the ones offered by the university. For example: High school guidance offices Local service organizations: e.g. Lion’s Club, Kiwanis, etc. Student’s workplace Employee dependent scholarship programs through parents’ workplace On-line scholarship catalogues or websites www.scholarshipscanada.com yconic.com www.univcan.ca

8. Scholarships after First Year Numerous undergraduate scholarships and awards for students beyond first year (upper-year). Many scholarships do not require an application as they are awarded to the top students in a program or Faculty. Some do require an application as they are based on a variety of criterion such as academics, achievements and/or leadership in extracurricular or volunteer activities, participation in international study or work experiences, etc. Undergraduate Awards Database: uwaterloo.ca/student-awards-financial-aid

9. Bursaries Entrance Bursaries - value - $500 to $4,000 Eligibility Ontario resident Financial need MUST apply for OSAP by June 15, 2016 Attending university/college for the first time in September 2016 Deadline to apply: April 15, 2016 Apply by logging into Quest or Quest mobile. You’ll find the Entrance Bursary link under Finances UW Bursaries – automatic and paper

10. OSAP Ontario Student Assistance Program Funded by Prov. & Fed. Governments Ontario Ministry of Training, Colleges & Universities Financial Aid Office Ontario Post- Secondary Institution National Student Loans Service Centre (NSLSC)

11. OSAP http://osap.gov.on.ca/ Canada Student Loan Program (Federal) Ontario Student Loan Program (Provincial) Canada Student Grants, Low Income, Middle Income Ontario Access Grants, 1 st year and 2 nd year Ontario Tuition Grant – currently $1,830 per year

12. Will OSAP cover all of my costs? Projected costs for 8 months: $19,913 - $31,976 Maximum OSAP for 8 months: $12,240 - $17,200* *Includes maximum loan funding, full CSG-LI, full OAG and OTG The OSAP program is designed to assist eligible students who do not have the resources to help meet the costs of post-secondary education.

13. Applying For OSAP Apply online - it’s free! 2016/17 application will be available in May website: osap.gov.on.ca Apply no later than recommended date of June 15 th No obligation estimate Signature pages and any required supporting documentation can be sent to FAO or uploaded through OSAP website Funds released starting in September

14. Student’s Contribution Summer or coop work-term savings (expected by OSAP) Part-time employment during study periods Work-Study for OSAP students Other on-campus or off –campus jobs

15. Family Contribution OSAP expects a Family Contribution based on income levels Savings & RESP Free room and board Planning Recalculate/reprioritize monthly family budget Refinance current loans

16. Appealing Your OSAP Assessment Yes - you can appeal OSAP Common Appeals: Student Contribution Appeals - unable to find a job Parents Lower Estimated Income for Current Taxation Year Parents Exceptional Expense Make an appointment to discuss your financial situation We are happy to help and to answer your questions

17. Personal loans or Student Line of Credit Major banks: TD Canada Trust, CIBC, Royal, Scotia and Bank of Montreal all offer Line of Credit Varying interest rates – usually 1% - 2% above prime Shop around for the best deal

18. Important Websites uwaterloo.ca/findoutmore osap.gov.on.ca safa.uwaterloo.ca canlearn.ca scholarshipscanada.com yconic.com www.univcan.ca

19. Questions?