1. $$$$$$$$$$$$$$$$$$$$$$$$

2. BUDGETING YOUR FIRST YEAR HOMERESIDENCEOFF-CAMPUS (RENTING) FANSHAWE $7,730$14,440$14,450 WESTERN $14,765$23,110$22,190

3.  The following information will help you to discuss your finances:  parents/spouses and students should determine in detail all realistic needs and available resources.  clearly decide which expenses you will be responsible for and which ones your parents/spouse will cover  for single students,  decide whether your parents will provide money in September/January or on a monthly basis.  establish if these funds will be put into a chequing/savings account or a cheque mailed to you monthly.  will you apply to live in residence or in off-campus housing?  will you live with your parents? Single students who live in the same city or town as the campus they are attending are expected to reside with their parents. The Ontario Student Assistance Program (OSAP) will not provide a living away allowance for you.  for all students,  will you need to apply for OSAP? a financial institution line of credit?

9. “Adding up the Investment” Fanshawe College, 2012 /13  Fanshawe College 2011/12 Home RentingResidence Tuition $3560+ Books and Supplies $1600+ Computer Related Expenses $500 Housing$0$4720$6710 (includes meal plan) Food$400$2400$400 Entertainment (34 weeks, $30 a week) $1020 Clothing$400 Misc. (trips home, medical, etc) $250$500 Total$7,730$14,450$14,440

10. Where the money comes from. $ Family Savings Bank Loans Gov’t Loans

11. Research Your Financial Plan Talk with your family. Visit the guidance office. Listen to morning announcements. Search online scholarships and bursaries. Search post secondary institutions’ websites and financial aid publications. Go to your local bank and discuss options.

12. Paying for Your Education  Part-time job  Education Savings  Bursaries (a cash award that is based primarily on financial need, but academic standing may also be considered)  Scholarships (academic achievement, volunteer work etc) Websites scholarshipscanada.com studentawards.com Many bursaries and scholarships go “unawarded” as students don’t apply

13. Paying For Your Education  Loans (borrowed funds that must be paid back, often with interest) Bank Loans OSAP – Ontario Student Assistance Program http://osap.gov.on.ca http://osap.gov.on.ca Listen to the announcements regarding financial aid information.

14. Plan Ahead

15. Free Money  Grants  Bursaries  Scholarships

21. Helpful Websites www.canlearn.ca http://osap.gov.ca www.scholarshipsCanada.com www.studentawards.com www.osca.ca

22. USE THE RESOURCES AT YOUR SCHOOL FINANCIAL AID OFFICES COUNSELLORS