Money Matters

A post-secondary education can be a very expensive undertaking.  For example, if you plan to attend college your tuition costs may range from $8,000 to $16,000 + per year.  Likewise, the cost of a university education can vary from $10,000 to $25, 000 + per year.  The great variance is a result of  many factors, including which program you register in, and whether you are living at home, in residence, or off-campus.  That being said, the cost of education can be quite prohibitive for many families; however, there are many financial resources which you may be eligible to access.  There are government programs such as Ontario’s 30% tuition rebate and  OSAP which have easy on-line applications.  Universities and colleges also offer a wide range of scholarship / bursary opportunities – simply check their websites for further information and application deadlines.  Many students also find on-campus (work-study grant) and off-campus employment which can also serve to minimize the financial “hit” of a post-secondary education.  Also, many parents have RESP’s which they can tap into once their child commences their studies.  The following links, although not exhaustive, represents a good starting place to begin your search for funds: