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Paying for your education

College students studying
Pursuing post-secondary education can be costly, and while some have access to financial support through Registered Education Savings Plans (RESPs), others may not have this option. If you’re in that situation or require additional financial support, don’t worry – there are various options available to help support your educational journey. Explore the various resources and opportunities to subsidize your education and make your academic goals more attainable.
 

What will it cost?

Some of the typical expenses of post-secondary education can include: 

  • Tuition
  • Rent / Residence (possible other bills if renting)
  • Food/Meal plan
  • Computer/Laptop
  • Books/Digital Licenses
  • Transportation (bus/train pass, personal car)
  • Travel expenses if you move to a new city for school
  • Personal/Miscellaneous expenses (entertainment, clothing, etc.)

Overall, students can anticipate spending between $10,000 and $35,000 per year. The yearly cost depends on the program, the school, and whether you can live at home while attending school.

How do you pay for that?

There are a variety of ways to get money for your education. Here are the more common ones:

Terminology

Before getting started, it is helpful to know more about the terminology that relates to post-secondary funding. Here are a few terms you will see.

Scholarships are merit awards based on grades, community service, or on other unique criteria. These are offered by schools, private donors, workplaces, etc... and often require you to complete a supplementary application beyond your application to a post-secondary institution. 
  • Scholarships
    Scholarships are merit awards based on grades, community service, or on other unique criteria. These are offered by schools, private donors, workplaces, etc... and often require you to complete a supplementary application beyond your application to a post-secondary institution.