Welcome Session Fees & Finances
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Transcript of Welcome Session Fees & Finances
Welcome SessionFees & Finances
Saturday June 8, 2013
Fees & FinancesOverview
• Costs of university• Resources to help pay• What students/families should be doing now• Fees deadline and other Important dates
Fees & FinancesStudent living away from home
Costs of university:
• Tuition $ 6,965 (FT student – year 1)
• Books $ 1,000• Residence/Apt. $11,000• Misc. (cell, laundry etc.) $ 2,000 ($250/month)
$ 20,965
Fees & FinancesStudent living at home
Costs of university:
• Tuition $ 6,965 (FT student – year 1)
• Books $ 1,000• Transportation (TTC) $ 850• Food on campus$ 1,000 ($125/month)
• Misc. (cell, laundry etc.) $ 1,600 ($200/month)
$ 11,415
Fees & Finances
Costs of university:
Average = $19,000 - $21,000 for a student living away from home
Average = $ 10,000 - $12,000 for a student living at home
How can students pay for everything?
Fees & Finances
Resources: 1. Family
RESPs
2. OSAP/other provincial loans30% Ontario tuition grant
Fees & FinancesOSAP provides:Approx. $8,000 (maximum – living at home)
OSAP expects:$2,000 from summer work$2,000 from PT work during the school year*
(U. of T. Work Study)
Total = approx. $12,000
You could be fine……..
Fees & FinancesOSAP provides:$12,000 (maximum – living away from home)
OSAP expects:$2,000 from summer work$2,000 from PT work during the school year*
(U. of T. Work Study)
Total = approx. $16,000
You still need $4,000……..(to get to $20,000)
Fees & Finances
Resources: 1. Family
RESPs
2. OSAP/other provincial loans3. UTAPS4. College grants5. Scholarships
Fees & Finances
What should we/students be doing now?
Talking about financesCompleting a budget for the yearFilling out the OSAP application-osap.gov.on.caCompleting the MSFAA for OSAP direct deposit
Print from the OSAP websiteSubmit at a Canada Post outlet
Fees & Finances
Fees deadline!
For payment or deferral
August 20th
Fees & Finances
Payments are made at any Canadian bank 1st installment is 65% of fees for the year
(approx. $4500) Service charges begins Nov. 15th
Deferrals are done online on ROSI (OSAP) or at the Registrar’s Office (Scholarships)
Important Dates
• July 30th - Course selection• August 20th – Registration deadline• September 10th - Classes start • September 22nd - Last day to determine FT/PT
status/fees
FT vs. PT Status
• FT = enrolled in 3.0 + credits for the year• PT = enrolled in 0.5 – 2.5 credits for the year
How course load is calculated (See Timetable for more info):F + Y courses (as of Sep. 22) + S courses (as of Jan. 19) = course load count
3.0+ Program fee0.5-2.5 Per course fees
Important Dates
• July 30th - Course selection• August 20th – Registration deadline• September 10th - Classes start • September 22nd - Last day to determine FT/PT
status/fees
Questions ?
Students should contact the University College Registrar’s Office:
15 King’s College Circle, Rm 157Phone: 416-978-3170
[email protected]: 10am-12pm and 1:30pm-4:00pm