welcome session fees & finances june 2015. fees & finances overview costs of university...
TRANSCRIPT
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Welcome SessionFees & Finances
June 2015
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Fees & FinancesOverview
• Costs of university• Resources to help pay• What students/families should be doing now• Fees deadline and other Important dates
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Fees & FinancesStudent living away from home
Costs of university:
• Tuition $ 7,520 (FT student – year 1)
• Books $ 1,000• Residence/Apt. $12,000 ($1500/month)
• Misc. (cell, laundry etc.) $ 2,000 ($250/month)
$ 22,520
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Fees & FinancesStudent living at home
Costs of university:
• Tuition $ 7,520 (FT student – year 1)
• Books $ 1,000• Transportation (TTC) $ 880• Food on campus$ 1,200 ($150/month)
• Misc. (cell, laundry etc.) $ 1,600 ($200/month)
$ 12,200
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Fees & Finances
Costs of university:
Average = $19,000 - $23,000 for a student living away from home
Average = $ 10,000 - $13,000 for a student living at home
How can students pay for everything?
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Fees & Finances
Resources: 1. Family
RESPs
2. OSAP/other provincial loans30% Ontario tuition grant
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Fees & FinancesOSAP provides:Approx. $10,000 (maximum – living at home)
OSAP expects:$1,500 from summer work (after high school)$2,000 from PT work during the school year*
(U. of T. Work Study)
Total = approx. $11,500+
You could be fine……..
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Fees & FinancesOSAP provides:$15,000 (maximum – living away from home)
OSAP expects:$1,500 from summer work$2,000 from PT work during the school year*
(U. of T. Work Study)
Total = approx. $17,500
You still need $3,000+……..(to get to $20,000)
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Fees & Finances
Resources: 1. Family
RESPs
2. OSAP/other provincial loans3. UTAPS (University of Toronto Advanced Planning for Students = grant)
4. College grants5. Scholarships
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Fees & Finances
What should students/families be doing now?
Talking about financesSummer workCompleting a budget for the year (pg. 14 in Guide)Filling out the OSAP application- osap.gov.on.caCompleting the MSFAA for OSAP direct deposit
Print from the OSAP websiteSubmit at a Canada Post outlet
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Fees & Finances
Once you choose your courses online (July 30th), you can view your fees invoice.
Fees deadline!
For payment or deferral
August 25th
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Fees & Finances
Payments are made at any Canadian bank 1st installment is 50% of full fees (first term fees)
o approx. $3760 Service charges begins Oct. 15th
Deferrals are done online on ROSI (OSAP) or at the Registrar’s Office (Scholarships)Note: RESPs do not allow you to defer your fees
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Important Dates
• Jul. 30th - Course selection• Aug. 25th - Registration deadline• Sep. 14th - Classes start • Sep. 27th - Last day to determine FT/PT
status/fees
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Program Fee vs. Per Course Fee
• FT = 3.0+ credits for the year• PT = 0.5 – 2.5 credits for the year
How course load is calculated (See Timetable for more info):F + Y courses (as of Sep. 27) +
S courses (as of Jan. 24) = course load count
• 3.5-6.0 Program fee• 0.5-3.0 Per course fees
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Important Dates
• Jul. 30th - Course selection• Aug. 25th - Registration deadline• Sep. 14th - Classes start • Sep. 27th - Last day to determine FT/PT
status/fees
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Questions ?
Students should contact the University College Registrar’s Office:
15 King’s College Circle, Rm 157Phone: 416-978-3170
[email protected]: 9:30am-12:15pm, 1:30pm-4:15pm