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Welcome Session Fees & Finances Saturday June 8, 2013.

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Presentation on theme: "Welcome Session Fees & Finances Saturday June 8, 2013."— Presentation transcript:

1 Welcome Session Fees & Finances Saturday June 8, 2013

2 Fees & Finances Overview Costs of university Resources to help pay What students/families should be doing now Fees deadline and other Important dates

3 Fees & Finances Student 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

4 Fees & Finances Student 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

5 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?

6 Fees & Finances Resources: 1.Family RESPs 2.OSAP/other provincial loans 30% Ontario tuition grant

7 Fees & Finances OSAP 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……..

8 Fees & Finances OSAP 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)

9 Fees & Finances Resources: 1.Family RESPs 2.OSAP/other provincial loans 3.UTAPS 4.College grants 5.Scholarships

10 Fees & Finances What should we/students be doing now?  Talking about finances  Completing a budget for the year  Filling out the OSAP application-osap.gov.on.ca  Completing the MSFAA for OSAP direct deposit  Print from the OSAP website  Submit at a Canada Post outlet

11 Fees & Finances Fees deadline! For payment or deferral August 20 th

12 Fees & Finances Payments are made at any Canadian bank  1 st installment is 65% of fees for the year (approx. $4500)  Service charges begins Nov. 15 th Deferrals are done online on ROSI (OSAP) or at the Registrar’s Office (Scholarships)

13 Important Dates July 30 th - Course selection August 20 th – Registration deadline September 10 th - Classes start September 22 nd - Last day to determine FT/PT status/fees

14 FT vs. PT Status FT = enrolled in 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 fee Per course fees

15 Important Dates July 30 th - Course selection August 20 th – Registration deadline September 10 th - Classes start September 22 nd - Last day to determine FT/PT status/fees

16 Questions ? Students should contact the University College Registrar’s Office: 15 King’s College Circle, Rm 157 Phone: Hours: 10am-12pm and 1:30pm-4:00pm


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