Budgeting

As you plan for University, creating a budget is just an important as picking your program, courses and campus. It is important to seek funding from as many sources as possible. Be sure to explore the scholarships and financial aid page to discover the funding options that might be available to you.

To give you an idea of how a financial plan works, here are examples of how two different students were able to bring it all together.

Jessie
Jessie is a first-year student who will be living on campus. The cost for her first year will be approximately $20,409. She comes from a family of two children, with one sibling attending university this year, and a combined family income of $50,000. Here is how she is funding her education at York University:

Figure 1: Jessie's financial plan

Jessie will receive a $8,400 Government Loan, $3,200 from Personal/Family Contributions, a $2,800 Government Grant, $2,718 from a Work/Study Position, a $2,000 York Scholarship and a $1,291 York Bursary.

 

Yohan
Yohan is a first-year student who will be living at home. The cost of his first year will be approximately $15,843. He comes from a family of three children, with two children attending university this year. Here is how he is funding his education at York University:

Figure 2: Yohan's financial plan 

Yohan will receive a $7,100 Government Loan, $6,536 from Personal/Family Contributions, a $1,500 York In-Course Scholarship and a $697 York Bursary.

Note: Examples are for illustration purposes only and do not necessarily reflect actual assessments. Your financial circumstance will be assessed on an individual basis.