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 has been admitted to Psychology with an average of 86% and will be living on campus. The cost for her first year will be approximately $20,993. She comes from a family with a combined family income of $48,000 and two children, with one sibling attending university this year. Here is how she is funding her education at York University:

Table 1: Jessie's Financial Plan
Government Grant Government Loan Work/Study position Parental/Family Contribution York Entrance Scholarship Student Life Award
$7,300 $7,293 $2,700 $2,200 $1,000 $500

Yohan is a second-year Economics student with a 74% university average who lives at home. The cost of his second year will be approximately $12,112. He comes from a family with a combined family income of 114,000 and three children, with two children attending university this year. Here is how he is funding his education at York University:

Table 2: Yohan's Financial Plan
Government Loan Government Grant York In-course Scholarship Personal/family Contribution York Bursary
$7,110 $1,830 $1,500 $1,372 $300

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