Developing a financial plan
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. Consider these four key sources:
- York University entrance scholarships & bursaries
- Federal and provincial government student loan and grant programs
- External funding
- On-campus jobs
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 is a first-year student who will be living on campus. The cost for her first year will be approximately $16,900. She comes from a family of two children, with one child attending university this year and a combined family income of $50,000. Here is how she is funding her education at York University:
Yohan is a first-year student who will be living at home. The cost of his first year will be approximately $8,900. He comes from a family of three children, with two children attending university this year and a combined family income of $100,000. Here is how he is funding his education at York University:
Note that these are only examples for illustration purposes and do not necessarily reflect actual assessments. Your financial circumstance will be assessed on an individual basis.