Presentation - University of New Brunswick

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Financial Aid
Money Matters
Financial Aid Office Mandate
“Our mandate is to increase opportunities for and access to
university by helping students and their families seek, obtain,
and make the best use of all financial resources. As such, the
Financial Aid Office of UNB (Fredericton) plays an integral
role in supporting the University's mission and goals of
recruiting and retaining a talented and diverse undergraduate
and graduate student population.”
Part 1
Costs of Attendance
Approximate Costs 2013-2014
• Tuition
• Fees (Health & Dental next slide)
• Residence costs
(double room/meal plan)
• Books/equipment and supplies
• Local travel
• Return travel
• Miscellaneous (entertainment, etc.)
• Parking Fee
TOTAL
$ 6,007
$ 849
$ 8,576
$ 1,500
$ 800
$ 1,500
$ 1,500
$ 101
$20,833
Health & Dental Plan at UNB
ADMINISTERED BY
If you have alternate medical coverage and do not wish to remain on the UNB
student plan, you can opt-out by visiting the following website:
http://www.wespeakstudent.com/
You can choose to opt-out of the dental plan without showing proof of coverage,
however this must also be indicated online. A verbal indication that the student
wishes to opt-out is not sufficient and will not result in a credit to your
University account. (COSTS: Health $142 + Dental $118 = $260)
OPT-OUT DEADLINE: September 20, 2013
Tuition and Fees
FALL 2013 Tuition/Fee Payment Due by
September 13th ~
All Programs $3,573.00
Exceptions to Minimum Payment:
Law, Engineering, Education, Business
Part II
Student Funding
(Government Loans & Other)
GOVERNMENT STUDENT LOAN FUNDING
HOW TO APPLY
STEP 1 (go to)
www.canlearn.ca
STEP 2 (click on province of residence)
http://www.canlearn.ca/eng/main/help/contact/cao.shtml
STEP 3 (APPLY!—one application covers both
federal/provincial resources—have income tax returns)
Differences Between Loans
DIFFERENCE BTW
GOV’T STUDENT LOAN & PRIVATE
Requirement of a
guarantor
Government student loans
Non-government
student loans
As a general rule, no
Possibly
Interest due while in Full-time students do not pay interest until they have left post
secondary education
school
Yes, students pay
interest while in school
Start date
of repayment
6 months after leaving post secondary education (interest will
accrue as soon as you are out of school, however)
Immediately after
receiving the loan
Repayment help
Varies by loan provider;
Forms of help, such as getting a temporary pass on paying principal
typically more difficult
and interest, are available
to access
New Brunswick Integrated Loan Program
Single Student Example
Program
Weekly
Maximums
# of weeks in Program
Total
Canada Student Loan
$210
34
$ 7,140
*Canada Student Grant
$250 monthly
8 months
$ 2,000
$100 monthly
8 months
$
New Brunswick Loan
$140
34
$ 4,760
New Brunswick Bursary
$130
34
$ 4,420
POTENTIAL Student Loan Maximum over traditional academic year
September, 2013 – April, 2014
800
$17,120 –
18,320
Nova Scotia Student Aid
Single Student Example
Program
Weekly Maximums # of weeks in program
Total
Canada Student Loan
$210
34
$7,140
*Canada Student
Grant
$250 monthly
8 months
$ 2,000
$100 monthly
8 months
$ 800
Nova Scotia Student
Loan (up to 20% eligible
in grant)
Loan/ $108.00
34
$3,672
Grant/$72
34
$2,448
POTENTIAL Student Loan Maximum over traditional academic year
September, 2013 – April, 2014
$14,060 15,260
Ontario Integrated Loan
Single Student Example
Program
Canada Student
Loan/
OSLP
Weekly Maximums
$360
# of weeks in
Program
34
Total
$ 12,240
Grants available which may reduce repayable assistance to $7,300.00
per academic year
(automatic based on financial need)
Prince Edward Island
Single Student Example
Program
Weekly Maximums
# of weeks in
Program
Total
Canada Student Loan
$210
34
$7,140
*Canada Student
Grant
$250 monthly
8 months
$ 2,000
$100 monthly
8 months
$ 800
Prince Edward Island
Student Loan
$165
34
$5,610
POTENTIAL Student Loan Maximum over traditional academic
year September, 2013 – April, 2014
$13,55014,750
Newfoundland & Labrador
Single Student Example
Program
Weekly Maximums
# of weeks in program
Total
Canada Student Loan
$210
34
$ 7,140
*Canada Student
Grant
$250 monthly
8 months
$ 2,000
$100 monthly
8 months
$ 800
Newfoundland Student $60
Loan
34
$ 2,040
Newfoundland
Up-Front Grant
34
$ 2,720
$80
POTENTIAL Student Loan Maximum over traditional academic year
September, 2013 – April, 2014
$12,70013,900
Canada Student Grants for Students with
Permanent Disabilities
• $2,000 per year for students who have been assessed as
having a permanent disability by their province.
• Up to $8,000 per school year to cover exceptional educationrelated costs such as tutors, note-takers, sign interpreters,
braillers or technical aids. A separate application is required
for this grant.
REVIEW PROGRAM:
http://www.canlearn.ca/eng/postsec/audience/perdis.shtml
REPAYMENT ASSISTANCE
Government of New Brunswick
Timely Completion Benefit
Eligibility Requirements
• Graduate from a publically funded post-secondary institution.
• Graduate from the program of study within the established
timelines for the program.
• Total federal and provincial student loan borrowings in excess of
$26,000.
• Apply for one-time benefit within seven months of graduation.
REVIEW PROGRAM: https://www.studentaid.gnb.ca/pdf/atcb-e.pdf
Government of New Brunswick
Tuition Rebate
Under the New Brunswick Tuition Rebate, anyone, from anywhere
in the world, who on or after January 1, 2005, pays tuition,
graduates from an eligible post-secondary institution, lives and
works in New Brunswick and pays New Brunswick personal
income tax, will be eligible for a non-taxable rebate of 50% of
their tuition costs with a maximum lifetime rebate of $20,000.
REVIEW PROGRAM:
http://www.gnb.ca/0162/tax/nbtr/application_form-e.pdf
Government of Nova Scotia
Graduate Tax Credit
The Nova Scotia Graduate Tax Credit is available to anyone
living and working in Nova Scotia who graduated from an
eligible post-secondary program on or after January 1, 2006.
This credit could reduce your Nova Scotia income taxes by
$1,000 in 2006 and 2007 and by $2,000 in 2008 and later years.
REVIEW PROGRAM:
http://www.gov.ns.ca/snsmr/access/individuals/graduate-tax.asp
FEDERAL Government
Repayment Assistance Plan
The Repayment Assistance Plan (RAP) is available to
borrowers who are having difficulty paying back their student
loan debt. RAP makes it easier for student loan borrowers to
manage their debt by paying back what they can reasonably
afford.
REVIEW PROGRAM:
http://www.canlearn.ca/eng/after/repaymentassistance/rpp.shtml
National Student Loan Service Centre
National Student Loan Service Centre (NSLSC)
Public Service Division
TEL: 1-888-815-4514
WEB SITE: https://nslsc.canlearn.ca/eng/default.aspx
Part III
Finding Money and
Resources!
UNBF Great Computer
Give-Away Program
• UNB’s Financial Aid Office, Student Union and IT Department
participate in a “computer draw program” annually. In the fall of
2013, reconditioned computers will be provided to this needs-based
program by UNB’s IT Department.
• Eligibility is restricted to full-time UNBF undergraduate students
with demonstrated financial need. Students must also be in good
academic standing (GPA of 2.0 and over from the most recent
assessment year or 1st year entry to UNB) to be eligible for program
consideration.
UNB Work-Study Program
• Work-Study is a subsidized employment program designed
to assist financially needy students with the high costs
associated with post-secondary study.
• Students work up to a maximum of 10 hours per week at a
standard wage of $12.00 per hour.
• Please contact UNB’s Financial Aid Office (453-4796)
starting end of August, 2013 to set up an appointment for a
“Needs Assessment” and review program eligibility.
UNB Special Bursary Program
Students may be eligible for up to $1,000 in bursary assistance
if they meet the following criteria:
1. Undergraduate Canadian citizen (or domestic student)
2. Registered at UNBF on a full-time basis
3. Have a demonstrated financial need
Please contact Financial Aid at 453-4796 for further information.
Application deadline: November 15, 2013
Applications will be posted to
http://www.unb.ca/fredericton/studentservices/financial-aid/
Dr. Florence T. Snodgrass
Bursary for New Brunswick Students
Students may be eligible for up to $2,000 in bursary assistance under
the following criteria:
1. Undergraduate New Brunswick resident
(as per NB Student Financial Assistance guidelines)
2.
3.
Registered on a full-time basis
Have a demonstrated financial need
Please contact Financial Aid at 453-4796 for further information.
Application deadline: December 5, 2013
Applications will be posted to
http://www.unb.ca/fredericton/studentservices/financial-aid/
Book Advance Program
Personal Advances/Book Advance Program
Advances (re-payable) are available to full-time students
awaiting forthcoming funds. In order to be eligible for this
program, students must present proof (i.e. copy government
loan assessment) to the Financial Aid Office verifying dollar
amounts.
Please call Financial Aid Office to schedule an appointment.
Study Abroad Bursary Program
Bursaries, valued up to $ 1,500, may be available to
full-time students completing an international
student abroad program as part of their degree
requirement at the University of New Brunswick
(Fredericton Campus). The award will be
contingent on the students’ registration and
completion of the student abroad program.
AWARDS
Encourage your child to review financial options and resources by applying for
scholarships/bursaries through UNB’s Undergraduate Awards Office and
UNB’s Financial Aid Office.
Scholarships (merit-based)
• Merit-based Scholarships look at academic standing or grade point average
(g.p.a.). Merit-based bursaries also consider financial need.
• WEB SITE: http://www.unb.ca/scholarships/
Bursaries (need-based)
• Need-based awards consider financial need first and, in some programs, an
academic standing of 2.0 and over.
• WEB SITE: http://www.unb.ca/fredericton/studentservices/financial-aid/
EXTERNAL AWARDS
Check out on-line search tools for awards across Canada at the following web sites
(this is not an all inclusive list):
• http://www.studentawards.com/canlearn/
• http://www.scholarshipscanada.com/
• http://www.disabilityawards.ca/
Don’t forget to check out the valuable Job Search and Career Information located
on UNBF’s Student Employment Services web site:
• http://www.unb.ca/fredericton/studentservices/employment/
Financial Consent
Parents, guardians, spouses & other 3rd parties require
consent from the student for whom they wish to access
account information to make tuition and fee payments.
How to access the eServices screen:
1) Log on to your student eServices;
2) Select ‘Financial’ tab located at the top of the screen;
3) Select ‘Financial Consent’ on the left hand side of the
screen.
Average Earnings
Average earnings by highest level of schooling, by province and territory (2006 Census)
2005
Canada
N.L.
P.E.I.
N.S.
N.B.
Total - Highest certificate, diploma or
degree
35,498
27,636
27,769
30,187
28,450
Certificate or diploma below bachelor
level
30,116
24,180
24,663
26,215
24,861
University certificate or degree
58,767
53,222
46,139
49,433
51,495
Bachelor's degree
52,907
45,915
40,830
43,436
46,232
University certificate, diploma or degree
above bachelor level
69,230
67,036
57,176
60,095
62,967
Source: Statistics Canada, Census of Population. Last modified: 2009-10-09.
FINANCIAL AID OFFICE CONTACTS:
Shelley Clayton
Director
or
Kelly Waugh
Financial Aid Officer
Location: C.C. Jones Student Services Centre,
1st floor , 26 Bailey Drive
Tel (506) 453-4796/Fax (506) 453-5020
E-mail: [email protected]
http://www.unb.ca/fredericton/studentservices/financial-aid/
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