Tips & Other Notes
As post-secondary sponsorship is only an assistance, I can't stress enough the importance of saving some of your own money to help offset the additional daily expenses that you will have. Students are allowed to work, full or part-time, as long as work does not interfere with your studies of course.
As long as you are eligible, you don't have to worry about paying any of your mandatory tuition fees, or your required books/supplies, but your living allowance will always remain the same. There are no advances to tide you over until the next cheque release and there's no extra assistance for socializing, daycare services.
Then you have to start considering all the other important options - where will you stay? what can you afford? Regardless of where you decide to go (local or away) and stay (apartment or residence), you will have expenses to pay for - rent, food, laundry, toiletries, recreational activities, etc, etc. In addition to your tuition and books/supplies being paid for, a single student receives $675 a month for their living allowance plus an additional $40 per week per month for regular travel assistance. Your rent or residence fee is to be paid from your living allowance. If you are interested in staying in a residence, find out how much it is at each college/university you applied to? whether or not the meal plan is mandatory? Please be advised that some colleges and universities have very expensive residence/meal plans, while others are more affordable.
Residence is an option for you but it is not the only one for living arrangements. Please contact me if residence is your choice and I will give you a more detailed explanation of how your fees are paid and what your actual living allowance would be for the year.
SAVE! SAVE! SAVE!
If you are currently working (or when you get a summer job), I highly recommend that you set up a "bank account" and put aside a portion of each pay (whatever amount you can afford after keeping enough for your now limited recreational expenses - depending on your pay, it could be as little as $10 or maybe if you rearranged your spending habits, you could afford to save $20, $50, maybe even $100 a cheque). Trust me - the earlier you start saving, the better; any amount saved will definitely come in handy next year. Talk to any student currently enrolled, they will tell you some of the realities of money!!
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