Transcript Presentation - University of New Brunswick
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 13
th
~
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
Government student loans Non-government student loans Requirement of a guarantor
As a general rule, no Possibly
Interest due while in school
Full-time students do not pay interest until they have left post secondary education
Start date of repayment Repayment help
Yes, students pay interest while in school 6 months after leaving post secondary education (interest will accrue as soon as you are out of school, however) Immediately after receiving the loan Forms of help, such as getting a temporary pass on paying principal and interest, are available Varies by loan provider; typically more difficult to access
New Brunswick Integrated Loan Program
Program Single Student Example Weekly Maximums
$210 34
# of weeks in Program
Canada Student Loan
*Canada Student Grant
New Brunswick Loan
New Brunswick Bursary $250 monthly $100 monthly
$140
$130 8 months 8 months
34
34
POTENTIAL
Student Loan Maximum over traditional academic year September, 2013 – April, 2014
Total
$ 7,140
$ 2,000 $ 800
$ 4,760
$ 4,420
$17,120 – 18,320
Program
Nova Scotia Student Aid
Single Student Example Weekly Maximums # of weeks in program
Canada Student Loan
*Canada Student Grant
$210
$250 monthly
34
8 months $100 monthly 8 months
Nova Scotia Student Loan (
up to 20% eligible in grant)
Loan/ $108.00
Grant/$72 34 34
POTENTIAL
Student Loan Maximum over traditional academic year September, 2013 – April, 2014
Total
$7,140
$ 2,000 $ 800
$3,672 $2,448 $14,060 15,260
Program
Ontario Integrated Loan
Single Student Example Weekly Maximums # of weeks in Program Total
Canada Student Loan/ OSLP $360 34 $ 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
Canada Student Loan
Weekly Maximums
$210 34
# of weeks in Program *Canada Student Grant
Prince Edward Island Student Loan
$250 monthly $100 monthly
$165
8 months 8 months
34
POTENTIAL
Student Loan Maximum over traditional academic year September, 2013 – April, 2014
Total
$7,140
$ 2,000 $ 800
$5,610 $13,550 14,750
Newfoundland & Labrador
Single Student Example Program
Canada Student Loan
Weekly Maximums
$210
# of weeks in program
34
Total
$ 7,140
*Canada Student Grant $250 monthly $100 monthly 8 months 8 months
Newfoundland Student Loan $60 34
Newfoundland Up-Front Grant $80 34
POTENTIAL
Student Loan Maximum over traditional academic year September, 2013 – April, 2014
$ 2,000 $ 800
$ 2,040
$ 2,720
$12,700 13,900
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 education related 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 1 st 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.
3.
Registered at UNBF on a full-time basis 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/
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 2.
3.
Dr. Florence T. Snodgrass
(as per NB Student Financial Assistance guidelines)
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 3 rd 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 Total - Highest certificate, diploma or degree Certificate or diploma below bachelor level University certificate or degree Canada 35,498 30,116 58,767 N.L.
27,636 24,180 53,222 P.E.I.
27,769 24,663 46,139 N.S.
30,187 26,215 49,433 Bachelor's degree 52,907 45,915 40,830 University certificate, diploma or degree above bachelor level 69,230 67,036 57,176 Source: Statistics Canada, Census of Population. Last modified: 2009-10-09.
43,436 60,095 N.B.
28,450 24,861 51,495 46,232 62,967
FINANCIAL AID OFFICE CONTACTS:
Shelley Clayton
Director or
Kelly Waugh
Financial Aid Officer
Location:
1 st C.C. Jones Student Services Centre, floor , 26 Bailey Drive Tel (506) 453-4796/Fax (506) 453-5020 E-mail: [email protected]
http://www.unb.ca/fredericton/studentservices/financial-aid/