Welcome SessionFees & Finances

Saturday June 8, 2013

Fees & FinancesOverview

• Costs of university• Resources to help pay• What students/families should be doing now• Fees deadline and other Important dates

Fees & FinancesStudent living away from home

Costs of university:

• Tuition $ 6,965 (FT student – year 1)

• Books $ 1,000• Residence/Apt. $11,000• Misc. (cell, laundry etc.) $ 2,000 ($250/month)

$ 20,965

Fees & FinancesStudent living at home

Costs of university:

• Tuition $ 6,965 (FT student – year 1)

• Books $ 1,000• Transportation (TTC) $ 850• Food on campus$ 1,000 ($125/month)

• Misc. (cell, laundry etc.) $ 1,600 ($200/month)

$ 11,415

Fees & Finances

Costs of university:

Average = $19,000 - $21,000 for a student living away from home

Average = $ 10,000 - $12,000 for a student living at home

How can students pay for everything?

Fees & Finances

Resources: 1. Family

RESPs

2. OSAP/other provincial loans30% Ontario tuition grant

Fees & FinancesOSAP provides:Approx. $8,000 (maximum – living at home)

OSAP expects:$2,000 from summer work$2,000 from PT work during the school year*

(U. of T. Work Study)

Total = approx. $12,000

You could be fine……..

Fees & FinancesOSAP provides:$12,000 (maximum – living away from home)

OSAP expects:$2,000 from summer work$2,000 from PT work during the school year*

(U. of T. Work Study)

Total = approx. $16,000

You still need $4,000……..(to get to $20,000)

Fees & Finances

Resources: 1. Family

RESPs

2. OSAP/other provincial loans3. UTAPS4. College grants5. Scholarships

Fees & Finances

What should we/students be doing now?

Talking about financesCompleting a budget for the yearFilling out the OSAP application-osap.gov.on.caCompleting the MSFAA for OSAP direct deposit

Print from the OSAP websiteSubmit at a Canada Post outlet

Fees & Finances

Fees deadline!

For payment or deferral

August 20th

Fees & Finances

Payments are made at any Canadian bank 1st installment is 65% of fees for the year

(approx. $4500) Service charges begins Nov. 15th

Deferrals are done online on ROSI (OSAP) or at the Registrar’s Office (Scholarships)

Important Dates

• July 30th - Course selection• August 20th – Registration deadline• September 10th - Classes start • September 22nd - Last day to determine FT/PT

status/fees

FT vs. PT Status

• FT = enrolled in 3.0 + credits for the year• PT = enrolled in 0.5 – 2.5 credits for the year

How course load is calculated (See Timetable for more info):F + Y courses (as of Sep. 22) + S courses (as of Jan. 19) = course load count

3.0+ Program fee0.5-2.5 Per course fees

Important Dates

• July 30th - Course selection• August 20th – Registration deadline• September 10th - Classes start • September 22nd - Last day to determine FT/PT

status/fees

Questions ?

Students should contact the University College Registrar’s Office:

15 King’s College Circle, Rm 157Phone: 416-978-3170

uc.registrar@utoronto.caHours: 10am-12pm and 1:30pm-4:00pm