Financial Aid Money Matters

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Financial Aid Money Matters
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Financial Aid, UNBF

• 
  CONTACTS
• Shelley Clayton or Kelly Waugh
• Director Financial Aid
  Officer
• Location Room 3, Alumni Memorial Building
• Tel [phone]
• Fax [phone]
• E-mail finaid_at_unb.ca
• Web site http//www.unbf.ca/financialaid/

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Part 1

Costs of Attendance
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Approximate Costs 2009-2010

• Tuition 5,482
• Fees (Health Dental next slide) 668
• Residence costs
• (double room/19 meals) 7,864
• Books/equipment and supplies
  1,500
• Local travel 800
• Return travel 1,500
• Miscellaneous (entertainment, etc.) 1,200
• Parking Fee 79
• TOTAL 19,093

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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.unbsu.ca/
• 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 137
  Dental 112 249)

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Health Dental Plan at UNB

• CONTACT the Student Union Office
• Tel [phone]
• E-mail unbsu_at_unb.ca
• Web site http//www.unbsu.ca/
• It is essential that you provide your alternate
  health plan information ( insurer, policy number,
  primary subscriber), student information (name,
  student number, address, etc.). Please also
  indicate which plan or plans you are opting out
  of. The receipt of opt-out will be sent to the
  email address as indicated by the student on the
  form. Please keep a copy of your emailed receipt
  or print it off upon completion of the opt-out
  form.
• DEADLINES FOR OPT-OUT
• Please note the dates that the website will be
  available to opt-out
• August 31, 2009 - September 25, 2009 for
  students beginning in the fall term.
• January 1, 2010 - January 22, 2010 for students
  beginning in the winter term.

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Tuition Minimum Payment Due by September 8th

• All Programs 3,214.50
• Exceptions to Minimum Payment
• Law 4,989.50
• Engineering 3,714.50

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Part II

• Student Funding
• (Government Loans Other)

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New Brunswick Integrated Loan Program
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New Brunswick Integrated Loan Program
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Canada Student Grant

• Persons from Low-Income Families
• Up front grant of 250.00 per month
• Must have an assessed need of at least 1 to
  qualify

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Canada Student Grant

• Persons from Middle-Income Families
• Up front grant of 100.00 per month
• Must have an assessed need of at least 1 to
  qualify

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New Brunswick Integrated Loan Program
Removal of parental and partners income from the
assessment of New Brunswick Student Loans If you
are a dependent student in a program beginning
August 1, 2007 or later, you can choose not to
include your parents income in your application
for financial assistance. If you DO NOT provide
your parents income, the parental/family
contribution will be removed in the calculation
of your New Brunswick Student Loan. Should you
choose not to include this income information,
you will be assessed for New Brunswick Student
Loans only.
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2,000 first-year credit for first-time
university students

• The New Brunswick 2,000.00 first-year credit has
  been
• cancelled effective 2009-2010 academic year.
• However, the federal government has established
  the Canada
• Study Grant Program to ensure on-going access to
  post-
• secondary education.

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Government of New Brunswick Debt Reduction for
Timely Completion Program

• Eligibility Requirements
• Graduate from a publically funded post-secondary
  institution
• Apply for the benefit for the first undergraduate
  degree, diploma or certificate earned after April
  1, 2009.
• Graduate from the program of study within the
  established timelines for the program i.e. a
  four-year BBA must be completed within four
  years.
• Must have total federal and provincial student
  loan borrowings associated with the successfully
  complete program) in excess of 26,000.

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Government of New Brunswick Debt Reduction for
Timely Completion Program

• Eligibility Requirements (Continued)
• Provide proof of graduation through a transcript
  of marks that indicates the date the degree,
  diploma or certificate awarded, and
• Apply for one-time benefit within seven months of
  graduation date- i.e. if graduation date is May
  24, 2009, application for the debt reduction
  benefit must be received by SFS no later than
  December 24, 2009.
• Appeal Process will exist for students with
  temporary illness or graduates with family
  responsibilities while studying may be unable to
  graduate from their program within the
  established timeline.

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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.

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Government of New Brunswick Tuition Rebate
(continued)

• The rebate can be claimed once personal income
  tax returns are
• filed for the previous taxation year, and a
  Notice of Assessment is
• received from the Canada Revenue Agency. The
  tuition rebate
• may be claimed any time up to 20 years from the
  first year that
• credit is earned, and the maximum rebate that may
  be claimed in
• any given year is 4,000. Unused balances may be
  carried forward
• and claimed against future New Brunswick
  personal income tax,
• until the lifetime maximum of 20,000 is reached.

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Nova Scotia Student Aid

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Nova Scotia Student Aid

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Nova Scotia Student Aid

• Up-Front Grants
• Starting August 1, 2008, the first 20 percent of
  your Nova Scotia Student Loan
• will be a grantyou dont pay it back. This grant
  may be worth up to
• 1,560 each calendar year (1,020 academic year).
  Everyone who gets a
• Nova Scotia loan will get this 20 percent grant.

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Nova Scotia Student Aid

• Graduate Tax Credit
• Getting the graduate tax credit is not restricted
  to those who graduated from Nova Scotia
  institutions.  Nova Scotia offers the credit to
  graduates from any institution recognized by
  designated authorities under the Canada Student
  Financial Assistance Act.  That means hundreds of
  universities, colleges, schools and institutes
  across Canada and in many international
  locations, too. 

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Nova Scotia Student Aid

• Graduate Tax Credit (continued)
• NEW - You no longer need to apply for a Graduate
  Tax Credit Certificate.
• Just claim the credit on your 2008 or later tax
  return.
• you need to attach your diploma to your 2008 (or
  later) tax return (paper version). If you are
  filing electronically, keep all of your documents
  in case the Canada Revenue Agency asks to see
  them
• you can claim this credit only once, even if you
  graduate from more than one post-secondary
  eligible program
• claim this credit in the year you graduate any
  unused amount may be claimed in the following two
  years

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Ontario Integrated Loan

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Ontario Integrated Loan

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Ontario Integrated Loan

• Full-Time Programs Applied for through the
  Full-Time OSAP Application
• The Ontario Access Grant is worth up to 3,000.
  It assists first-time, first-year students from
  low-income and moderate income families with
  tuition costs.
• The Canada Student Grant for Students with
  Permanent Disabilities is worth up to 2,000 per
  year. It assists students with permanent
  disabilities to meet educational and living
  costs.
• The Ontario Student Opportunity Grant (Loan
  Forgiveness) is available to help students reduce
  their annual Canada-Ontario Integrated Student
  Loan debt by limiting an eligible student's
  repayable debt to 7,000 for a two-term academic
  year and 10,500 for a three-term academic year.

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Prince Edward Island
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Prince Edward Island
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Newfoundland Labrador
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Newfoundland Labrador
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Newfoundland Labrador

• PROVINCIAL UPFRONT GRANTS
• When will I get my grant? 6 weeks after the start
  of classes if you have submitted a completed
  Income Confirmation Form.
• What if I dont submit my Income Confirmation
  Form?
• You will be deemed ineligible to receive the
  grant portion of your provincial assistance.
• How will I get my grant?
• A cheque will be issued in your name and
  sent to your educational institution (provided
  you are studying within Canada). You should
  contact the financial assistance office at your
  school.

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REPAYMENT ASSISTANCE PLAN
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Repayment Assistance Plan

• No borrower will ever be required to make a
  student loan payment above the affordable
• No payment will be required from those with very
  low income
• No borrower will have a repayment period
  exceeding 15 years.
• Available in Fall 2009

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General Information
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Millennium Bursaries

• The final cohort of students eligible to receive
  millennium
• bursaries will be that attending a Canadian
  post-secondary
• institution in the 2008-09 academic year. No
  student will
• receive a Millennium Bursary after 2009.
• Website http//www.millenniumscholarships.ca/en/i
  ndex.asp

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Canada Student Grants for Students with
Disabilities

• Students may be eligible for a Canada Access
  Grant (CAG)
• of up to 8,000 a year to cover exceptional
  education-related
• costs with their disability.
• Eligibility (must have a permanent disability be
  enrolled in a 40 course load for full-time
  students).
• Apply for CSLP and complete a separate
  application form for CAG.

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Federal Budget Highlights from 2006

• Exemption for income earned while in school is
  increased to 1,700.
• Full exemption is in effect for bursaries and
  scholarships (T4A receipted awards).

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Student Loan Debt

• Partly as a result of policy changes to
  government
• student loan programs, and increases in the cost
  of
• education over time, Class of 1999 graduates
  borrowed
• significantly more than their predecessors. To
  finance
• their 1999 programs, graduates borrowed 20,918
  on
• average, nearly 5,000 more than the Class of
  1996.1
• 1. Page 114, Maritimes Provinces Higher Education
  Commission (MPHEC) Survey of
• 1999 Maritime University Graduates in 2001
  (funded by NB, PEI NS)

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Student Loan Debt (cont.)

• Borrowing in the high range has also gone up
  considerably from the previous cohort, with over
  one quarter (27) saying they had borrowed
  30,000 or more (compared to 12 of borrowers in
  the Class of 1996.)2
• 2. Page 114, Maritimes Provinces Higher Education
  Commission (MPHEC) Survey of
• 1999 Maritime University Graduates in 2001
  (funded by NB, PEI NS)

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National Student Loan Service Centre

• National Student Loan Service Centre (NSLSC)
• Public Service Division
• 1-888-815-4514

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National Student Loan Service Centre

• National Student Loan Service Centre (NSLSC)
• Public Service Division
• 1-888-815-4514

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Part III

Financial Aid Office Programs Services
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UNBF Great Computer Give-Away Program

• UNBs Financial Aid Office, Student Union and IT
  Department participate in a computer draw
  program annually. In the fall of 2009,
  reconditioned computers will be provided to this
  needs-based program by UNBs 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.

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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 10.71 per hour.
• Please contact UNBs Financial Aid Office
  (453-4796) starting end of August, 2009 to set up
  an appointment for a Needs Assessment and
  review program eligibility.

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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 453-4796 for further
  information.
• Application deadline November 15, 2009
• Applications will be posted to www.unbf.ca/financi
  alaid/

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University Loan Program

• University loans are low interest short-term
  loans administered
• through the Financial Aid Office
• Eligibility is restricted to full-time students
  who have completed one term of studies at UNB
• Maximum loan per academic year is 800
• Please call Financial Aid Office to schedule an
  appointment.

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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.

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Financial Aid Office Tips

• Do not wait until you are accepted to university
  to apply for governmental loans
• Keep copies of EVERYTHING dealing with the
  governmental loan program
• Document dates (when you applied, sent
  information, etc.)
• If you are unhappy with your loan award, you can
  talk to Financial Aid Office staff about appeals
  for further loan assistance

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IMPORTANT INFORMATION on Dropping Courses

• Advise your son/daughter to contact the Financial
  Aid Office of UNB before dropping courses.
• Most provinces require at least 60 enrollment
  (3/3 credit courses) to maintain loan assistance
  in good standing.
• EXCEPTION NL NS and Students with Disabilities

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AWARDS

• Encourage your child to review financial options
  and resources by applying for
• scholarships/bursaries through UNBs
  Undergraduate Awards Office and UNBs
• 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. http//www.unb.ca/scholasrships/
• Bursaries (need-based)
• Need-based awards consider financial need first
  and, in some programs, an academic standing of
  2.0 and over.
• http//www.unbf.ca/financialaid/

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EXTERNAL AWARDS

• Also, check out on-line search tools for awards
  across Canada at the following web sites
• (this is not an all inclusive list)
• http//www.canlearn.ca/en/shared/pay/school/schola
  rships/index.shtml
• http//www.scholarshipscanada.com/
• http//www.studentawards.com/
• Dont forget to check out the valuable Job Search
  and Career Information located on
• UNBFs Student Employment Services web site
• http//www.unb.ca/employment/jobsearch/jobsearch.h
  tml

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Thank you for your support!

• Treat people as if they were what
• they ought to be and you help them
• become what they are capable of being.
• Author Johann Wolfgang von Goethe