Budgeting for Your Education

    • To minimize your overall debt upon graduation, it is important to develop a personal budget each month, term, and academic year. It's never too late to start! Your personal budget shows you where money is being allocated (total income less total expenses) and details fixed costs (tuition, books, rent, etc.) and variable costs (phone bill, utilities, etc.). You should also budget for an emergency situation so that you have funds to draw upon in an unexpected situation.

      Start planning your budget with the use of our Budget Worksheet (pdf).

      Financial Aid and Awards offers a number of workshops each term, including Money Management Seminars, Understanding Student Loan Forums, and How to Apply for Awards Workshops.  Visit our Events page for details on upcoming sessions.

      Options for Financing Your Education

    • RESPs

      Intended for educational purposes, have you or your family invested in a Registered Education Savings Plan (RESP) from which you may be able to withdraw funds?

      Savings

      Have you been able to put some funds aside? Do you have any investments?

      RRSPs

      Under the Lifelong Learning Plan (LLP), you may be able to withdraw funds from your Registered Retirement Savings Plan (RRSP) to finance your education.

      Family

      Are there any family members who may give or lend you some funds for your education?

      Assets

      Do you own any assets such as a valuable car or property which you can consider selling to help pay for your education?

      Work

      Not only can you save from your summer job earnings, but you might be able to work part-time while you are attending school.

      Co-op

      Does your program of study offer a co-op option?

      Scholarships, Bursaries, Awards and Grants

      Non-repayable “gifts” from donors available through Capilano University, as well as through external award sources. See Scholarships, Bursaries and Awards.

      Government Loans

      Full-time and part-time students meeting residency requirements may apply for government student loans through StudentAid BC. Students from out-of-province and U.S. students meeting eligibility requirements with a private U.S. lender may also be eligible for student loan funding.

      Student Lines of Credit

      Student lines of credit (private loans) are available through many banks and credit unions. Contact a banking institution to determine if you qualify for a student line of credit or other student products that may assist you with your financial needs. The following websites are meant as a guide only. Most banks have a section dedicated to student services.
      BankWebsite
      Bank of Montreal www.bmo.com
      CIBC www.cibc.com
      North Shore Credit Union www.nscu.com
      Royal Bank www.rbcroyalbank.com
      Scotiabank www.scotiabank.com
      TD Canada Trust www.tdcanadatrust.com
      VanCity www.vancity.com

      Financial Literacy

      The Financial Consumer Agency of Canada provides a helpful website on financial literacy (banking, credit cards, lines of credit, budgeting, loans, etc.) Note: Financial Aid and Awards does not endorse any particular information provided: