yconic - Loans, Discussion Topic
A photo of Loans

Loans

Explore yconic
Explore Student Life Topics
My Money Matches
1092
Matches
Followers (170)
  • Leanne Yung
  • Audrey T
  • NS Voice
  • Rowan Hollinger
  • Zandra Asamoah-Boakye
  • Chanelle Harry- Boutué
  • Jeanette Pitawanakwat
  • Christelle Bernabe
  • jenny ballesteros
  • Joshua Marchesini
  • Fairuz Shahriar
  • Liz Morris
Scotiabank
STUDENT CHAMPION
yconic proudly recognizes Student Champion Partners who are providing our community with superior support for their student journeys. Learn More
Student Help Brands
AMA: Brock BAcc Graduate, Carleton MAcc Graduate, Big 4 Employee
My name is Neal, and I graduated from Brock's Bachelor of Accounting Co-op program in 2016 and Carleton's Master of Accounting program in 2017. I was a yconic Student Ambassador for 2016-17. Although I work full-time at PwC now, I'm still around answering questions about accounting as a career and universities. 

My co-op work experience includes:
-Corporate Accounting, Henkel (Germany)
-Assurance and Tax, Collins Barrow
-Risk Assurance, Ernst and Young

I currently work at PricewaterhouseCoopers in Assurance. . 

A snapshot of my time at Brock:  
-Served as an executive for several clubs  
-Participated in numerous internal/external case competitions and conferences  
-Served as a Tutorial Leader for Brock's first-year Macroeconomics course  
-Inducted into Beta Gamma Sigma (the top 10% of Goodman get invited)  
-Did co-ops and internships with 3 different companies in corporate accounting, assurance, tax and risk assurance located in Germany and Canada  
-Participated in a short-term exchange to France  
-Volunteered for the business school's Career Services office, where I critiqued students' resumes  
-Lived in residence (first-year) and off campus

A snapshot of my time at Carleton:  
-President of the Sprott MAcc Society  

Feel free to ask me questions below! Or you can add me on LinkedIn if you'd like to send a private message (https://www.linkedin.com/in/nsengupta).
Can I Get In!?
Here's some information and I'd love some opinions on whether I could get into the following schools for BA (either PoliSci or International Studies depending on the school).

Schools I'm applying to:
UofAlberta, UBC, McGill, UofT, Queen's, Waterloo, UVic, Dalhousie

Grade 11 Average - 92.6%
Grade 12 courses taken:
Law - 96%
Earth & Space - 90%

My current very preliminary sem. 1 looks like:
English - 92%
Chem - 85%
Business Leadership - 95 %
(91%ish average so far)

I'm in my second year as Student Senator of the school and second year as one of two student trustees in my school board, I volunteer with heart & stroke and cancer society, I've done six years of work with Me to We, I lead the Gender/Sexuality Alliance within my school... etc.

What do you think my chances of getting to those schools are? Scholarship possibilities? Thanks! 

PS no "trolls" please
A photo of Anonymous Anonymous
OSAP Question
I got accepted to all the schools I applied to, but was not able to afford it. Thankfully, the school I wanted allowed me to defer my admissions offer to next year so that I could take a year off to save money. My parents are in a bad place financially (they're in a lot of debt) and they can't help me with any of my finances, meaning I am responsible for all of my tuition, taxes, living expenses ect. Unfortunately, OSAP didn't care about my financial situation and the fact that my parents weren't helping with my tuition, they just cared about how much my parents make and the savings I had. My parents make a fair amount (middle class), so I didn't get enough from OSAP. I am currently working full-time (40 hours a week) and I plan on continuing to do so until I start school in September and then i'll go down to part time during the school year. .However, I am scared that since I have been working all year and saving up all my money, OSAP will take away all my grants. I am trying to apply for every scholarships but I don't meet the requirements for the majority of them. If OSAP takes away my grants, then I will not be able to afford school at all. Staying home for school isn't an option, because they don't offer the program I want at my local university. I save every penny I can and I never spent money on anything that isn't 100% necessary (not even coffee). I didn't get that much to begin with, but considering how much I'll have saved up during the school year, OSAP will probably take it out of the money they give me, starting with the grants. Is there any way I can make OSAP understand my situation and have them consider the fact that my parents are not helping me whatsoever?
Note: I originally didn't plan on taking a gap year, so I applied to OSAP and the final amount given was $7000 less than what I needed. Depending on how hard the school is and the work load, i'm not sure what kind of hours i'll be able to work during the school year and since I have to move away I won't be able to keep my job, so I'm not sure how long it will take me to find another one, meaning I could be out of work for a long time (it took me 10 months to find the job I have now). I'm also not sure whether or not my current job will allow me to come back during the summers (they typically don't do transfers so that's not an option either). I'm not just the first year i'm worried about but the three subsequent years as well (maybe more depending on whether or not I decide to get my masters). I know I should have started looking for a job earlier on but it's too late to do anything about that. If anyone has any tips or suggestions on what I can do about OSAP please let me know. Thank you!
A photo of Anonymous Anonymous
Question for TD Scholarship
This maybe a stupid question that my friend asked, can you upload a picture of the letter of recommendation for the TD Scholarship
A photo of Anonymous Anonymous
Financial Aid: How are you paying for school?
Hey everyone! I am one of your yconic Student Ambassadors for this school year. Today I will be discussing financial aid and sharing my thoughts on how you can pay for school.

Before you even apply to university, you have to pay fees to get your applications processed. In some cases, you might even have to pay more to complete supplementary applications (Check out my post last week about university applications: http://bit.ly/2jKJt6m). Unfortunately, this is only the beginning. 

I am currently in my third week of university and have spent A LOT of money. Textbooks alone can cost you hundreds of dollars. Thankfully, there are many ways for you to finance your education. 


1. OSAP (Ontario Student Assistance Program) 

OSAP is a financial aid program set up by the government to assist families and students to fund their education. You get grants and loans from OSAP and the amount depends on your family's income. That said, you might qualify for FREE tuition. 

When you're applying for OSAP, hand in your required documents ASAP to ensure that your OSAP money comes on time to pay your tuition and buy your course materials. 

Check out this page to get more information and to calculate roughly how much you can get from OSAP: https://www.ontario.ca/page/osap-ontario-student-assistance-program 

2. RESP (Registered Education Savings Plan) 

An RESP is like a savings account for your parents to contribute to for your post-secondary education. In addition to the amount your parents contribute, the government adds to it as well. 

3. Bank Loan 

Getting a bank loan is another option to help you pay for school, especially if you'll be studying as an international student abroad. It is important to note that the interest rate might be higher than OSAP and varies from bank to bank. 

4. Part-Time/Summer Job 

Working part-time or having a summer job is a great way to save and pay for school. It definitely helps reduce the amount you have to borrow to pay your tuition fees and course materials. An added bonus is that instead of asking your family for money, you have your own to spend for textbooks and of course, food! 

5. Scholarships and Bursaries 

Free money is awesome! Bursaries are offered to students who demonstrate financial need. Just like OSAP, it takes your family income into consideration. A lot of post-secondary institutions have a financial aid section on their websites, which gives students information on how to apply for them. 

In addition, you can get an entrance scholarship, which is based on your Top 6 for Grade 12. They might range from $500 to $4000 though it depends on the post-secondary institution. This is one of the reasons why it is important to maintain your grades after getting accepted into your program of interest. 

There are many scholarships available here on yconic, so if you're reading this, I would highly recommend that you start applying to them. Last year, one thing that I found surprising was the fact that many scholarships go unclaimed due to people not applying for them. Writing essays might seem unappealing and a lot of work now, but your future self will be thanking you later for doing so. 


Let me know in the comments how you plan to or are currently paying for school. If you have any questions, please check out my AMA as well: http://bit.ly/2fknIsA 

Hope to hear from you soon! 

Alyssa Vidal 
yconic Student Ambassador
housing questions for past and present UBC students!
Hey! UBC is one of my top schools that I want to attend in the future but the housing situation is making it hard for me to make a decision. As you all probably know the rent rates in Vancouver are craaazzzy high so I was wondering if any past or present students could answers my questions about residence and renting. 

 residence
 1. how many of you were accepted into residence in 2nd, 3rd, or 4th year? 
 2. would you recommend living in residence any year other than 1st? 

 renting
 1. how much was your rent?
 2. how many roommates did you have? 
 3. how close to UBC were you/how long did it take you to get to school? 
 4. how hard was it to find a place to rent? 

Also just a general question, how were you able to afford university at UBC?

 Thanks for taking the time to read this, I really appreciate it. :)
Should I stay Home or Live on Res?
So Im from Scarborough and will be attending York University this fall. I consider myself as an outgoing person and fun to be with and I will be commuting from home in about 1 hour and 20 mins. Do you think I should commute or live on res?
A photo of Anonymous Anonymous
Osap
Will it make a difference in the amount of grants and loans I get if I'm a part time student in my last semester versus a full time student in high school? And when is the deadline for osap?
A photo of Anonymous Anonymous
New Osap question
So apparently you get free money and a loan. Is it possible to just get the free money and not the loan?
A photo of Anonymous Anonymous
Having a job while studying architecture???
I'm planning on studying architectural science at Ryerson next year, although I haven't yet heard back, and I am wondering if current students in the program or other arch programs have time to work. The program is a lot and I would be moving across the country to go there, so I'm trying to find as many ways to save and earn money while at school.

Also what is the best way to deal with student loans and debt??
A photo of Anonymous Anonymous
OSAP Eligibility - Please Help!
HI all,

I am moving out of my parents' house permanently starting September and will be returning for my fourth year of studies the following September 2018. During this one year of time, I will be 100% financially independent from my parents. My parents currently make too much for me to be eligible but I will need to apply for OSAP so I can afford my last year of school. Will OSAP consider my financially independent? Any help is greatly appreciated!! 
A photo of Anonymous Anonymous
Is it worth it for me to move out for my undergraduate degree?
I calculated that it will cost me $10 000 for each school year's living expenses (renting an apartment alone, food, utilities, personal expenses). I believe this summer I can make $3900 working 35 hours per week and $7000 working 20 hours a week during the school term. Total: $10 900 for the first school year. This is with a minimum wage job.  I'll have four months between school years during which I could move home and get a full time job (40 hours a week, $8100 minimum wage). Total: $15 100 for each of the last three years, maintaining minimum wage. By grad school I would have accumulated $56 200. Take away the $40 000 per year, I would be left with $16 200 after earning my undergraduate degree. Now I could get a higher paying job or work more hours between school years, but this is the minimum amount that I am expecting to earn. 

Is it worth the money to leave home? I believe it would be a better experience if I moved out. I cannot live at home if I go to my first choice, which is in Ottawa. Otherwise I would live with my parents in Oshawa. I'd save $40 000, but is it worth it if I am unhappy? Do I really need to save up if my parents are paying for the education?

OSAP estimates that I would get $2300 grant and $6900 loan if I go to Ottawa. I am also from a middle class family. I don't think I qualify for any scholarships, aside from entrance ($2000 per year).
A photo of Anonymous Anonymous
Should I go to Trent or Carleton?
I want to live in Ottawa, but it would cost more because its too far to live with my parents. I chose  to apply Carleton mostly because of the environment. I fell I would be happy in Ottawa despite the anxiety of living independently. It's for undergrad psychology. Neither schools are known for their psychology programs, but apparently it doesn't matter much where you get your undergrad. Trent is ranked the number one undergrad though. I'm tied between being stuck in Durham with my parents, who I argue with constantly, or living on my own and having more debt and lack of preparation for independent living. If money wasn't a factor, I would have accepted Carleton already. I'm planning on having no roommates, nothing too expensive either.
A photo of Anonymous Anonymous
OSAP
Anyone start there OSAP applications?
A photo of Anonymous Anonymous
Schulich Scholarship Admission Requirements
Do they look at whether you took summer school or not? If so, will if affect my chances of getting the scholarship (to fast track not to repeat)?
A photo of Anonymous Anonymous
Should you live on campus in 1st year university?
For some students, living at home is not an option. Their university of choice is out of province, the program of choice is not available in their local university, etc. The question is then: to live on campus, or to live off campus while completing your education?

Pros of living on campus
- You'll become immersed in your community and make life long friends.
-It's a risk-free form of independence
-You'll be able to walk everywhere
-Fees are all inclusive, so you don't have to worry about budgeting for rent and food

Con's of living on campus
.-You get what you pay for...even if you don't need it
-Mandatory meal plans
-Sharing a crowded bathroom might not be your idea of a good time

Have you lived on campus? tell us what you found amazing and what sucked in the comments below!


Calling all yconic members!
We know it’s hard to think about but it’s almost that time of year again. Tell us your top 3 “Must Haves” for back to school and you could be featured in yconic's newest article.

Example:              1. My trusty Herschel backpack
                               2. Red TOMS shoes
                               3. My lucky pen
                              ~Jon, first year Queen’s student in Economics

Reply to this thread now for your chance to be featured!
Considering a Summer Job? Where, When, and How to Look
It's that time of year again! Many of you are looking into getting summer jobs! Luckily for you, our team here at Yconic is dedicated to making sure that you know exactly where, when, and how to look. 

Government of Ontario
The government of Ontario has recently opened the "Ontario Public Service Careers" website to allow students (high-school and university) a chance to become a public servant. Jobs range from working at the Ontario Science Center, Ontario Parks, being a research assistant, laboratory jobs, working for various ministries, etc. Many of these jobs begin in May for university students but are also open for students to begin in late June/early July.  Please be aware that many of these jobs will require previous volunteer/co-op experience as they are not entry level jobs. For the application process, you will only need to submit your resume and a cover letter expressing your intent. 

Deadlines are broken down based on ministry/department. 

January 17: Administration Information, Management Agriculture, and Livestock
January 31: Business, Technology, Language
February 14th: Policy, Engineering, Enforcement, Ontario Place, Parks (1st posting)
February 28th: Environment,  Science
March 14th: Social Services, Maintenance
March 28th: Customer Service, Clerical, Parks (2nd posting)

https://www.gojobs.gov.on.ca/Pages/SEODatesAndResources.aspx

Food Service/Retail
For food service and retail, summer is a great time for them to recruit students like yourself! Jobs with Tims/McDonalds (food service in general) are great for students as they are super flexible with work hours both during the summer and during school. Many of these companies hold hiring days where managers are available to accept your resume, personal information, and help you fill out an application. Those that don't have specified hiring days (retail, other fast food places)  have job posting on their careers website where you can choose your restaurant location closest to your home. 

e.g.
McDonalds Hiring Day: Early-Mid April 

Research Positions 
For science (and research intensive) undergrad students out there, there are tons of opportunities where universities and affiliate research (hospital) labs are hiring summer students. During this time, your application (gpa, resume, cover letters, etc) will be screened by individual principal investigators who will then invite you to their office for an interview. Go and check out university, hospital, and research website for updates! 

e.g. 

Mount Sinai Hospital (RTC Summer Research Program for Undergraduates ): Deadline is Feb. 28th

What did you think of my suggestions?

if you have any other suggestions, feel free to comment and post below! 

-Benson Law
Yconic Student Ambassador 

Cost for univeristy
Isn't it crazy how we go to university to get a higher education so we can get a job and become successful, yet extremely bright people come from lower class families cannot even afford it. That's how the poverty cycle continues
A photo of Anonymous Anonymous
osap tuition free?
Does anyone know if free tuition under 50,000$ is before or after taxes?
A photo of Anonymous Anonymous
Financing Queen's Commerce
I was accepted to Queen's commerce (woohoo) and now that I am in, the harsh reality of the $16,000+ tuition is setting in. I won't be getting help from either of my parents to cover my education and I know that my minimum wage job isn't going to cover it. 

So my question is, is the program really worth it as opposed to a cheaper program like Laurier BBA? Also if anyone here has any first hand experience with loans and paying it back, I would love some honest feedback. I've applied for tons of bursaries, and I know I will get OSAP but it still won't cover it all. 
A photo of Anonymous Anonymous
What will happen to OSAP when I withdrawn all the course
Any negative impact like may be unable to get future aid.? I chosed no loan option so all I got was student grants. Thinking of switching from university to college, withdrawn the courses early can get part of the refund tho.
A photo of Anonymous Anonymous
Are you optimistic about life after post-secondary school?
For me, this is a big smack of reality. I’ve spent the last four years studying Journalism and Public Relations, and I am aware that jobs for graduates are getting more difficult to find pending your field – for media, they are a bit more sparse. I graduate in a few months, and I’m not even sure what I’d like to do with my degree and post-graduate certificate. I’m trying to stay optimistic, as I always try to. I’m one of those people that believe if you stress yourself out with the nitty gritty you’ll miss the opportunities you could have been given. When people ask me “what are you going to do when you graduate, Kat?” my answer is always “I don’t know – I’m going to see what kinds of doors and windows open for me.” It’s not that I don’t have goals, it’s just that I recognize that if I’m adamant on being a CNN anchor, I may miss amazing opportunities because I was focused on the big leagues. I may not end up in the field I studied, but when I started university I was 100% positive I would be a print journalist. Over the last four years, I swayed to public relations and was given the opportunity to do a post-grad while still in my undergrad. 2 Credentials, less money spent, and the same 4 years of university! If my future offers me anything like what it’s already offered me at university, I’m definitely optimistic about it. 

Are you optimistic about life after post-secondary school? What does the success rate for jobs look like for you in your future field?

Kathleen
yconic Student Ambassador
Grants for students who already graduated
Hello, 

I am trying to find grants or bursaries for people who have already graduated, but need assistance to pay off their student loans. Any help would be great! 
A photo of Anonymous Anonymous