supporting student accessibility. overview cost of attending tuition other costs supports to...

Post on 18-Jan-2018

221 Views

Category:

Documents

0 Downloads

Preview:

Click to see full reader

DESCRIPTION

Expenses – fall & winter study semester* Tuition (BA, BSc)6,200 28% Compulsory Fees Student Organization Fees 672 University Fees 5081,180 5% Books (estimate)1,200 5% $8,580 Student Housing (Single East Residence)7,148 32% Meal Plan (full)4,805 21% Personal Costs2,000 9% Total $22,533 Costs per semester = $11,266 *Based on costs 3

TRANSCRIPT

Overview

Cost of Attending Tuition & Other Costs

Supports to Offset Costs Government Student Assistance University Scholarships & Financial Aid

2

Cost of Attending University

Expenses – fall & winter study semester*Tuition (BA, BSc) 6,200 28%Compulsory Fees

Student Organization Fees 672University Fees 508 1,180 5%

Books (estimate) 1,200 5%$8,580

Student Housing (Single East Residence) 7,148 32%Meal Plan (full) 4,805 21%Personal Costs 2,000 9% Total $22,533Costs per semester = $11,266*Based on 2015-16 costs

3

Domestic - UndergraduateProgram Guelph

Rank (H->L) Min Max Range

Arts/Science $6,199 8/19 $5,878 $6,234 $356Engineering $11,437 6/14 $7,392 $13,620 $6,228Computer Science $8,299 6/18 $6,085 $12,354 $6,269

Business $8,299 8/17 $6,221 $24,905$18,68

4

Tuition Comparators - Ontario

Tuition ComparatorsDomestic Undergraduate

Tuition ComparatorsInternational Undergraduate

Tuition ComparatorsDomestic Graduate

Tuition ComparatorsInternational Graduate

Fee Type Fee Rank (H->L)

Min Max Range

Retained by Institution

$507 6 $192 $1,503 $1,312

Behalf of Students

$656 8 $436 $923 $488

Total $1,163 5 $800 $2,242 $1,442

Tuition + Compulsory Fees

$7,363 5 $6,873 $8,446 $1,572

Compulsory Ancillary Fees

-$600

-$400

-$200

$0

$200

$400

$600

$800

$1,000

$1,200

Compulsory Ancillary Fees 2015-16Undergraduate - Entering Students - Domestic -

Arts/Science- Guelph Base -

Fee

Diff

eren

tial

Com

pare

d to

Gue

lph

($s)

Compulsory Ancillary Fees

10

Our fundamental principle is that, working in partnership with government and students all qualified individuals should be able to attend university regardless of their financial status.

Government Student Assistance Programs, e.g. OSAP

osap.gov.on.ca

University Programs◦ Scholarships ◦ Bursaries◦ Work Study & Research Assistantships◦ Financial Payment Arrangements

Financial Support for Students

11

OSAP is based on family size, income, and number of dependents attending post secondary, and full-time or part-time status. There is an OSAP Estimator on the OSAP web site

OSAP is not designed to cover 100% of expenses. Main program but amount depends upon numerous factors

OSAP Availability

12

Federal and Provincial

Maximum Loan With Grants

Single $11,680 $15,000

Married $18,080 $24,000

A few examples of grants within the program

OSAP Responds to Specific Attributes

13

GRANTS & BURSARIES Value Period of Time Administered byAboriginal Postsecondary Education and Training Bursary $1,000 per academic year InstitutionCanada Student Grant for Persons with Permanent Disabilities 2000 per academic year OSAPCanada Student Grant for Persons from Low-Income Families $250/mth max $3,000 per academic year OSAPCanada Student Grant for Persons from Middle Income Families $100/mth max $1,200 per academic year OSAPCanada Student Grant for Persons with Dependants $200 /mth per dependant OSAPCanada Student Grant for Services and Equipment for Persons with Permanent Disabilities (Canada & Ontario) $10,000 per academic year Institution

Child Care Grantmarried $1,120/child max; sole

support $2,240/child max per academic year OSAPLiving and Learning Grant (LLG) $500/mth max $6,000 per academic year OSAPOntario 30 % Off Tuition Grant $1,830 per academic year OSAP/stand aloneOntario Access Grant 25% - 50% of tuition up to $3,000 1st & 2nd year only OSAPOntario Distance Grant - Commuting $500/term max $1,500 per academic year OSAPOntario Distance Grant - Travel $300 per academic year OSAPOntario First Generation Bursary $1,000 per academic year Institution

Ontario Out-of-Country Bursary for Deaf Students varies per academic year

OSAP & separate application

Ontario Student Opportunity Grant reduces COISL to $7,400 (2 terms) $11,100 (3 terms) per academic year OSAP

Crown Ward Bursary for Youth Leaving Care up to $6,000 combined funding per academic year OSAP/Institution

The Ontario Student Opportunity Grant (OSOG) is available to help students reduce their annual debt. It limits the amount of the student loan that eligible students are required to repay

$7,400 per two-term year of study (e.g., fall and winter) $11,100 for a three-term study year (e.g., fall, winter, summer) Will be indexed each year effective 2016/17 Determined after the completion of each study period within an

academic year. The grant is applied directly to your outstanding loan amount.

Ontario Student Opportunity Grant

14

Increased support◦ Vehicles are no longer considered an asset ◦ Ontario 30% off tuition grant for students from

families that make less than $160,000.◦ Indexing student aid to inflation (effective 2016/17)

Ease of use◦ Electronic confirmation of enrolment ◦ Online submitting of required documents◦ Need only to complete one loan agreement and

signature pages. ◦ Students can now receive funding in advance of the

first day of classes

OSAP Improvements

15

Guelph Student OSAP Funding

The Ontario 30% off tuition grant was introduced in W’11 and increased participation in OSAP.OSAP grants and loans have increased 45% when compared to 2010/11 and the number of recipients increased 27%. In the same time frame enrolment increased 5%

2010/2011 2011/12 2012/13 2013/14 2014/15OSAP Dollars $56,980 $62,911 $74,966 $80,991 $82,645OSAP Recipients 7,248 7,711 8,698 8,984 9,205

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

# of

OSA

P Re

cipie

nts

OSA

P Do

llars

in th

ousa

nds

OSAP Student Funding Graph F

16

38% of Guelph students are receiving OSAP

University Financial Support Scholarships & Bursaries (Domestic &

International)◦ Entrance◦ In-course

Work Study (Domestic & International) Undergraduate Research Assistantships (Domestic) Financial Payment Arrangements Graduate funding may include:

◦ Scholarships (external & internal)◦ Graduate Teaching Assistants◦ Graduate Research Assistants◦ Graduate Service Assistants

17

Merit Awards Undergraduate

◦ University of Guelph Entrance scholarship program: guaranteed based on minimum Admission average of 85.0% regardless of need.

◦ Graduate◦ Provides a minimum stipend of $17,500.00 for all domestic &

international doctoral students for a period of three years.◦ 95 entrance awards◦ Full details can be found on the Graduate Services website

Undergraduate Entrance Awards

18

2010-11 2011-12 2012-13 2013-14 2014-15 $-

$1,000

$2,000

$3,000

$4,000

$5,000

Entrance Scholarship85.0% - 89.9% $2,000

90.0% + $3,000

Tota

l Sch

olar

ship

s Aw

arde

d(in

thou

sand

s)

Graph C

Entrance Scholarship

19

In addition to the University’s guaranteed entrance scholarship, approximately $1 million in additional entrance scholarships were awarded.

Combination of Funding◦ Bursaries (undergraduate & graduate)◦ Work Study (undergraduate & graduate)◦ Undergraduate Research Assistantships◦ Emergency Financial Assistance (undergraduate & graduate)◦ Compassionate & Emergency Medical bursaries (undergraduate &

graduate)

Need-Based Awards

20

Each year the University is required to set aside a portion of the revenue from annual domestic tuition increases and make it available in the form of need based assistance. Policies outline how TSA can be allocated.

Tuition Set Aside Funding

21

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015Graduate $583 $451 $544 $367 $480Undergraduate $6,040 $6,975 $7,361 $8,175 $8,391Total Assistance Provided $6,623 $7,426 $7,905 $8,542 $8,871

$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000

$10,000

Tuiti

on S

et A

side

(In th

ousa

nds)

Tuition Set Aside(excludes Guelph-Humber)

Graph D

On Campus EmploymentWork Study Program On-campus part-time work experience for full-time Guelph students

who demonstrate financial need Approximately 10-15 hours a week Expected earnings of $3,000 per two semesters 700 students participated in 2014/15

Undergraduate Research Assistantship Program

Full-time summer research employment Minimum expected earnings is $6,600 145 positions available for Summer 2016

22

Student Financial Arrangements

23

Students were completing financial arrangement to protect themselves until their OSAP funds were received. However, the majority of OSAP funding is received well in advance of the payment deadline date.

Students who are not able to meet the payment deadline dates can apply for a financial arrangement to make payments throughout their current semester.

10/11 11/12 12/13 13/14 14/15# of Financial Arrangements 1,890 2,440 2,736 2,802 2,461% Change -1% 29% 12% 2% -12%

-

500

1,000

1,500

2,000

2,500

3,000

Student Financial Payment Arrangements

A number of merit & need-based awards including donor funded awards

Listing is available on Student Financial Services website, using the

Searching for Awards

24

University of Guelph Support

25

Student Financial SupportStudent Participation Rates

OSAP $ 82.6 mUniversity $ 60.7 mTotal $143.3 m

56% of UoG undergraduate & graduate students received financial support

Ontario Student Loan Default Rates

27

www.uoguelph.ca/registrar/studentfinance/

(519) – 824 - 4120 x 58715

fininfo@uoguelph.ca -OSAPaccquest@uoguelph.ca -Accountsawards@uoguelph.ca -Awards

Contact Us

28

top related