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First Year University Expenses in Canada

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Re: First Year University Expenses in Canada

#11
For those reading this and thinking that it's "not much cheaper than America" are missing a major point - student loans work differently there.

This article is about the University of Waterloo in Ontario. Ontario student loans are need-based, and each academic year any loan amount beyond $7,300 is forgiven.

See also https://osap.gov.on.ca/OSAPPortal/en/A-ZListofAid/PRDR008169...

Re: First Year University Expenses in Canada

#12
post #11

For those reading this and thinking that it's "not much cheaper than America" are missing a major point - student loans work differently there. This article is about the University of Waterloo in Ontario. Ontario student loans are need-based, and each academic year any loan amount beyond $7,300 is forgiven. See also https://osap.gov.on.ca/OSAPPortal/en/A-ZListofAid/PRDR008169...

The Ontario student loans program are pretty decent. Though, there's always that scenario where your family income is high, so your loan amount isn't forgiven.

Re: First Year University Expenses in Canada

#13
post #11

For those reading this and thinking that it's "not much cheaper than America" are missing a major point - student loans work differently there. This article is about the University of Waterloo in Ontario. Ontario student loans are need-based, and each academic year any loan amount beyond $7,300 is forgiven. See also https://osap.gov.on.ca/OSAPPortal/en/A-ZListofAid/PRDR008169...

[deleted]

Re: First Year University Expenses in Canada

#14
I would say that a lot! Median salary in Ontario is $49,088, before taxes, university expenses of 27kCAD are insane for me in that scale! I literally paid zero euros for whole 5 years in university, the only expenses I had were obviously housing (with roommates to save money), groceries, public transit (cheap with student card) and clothing.

Re: First Year University Expenses in Canada

#15

Interesting that they pay a co-op fee in first year. I only had to pay co-op fees for the semesters before I actually went on a co-op term; and the first co-op term wasn't until after second year. Although it wasn't a huge part of the overall cost, $500+ is still a significant amount of money for a first year student. I went to Dalhousie University

You actually have to pay all 8 terms of school, even if you only take 6 co-op terms. Also, the co-op fee increases every year as well.

This isn't true for waterloo. (Bo was probably in 4 stream.) We only pay for the terms before we actually go onto co-op.

EDIT: As he points out below, it's different for different programs (even within engineering some pay 2 terms before their first term and some pay 1 term before. However the fees continue onwards for every term that the student is not in co-op).

Re: First Year University Expenses in Canada

#16
Some context here:

1) This is for one, 4 month term at university in Canada (uwaterloo specifically) for an engineering degree. Other degrees are lesser in cost (math is similar, which includes CS) A lot of the miscellaneous fees drop off in the second term (you only pay them once per year).

2) These are domestic fees, international fees are much higher (approx 3x) but still only around 1/3rd of the international US tuition.

3) This includes residence and food in it.

4) Co-op fees are paid for every term before you go on co-op, engineering typically has 6 terms before we graduate.

5) It is FAR cheaper to live off campus and cook.

6) It is still far cheaper than the US universities (even if you're in state)

EDIT: The image for the fees was for one 4 month term.

Re: First Year University Expenses in Canada

#17

Some context here: 1) This is for one , 4 month term at university in Canada (uwaterloo specifically) for an engineering degree. Other degrees are lesser in cost (math is similar, which includes CS) A lot of the miscellaneous fees drop off in the second term (you only pay them once per year). 2) These are domestic fees, international fees are much higher (approx 3x) but still only around 1/3rd of the international US…

Would it be cheaper to go study, say in Germany? Education is free and your expenses are food and roof?

Re: First Year University Expenses in Canada

#18

Earlier quoted context omitted.

You actually have to pay all 8 terms of school, even if you only take 6 co-op terms. Also, the co-op fee increases every year as well.

This isn't true for waterloo. (Bo was probably in 4 stream.) We only pay for the terms before we actually go onto co-op. EDIT: As he points out below, it's different for different programs (even within engineering some pay 2 terms before their first term and some pay 1 term before. However the fees continue onwards for every term that the student is not in co-op).

I am in stream 8 engineering. I was charged in both my 1A & 1B term. Edit: I believe it's different for non-engineering co-op students.

Re: First Year University Expenses in Canada

#19
post #17

Some context here: 1) This is for one , 4 month term at university in Canada (uwaterloo specifically) for an engineering degree. Other degrees are lesser in cost (math is similar, which includes CS) A lot of the miscellaneous fees drop off in the second term (you only pay them once per year). 2) These are domestic fees, international fees are much higher (approx 3x) but still only around 1/3rd of the international US…

Would it be cheaper to go study, say in Germany? Education is free and your expenses are food and roof?

If it was possible certainly, however a lot of european universities especially in the Schengen region require the knowledge of a language other than english (whether German, Swiss etc.) for effective learning (a language which is probably not as common in a non-Schengen area).

Furthermore visa and citizenship requirements probably preclude the same for international students, however I'm not too well informed in that regard.

Re: First Year University Expenses in Canada

#20

Some context here: 1) This is for one , 4 month term at university in Canada (uwaterloo specifically) for an engineering degree. Other degrees are lesser in cost (math is similar, which includes CS) A lot of the miscellaneous fees drop off in the second term (you only pay them once per year). 2) These are domestic fees, international fees are much higher (approx 3x) but still only around 1/3rd of the international US…

"My total expenses from September 2014 to April 2015 was just over $27,000."
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