Personal Funding Resources

Personal Funding Resources

Family Contributions

Family and friends may be happy to help you through monetary gifts. Cash received for birthdays and Christmas may be all the assistance that you need.

RESP's

If your parents purchased a Registered Education Savings Plan, they should contact the provider for information on claiming those funds. Most of them pay the funds in equal installments spread over the length of your education program, usually 3 or 4 years.

Available Savings

Saving may not be easy, but is a great way to avoid loan payments, or at least to reduce them to a minimum.

On and Off-Campus Employment

Working during the year to support your education is not unusual. The key to success is finding an employer who will be sympathetic to your scheduling needs. Keep in mind, that businesses do have responsibilities and that you, as an employee, will also need to be sympathetic to the needs of your employer. By creating a foundation of trust of both sides, your sojourn in the work place can be pleasant, even enriching and will help keep your education expenses to a minimum.

Keep in mind that AUC-NUC does provide opportunities for students to work on campus in areas such as Campus Services, Athletics and Enrolment. In most cases, departments are ready and able to accommodate the scheduling needs of students. This type of employment may provide the greatest amount of flexibility for you. We have provided an "On-Campus Employment Application" for your use.

Have You Thought of This...

Church Contributions

Your Church may be willing to support you through a scholarship fund or special offering for your benefit.

Employer Scholarships/Bursaries

Your parents place of employment may offer scholarships or bursaries to family members

Student Line of Credit

A Student Line of Credit is a loan program run by all banks. Your line of credit must be co-signed by a responsible adult (usually a parent). The funds are available only during the study period (September to April) and function much like a credit card. The benefit of having a line of credit as a back up becomes very clear if you should ever run into problems with your student loan application. You can pay your student account and save both stress and money in the process. You would probably also have enough funds to be able to pay your rent and eat, while sorting out your student loan problems. Each bank has slightly different rates and requirements so check around carefully for the best line of credit for your situation.