Numbers
So if I live in residence in SFU, both the Canada Student Loans and BC student loans won't cover all the expenses. Meaning the cost of living in residence will not be covered by the loans. What's more is that there's a sort of a cap on the amount that I receive. Therefore if my fees are more than that cap, I have to pay for the rest myself. I could always get a job and pay for that myself, but I'd have to declare that in my student loan application (something about it being illegal otherwise) which would result in my getting less student loans since I have income coming in to help pay for the fees and expenses.
In other words... my SFU fees can reach to about 6 grand (if I live in residence) and my student loans (BC and Canada combined) will only be around 4 grand (CAP amount) I'll have to find the money to pay for the $2,000 somewhere else.
... so... does this mean I'm screwed?
The choices I have right now are...
1.) Continuing to live with my parents and receive student loans but live so far from civilization (1h46min transit to SFU, or 25 min drive to a sky train and then transit the rest of the way (1h21min) to SFU, or 43 min drive to SFU) - this is since they're moving to LANGLEY. >.>
2.) Live with my aunt and uncle in Burnaby and transit to SFU (minutes to Millenium sky train stop). I'd have to declare that I'm living with relatives, therefore will receive less student loans since I'll be classified as dependent and not independent. But hopefully by doing so there's a chance that my student loans will help pay for most, enough of, or maybe even all of my fees.
3.) Hope that there's been some sort of miscommunication between the Student Loans agents and myself and live in residence and pray that all expenses will be paid with enough left over to live on for four months?
THIS SUCKS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I do envy people's parents who can pay (or help pay) for their fees...
But just to make sure, any of you out there go to school (university) full time and live in residence and is using student loans to pay for it? If so, how is it working out for you? Does it actually pay for the tuition and the residence with enough left over? In other words, anyone out there able to tell me that my calculations are wrong?
In other words... my SFU fees can reach to about 6 grand (if I live in residence) and my student loans (BC and Canada combined) will only be around 4 grand (CAP amount) I'll have to find the money to pay for the $2,000 somewhere else.
... so... does this mean I'm screwed?
The choices I have right now are...
1.) Continuing to live with my parents and receive student loans but live so far from civilization (1h46min transit to SFU, or 25 min drive to a sky train and then transit the rest of the way (1h21min) to SFU, or 43 min drive to SFU) - this is since they're moving to LANGLEY. >.>
2.) Live with my aunt and uncle in Burnaby and transit to SFU (minutes to Millenium sky train stop). I'd have to declare that I'm living with relatives, therefore will receive less student loans since I'll be classified as dependent and not independent. But hopefully by doing so there's a chance that my student loans will help pay for most, enough of, or maybe even all of my fees.
3.) Hope that there's been some sort of miscommunication between the Student Loans agents and myself and live in residence and pray that all expenses will be paid with enough left over to live on for four months?
THIS SUCKS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I do envy people's parents who can pay (or help pay) for their fees...
But just to make sure, any of you out there go to school (university) full time and live in residence and is using student loans to pay for it? If so, how is it working out for you? Does it actually pay for the tuition and the residence with enough left over? In other words, anyone out there able to tell me that my calculations are wrong?