Budgeting for university

Educate yourself on the art of budgetingLooking at all the costs, from tuition to books, student fees to living expenses, it's easy to understand how many people considering enrolling in university feel overwhelmed.

Financing your university education is an investment in your future.

The vast majority of university students are in the same position that you are in - they pay for their education using scholarships, bursaries, loans, employment and careful budgeting.

Managing your money

First develop a budget, and follow it religiously. Below you can find a sample budget.

ExpenseFrederictonSaint John
Tuition $6,187 $6,187
Residence and meals $8,896* $6,826*
Student union fee $95 $140
CHSR/CRSJ fee $15 $20
Brunswickan/Baron fee $13 $20
Health fee $52 $52
Facility Access fee $156 $0
Technology fee $52 $52
Installment fee $30 $30
First-year orientation fee $65 $40  
Student health insurance $142 $142
Facilities improvement fee $185.50 $185.50
Dental insurance (optional) $118 $118
Parking (optional) $123 $123
Supplemental fees $1,000 - $6,000 $730 - $1,500
Books, equipment and supplies $1,000 - $1,500
Local travel $600 - $800
Spending money (entertainment, clothing, laundry) $1,200

 

Revenue
Scholarships or bursaries
Parent's contribution
Government or bank loans
Summer job
Part-time job

* Based on double room occupancy.  Please see Residence Fees for more options.

If you need one-on-one advice, the Saint John and Fredericton Financial Aid offices will be more than happy to help you out.