Resources: Application Form

Financial section

1-How do I fill the financial section of the bursary application form?

The first section is your financial resources for one (1) academic year (10 months). This is to determine your ability to support yourself/your family financially while completing the current college year. This includes the amounts you know you will be getting later in the year. For example, from a part-time job.

The second section is the expenses and cost for the one (1) academic year. (10 months)
This is to determine what will be your cost of living during this one (1) academic year.

This information is used to determine your financial need for the academic year.
In other word we are comparing your education/living cost versus your ability to fund it for the (1) academic year (10 months).
 
**Please note that in case of major discrepancy/omission or false information your bursary application could be rejected.** 

Instruction:

Divide the total amount of your savings by the number of years of your study program.

That total amount should be added to the sum of the Total Savings field.

Example 1

• You are an international student with a study permit and a family of 2 (including yourself).
• This is the first year of your study program.
• Per the Government of Canada, you should have a minimum of $25,690 in savings on your first year of the study program.
• Your study program is 2 years long, so you divide $25,690 by the 2 years.

Total of international student savings: $12,845

*If you have more savings than that $25,690, you divide THAT amount by the 2-year length of your study program.

Example 2

• You are an international student with a study permit and a family of 2 (including yourself).
• You are starting the second year of your 2-year-long study program.
• Per the Government of Canada, you started your first year with a minimum of $25,690 in savings.
• How much money of that original $25,690 (or more) do you have left for this year?

Total of international student savings: What is left of your savings after your first year.

Example 3

• You are an international student with a study permit and a family of 3 (including yourself).
• This is the first year of your study program.
• Per the Government of Canada, you should have a minimum of $31,583 in savings.
• Your study program is 3 years long, so you divide $31,583 by the 3 years.

Total of international student savings: $10,527.67

*If you have more savings than $31,583, you divide that number by the year length of your study program.

Example 4

• You are an international student with a study permit and a family of 3 (including yourself).
• You are starting the third year or your 3-year-long study program.
• Per the Government of Canada, when you started your first year of the program, you had a minimum of $31,583 in savings.
• This average to $10,527.67 per year.
• With some savvy managing, you are starting your last year of study with $11,540 left in savings.

Total of international student savings: $11,540
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3-What is Parental or Spousal Contribution?
The amount of money that the parents or/and the spouse of a student are expected to contribute for their educational and/or living costs during the academic year. (10 months)

If you want to use our calculator to calculate the annual total, click on Calculate to add the amount and number of months of the contribution.

4-What is Employment Insurance Benefits (EI)?
Employment Insurance refers to the benefits received during your studies. (The current academic year - 10 months)

If you want to use our calculator to calculate the annual total, click on Calculate to add the amount and number of months of the benefit.

5-What is Part-Time Job Earnings?
Part-Time Job Earnings refers to the salary you estimate making during the academic year. (10 months)

If you want to use our calculator to calculate the annual total, click on Calculate to add the amount per month and number of months working.

6-What is Student Loan and Bursary?
Student Loan and Bursary is the total value of your student loan and the bursary portion of your application to your governments.

If you have not received your Student Loan and Bursary or you are not eligible for a Student Loan and Bursary, please indicate 0.00.

7-What is Other bursaries, scholarships or awards?
Please indicate, at this point, the total amount of all the other bursaries, scholarships or awards your received or know you will receive, for the current academic year.

8-What is Training and Skills Development (TSD)? 
A post-secondary education program that has been introduced in an effort to ensure that case managed individuals, whose employment action plan identifies skill development as being necessary, have access to funding to assist them in achieving their goal.

Please indicate the total amount of your TSD financial assistance for a college year (10 months).

9-What is considered government assistance?
In this case, any financial or beneficial aid provided by the government. Examples: student loans, student grants, employment insurance benefits (EI), social assistance, post-secondary education program, etc.

10-What is Other financial resources?
Other financial resources is EVERYTHING ELSE. Every other source of money, income or support not yet entered in the financial resources section. 

For each financial resource, you must specify what it is and then indicate the amount associated with that financial resouce. 

If you have more than one resource, click on the ‘+’  beside the Amount field, to add another (the minus will remove one). 

Expenses and cost 

Tuition fees are added automatically and also include both the mandatory student union/student association fees and the technology fees. CCNB  NBCC  NBCCD  

11-Books, materials and other costs related to your program
The total cost amount of books, tools, specialty items and school supplies needed for this year of college. The first year students can also include the application fee and confirmation deposit to this amount.
CCNB  NBCC  NBCCD

12-Board and lodging
The total amount of the Board and lodging includes rent, electricity, internet fees, house: taxes and mortgage payment, television: cable or satellite, phone/cell phone, water/sewer.

If you want to use our calculator to calculate the annual total, click on Calculate to add the amount per month for a maximum of 10 months. (a college year.)

13-Transportation
The total amount for transportation fees includes taxi, bus, carpooling, vehicles: fuel and maintenance.

If you want to use our calculator to calculate the annual total, click on Calculate to add the amount per month for a maximum of 10 months. (a college year.)

14-Living Expenses
The total amount of living expenses includes groceries, household cleaning or housekeeping products, personal/health care items, insurance. (For insurance cost thru your college: CCNB  NBCC  NBCCD)

If you want to use our calculator to calculate the annual total, click on Calculate to add the amount per month for a maximum of 10 months. (a college year.)

15-Childcare (if applicable)
The total amount for childcare services if applicable.

If you want to use our calculator to calculate the annual total, click on Calculate to add the amount per month for a maximum of 10 months. (a college year.)