Canada loan mature student

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By Special to MoneySense on August 18, Mature students who return to education have much more complex financial lives, experts say, and determining how to pay thousands of dollars in tuition, books and other expenses can be tricky. But with proper planning, a university degree can offer a good return on investment. Money coach Melanie Buffel, who returned to complete her MBA as a single mom more than 20 years after finishing her last degree, says adults must plan carefully before returning to school as a mature student. She suggests prospective students should first add up all the costs of school, including easily overlooked items such as additional childcare and transportation. With a clear picture of how much money is needed, the next step is to determine whether to work full-time, part-time or not at all during their studies.
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Determine your eligibility

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Apply | StudentAidBC

To receive student financial assistance, you must meet all of these basic eligibility criteria:. To receive student financial assistance, you must be a resident of B. To determine residency, students are classified either as Dependent or Independent. This classification is also used to determine financial need. If you are classified as Dependent, your residency is defined as the Canadian province in which your parent s , step-parent s , sponsor or legal guardian have lived most recently for 12 continuous months. If your parents are separated or divorced, or if your parent is single, only one parent's financial information is used to calculate financial need. This is the parent who is your main financial supporter.
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Going back to school? Here are 10 ways to pay for your education

Tools and Resources. Learn more. A line of credit to help conquer your goals.
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Are you a mature student considering going back to school? If so, you know how daunting it can be to find ways to pay your tuition and education costs. Between the increased costs of a post-secondary education plus a likely decrease in income, many people stop before they really even start. However, you might have more options than you realize.
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