Conclusion

There are a variety of direct and indirect costs associated with post-secondary education. At the same time, earnings will likely decrease and so other sources of funding need to be explored. Module Four looks at non-repayable sources and Module Five looks at repayable sources of funding for education.

Selected resources

Clueless? Not! Empowering Students with Financial Savvy
This small booklet was produced by two recent university graduates, Jennifer Smiley and Cynthia Snell. It looks at money issues from a student perspective, with a focus on budgeting, borrowing money, payback, and job tips. Available from cynerje consultant, 63 Bannatyne Drive, Toronto, Ontario, M2L 2P2.

Canadian Bankers Association
This organization offers a variety of booklets and materials that explain banking services, loans, and repayment issues. Available by calling 1-800-263-0231, or writing: Building a Better Understanding, c/o Canadian Bankers Association, Box 348, Commerce Court West, 199 Bay St., 30th floor, Toronto, Ontario M5L 1G2. They have also developed a website with a variety of helpful exercises for students considering budget and loan issues at http://www.yourmoney.cba.ca

Choices & Decisions: Taking Charge of Your Life
This module-based learning package covers financial planning, budgeting and decision making, and includes an interactive CD-ROM, 12 chapter lesson plan, handouts and activity guide relevant to high school students from diverse backgrounds. Published by the Canadian Intramural Recreation Association (CIRA) with the support of VISA Canada Association. Copies may be ordered by teachers by contacting CIRA at 1600 James Naismith Drive, Gloucester, Ontario K1B 5N4. To order conntact: cira@rtm.activeliving.ca

Canadian banks

Most Canadian financial institutions offer individual brochures and booklets with information for students about banking, budgeting, credit card use and debt issues, as well as tips on financing education. Many banks and credit unions also maintain web pages with information of specific interest to post secondary students, including:

Bank of Montreal Student Services

CIBC Student Centre

Royal Bank

Scotiabank Student Link

TD Canada Trust Student Central

The Debt-Free Graduate
This book by author Murray Baker is an informal look at how to escape the debt trap. It covers summer work, negotiating with financial institutions, tax issues, housing, food and transportation tips, and ideas on saving money. Published in 1996 by Harper Perennial.  Also available at the UFV Financial Aid and Awards office. 

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