Do you need to plan how to pay for college or university?
Here are some strategies and resources that might help.
Strategies and Resources
Plan for funding early
Part of this planning should include creating a realistic budget for the student.
How can you help your kid succeed in college or university?
Discuss budgeting and financial planning with your teen
Your teen might have an expectation that you will be able to pay for their full education, no matter where they choose to go, and you might only be able to help a little, if at all.
Explore various financial aid options together
The most obvious would be a bursary or scholarship through the school your child intends to attend, but there are many other options to look for.
Employers, unions, charities, small business associations, city and municipal councils, and high schools sometimes offer bursaries or scholarships, just to name a few. Your network is your friend here.
Mention that your teen is getting ready for college or university to everyone you speak to. Hinting that you're worried about finances can't hurt too!
Teach them about student bank accounts and loans
If you need help teaching your teen about how personal banking works, especially in today's world of online banking, enroll them in our online course: Make the best personal banking choices.