Funding Your Education

    • Your university education is a substantial investment.  At CapU, we recognize the significant contribution you and your family make towards your education. We're here to provide financial advising and support through scholarships, bursaries, and other assistance programs so that you can develop your plan for funding your education.  

      Your responsibilities as a student

      As a student, you need to have a clear understanding of your responsibilities and take the steps necessary to access all available resources.  

      This includes:

      • talking with your family about support
      • applying for all available funding, such as government student loans and scholarships, bursaries, and awards
      • meeting deadlines for funding programs
      • making sure you are taking the minimum number of courses required for support
      • creating a realistic budget and ensuring that you have adequate resources in place to support your expenses.

      Financial planning and creating a budget

      Understand your costs

      The first step is to understand how much a school year will cost you and what the related expenses are.  Knowing your costs will provide the foundation to build your financial plan.  You can start by finding out the estimated costs for tuition, fees, and textbooks:

      Next, consider how much it will cost to live in Vancouver.  If you are staying in CapU Residence, you'll need to cover residence fees and meal plan.  If you're off campus, you'll also want to think about rent, groceries, and utilities.  Make sure that you also allow for personal expenses such as cell phone bill and entertainment.  If it is in your budget, you won't be caught off guard.  Use the myCap Money Machine to assist you with your planning.  

      Know your resources

      Once you know what your educational costs are, you will need to find resources to cover those costs.  Some students will have some savings or help from their families, and there are also a range of financial assistance and student loan programs available.  

    • myCap Money Machine

      The myCap Money Machine is an interactive tool to help you create a budget, and is designed to be used on a term by term basis. As your financial situation can change, we encourage you to create a budget each term.

      Open the myCap Money Machine

      Don't know what your tuition and fees will be yet? Visit Fees & Fees Payment to find out more about standard tuition fees, admission/readmission fees, incidental fees and which individuals are exempt from tuition fees. We recommend that you calculate the estimated cost of your first year of university and look ahead to future years as well.

       

      Free Money (Scholarships, Bursaries, & Awards)

      If you are the recipient of a scholarship, bursary, or award, this is money that does not need to be repaid. Free Money! 

      Future Students: Capilano University Entrance Scholarships, Bursaries, & Awards

      Capilano University offers a variety of scholarships, bursaries, and awards to future students. For eligibility criteria, application instructions, deadlines, and additional information, please visit our Future Students page. 

      Current Students: Capilano University Scholarships, Bursaries, & Awards 

      If you are enrolled in your first term of study at Capilano University, you have the opportunity to apply for the First Semester Bursary. This is a financial-need based award that you can apply for by submitting an online application via myCap using the Student Information Web Service. Details about eligibility are available on our Current Students scholarships, bursaries, and awards page.

      Once you have completed your first term and established a grade point average (GPA), you will have the opportunity to apply for the numerous scholarships, bursaries, and awards that are administered by Capilano University. Details about eligibility are available on our Current Students scholarships, bursaries, and awards page.

      External Awards

      There are many companies and organizations that offer scholarships, bursaries, and awards which are not administered by Capilano University. Our External Awards page is a good resource that is available to assist you in your search for other sources of available funding.

      Common Ways to Pay for University

      Need help with paying for university? Below are some common options and we suggest that you start by exploring government student financial assistance.

      Government Student Financial Assistance (Student Loans & Grants)

      StudentAid BC administers government student loans and grants for residents of British Columbia. Applications are available on their website along with in-depth information about the application process, eligibility criteria, and repayment information. Please visit our StudentAid BC page for more information.

      If you have lived in a province other than British Columbia for the past 12 consecutive months, you will then need to apply for student loans and grants from the province in which you previously resided. For more information, please visit out page for Out of Province Students.

      If you are enrolled in a developmental (below the 100-level) course or program, you may be eligible for the Adult Upgrading Grant and Capilano University Supplemental Upgrading Grant. For more information, please visit our Adult Upgrading Grants page.

      Funds from Financial Institutions

      Student Line of Credit

      Student lines of credit are available through many financial institutions, such as banks and credit unions. A line of credit is similar to a loan but instead of being given a lump sum of money, you are given access to a certain amount of money for when you need it. Typically, you only need to pay interest on the money that you actually use while you are in school, not the entire amount that is available to you. Contact a bank or credit union to determine if you qualify for a line of credit or other products which may assist you with your financial needs.

      Personal Loans

      A personal loan is a lump sum of money that is advanced to you from a bank or credit union. Unlike Government Student Loans, you pay interest from the day that the money is given to you, and you are generally required to make payments while you are still in school. Contact a bank or credit union to determine if you qualify for a personal loan.

      Registered Education Savings Plan (RESP)

      A Registered Education Savings Plan (RESP) is a type of savings plan that is intended for educational purposes. If you or your family has enrolled in a RESP, you may be able to withdraw money to pay for your education. For more information, please visit the Government of Canada's Registered Education Savings Plan (RESP) page.

      Registered Retirement Savings Plans (RRSP)

      If you have a Registered Retirement Savings Plan (RRSP), you may be able to withdraw money to pay for your education under the Lifelong Learning Plan (LLP). For more information, please visit the Government of Canada's Lifelong Learning Plan (LLP) page.

       

       

    • Done your research? Still have some questions or need clarification? Check out our Events page where we list the various workshops we offer each term and provide tips, tricks and knowledge on everything from Money Management to Understanding Student Loan Repayment.

      As well, Financial Aid Advisors are available to help support you in your efforts to find the answers. Visit our Contact Us page for information on how to reach us.