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I’m Accepted! Now How Am I Going to Pay for School?

Written by Kevin McGovern
Pay for School

There are few things greater than opening a massive sealed envelope to read the opening lines that typically go a little something like:

“Congratulations! I’m delighted to share with you that you’ve been accepted into…”

It’s the best feeling. Euphoric might be the right word.

But when the excitement passes, the next thought that typically bubbles up is: “Now how am I going to pay for this?” Reality hits, but you know you’ll make it work.

Here are some of the best ways to help cover your education costs.

Scholarships. Scholarships. And More Scholarships.

School is expensive. We know this. To help offset pricey tuition, apply for all kinds of scholarships. Art scholarships, church scholarships, community scholarships, whatever—don’t let that opportunity go to waste!

CIBC Student Lines of Credit

Our friends and sponsors at CIBC offer a couple of options to help you pay for school. As an undergrad student, you can get up to $40,000 for your education and if you are in a professional program like medicine or dentistry you can get up to $275,000. You pay interest only on the amounts you actually use while you are in school and the year following your graduation or residency. Awesome. Not sure how much you need to borrow? Try this handy CIBC Education Line of Credit Calculator.

Summer Dream Job

Instead of applying to work at your local coffee shop, aim for the stars and apply to work dream jobs. Remember experience is one of the best resume builders, not to mention networking opportunities of a lifetime. Plus, after you graduate, you might land that big job. And remember, with big jobs come big pay cheques.

Student Grants

Did you know that you can receive up to $2,000 per grant for low/middle income families and students with dependents. Yep. It’s true. Check it out!

In the end, leave no stone unturned. There are many options to help pay for your education.

General information not about CIBC Financial products is provided for your reference and interest only. The above content is intended only to provide a summary and general overview on matters of interest and is not a substitute for, and should not be construed as the advice of an experienced professional. CIBC does not guarantee the currency, accuracy, applicability or completeness of this content.

Congratulations to Meghan Kitt, from the University of King’s College, Winner of Week 3 in CIBC’s $10K Study Break

meghan profile

Enjoy that $1,000 study break, Meghan! For your chance to win, see this week’s challenge.

*Opinions expressed are those of the author, and not necessarily those of Student Life Network or their partners.