Financing Your Education
Financing your education is a critical component of your time here at Carleton. While this can seem overwhelming at first, there are many different ways to help finance your education at Carleton. This section will guide you through understanding your tuition costs and student fees as well as the various ways that you can finance your education.Get Started
The ability to be given scholarships based on academics provides students with the drive to maintain a successful academic career through more effort and time management. For me, trying to maintain a scholarship in university is what drives me to want to keep doing better in my academics.
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Carleton University awards scholarships in the Fall/Winter session of the year of offer to entering full-time undergraduate students who have demonstrated a high potential for university studies. The intention of our scholarship program is to recognize, attract, and provide incentives for excellence.
Carleton offers a variety of renewable entrance scholarships for new students. If you have been admitted to Carleton with an admissions average of 80 percent or better, you may be offered an entrance scholarship provided you are entering Carleton for the first time from high school or CEGEP and have no previous attendance at post-secondary educational institutions. For more information about Entrance Scholarships and other award opportunities available to new students, visit the Awards and Financial Aid Office website.
How Scholarships Are Issued
Provided it is not contrary to the terms of the award, scholarships administered by Carleton University are first applied to your tuition fees. A scholarship will be applied directly to your fees in two installments, half in mid-August for the fall term and half in mid-December for the winter term, provided you have registered and remain registered for the full academic year (minimum four credits in the Fall/Winter session).
A bursary is a monetary award that is granted on the basis of financial need. Bursaries are different than scholarships. Scholarships are merit-based and are awarded for academic achievement. Bursaries are financial-need based awards that do not have to be repaid. The intention of the undergraduate bursary program is to supplement, not replace a student’s primary source of funding such as OSAP, government student financial assistance from another province or loan funding from a financial institution. For more information on Bursaries and how to apply for them, visit the Awards Office website.
A part-time job can be a great way to help finance your education but you do want to be careful. Remember, your academics are the primary reason you’re at Carleton, so be sure not to over-commit yourself to a job that you can’t get time off from. To begin your job hunt, visit Career Services and check out the online job board on Carleton University’s mySuccess portal (login via Carleton Central). When looking for a part-time job, make sure to take into account the hours you might be working (early mornings, late nights) and how long it will take for you to get to work from both your home and from campus.
Career Services: Start exploring your career options now! Career Services provides Carleton students with the resources and guidance they need to explore their career options, learn effective job search strategies, and find job and career development opportunities that align with their interests. You can also check out Career Services’ online job board on mySuccess. For more information, visit the Career Services website.
Co-op: Carleton’s Co-operative Education Program is an excellent way for students to get a head start on building their career. Through co-op, students develop key employability skills and gain valuable, degree-related work experience while earning money to help reduce student debt. All co-op work terms are full-time, paid positions that are monitored by the Co-op Office. Visit the co-op website to check if your degree program offers the co-op option.
Work Study: The Work Study Program is a financial aid program that gives undergraduate students a chance to work part-time on campus. Through this program, you can earn extra money and gain valuable job experience while you are in school. If you do not have sufficient student loan funds to pay all of your education-related costs, you may be eligible to participate in Work Study. For more information, check out the Work Study website.
Attending university is a big step and it comes with many new changes; one of them is keeping track of your finances. Budgeting can be intimidating but Carleton’s Awards and Financial Aid office has got your back! They have created a 5-step process to help you build a budget that works for you!
In addition to this 5-step process, the Awards and Financial Aid Office has also compiled a database of online resources around the web to help you build, manage, and stick to your budget!
While at university, you are responsible for ensuring that you are aware of all upcoming and relevant dates and deadlines. Make sure you take note of all upcoming financial dates and deadlines in a planner, a whiteboard in your room, in your calendar, or with an alarm on your phone. The Student Accounts Office and the Awards and Financial Aid Office will publish important financial dates and deadlines well ahead of time so that you are prepared to meet them. Visit their websites to find out this year’s dates and deadlines.