Module Five
Money for Education: repayable sources
Will I Be Able to Pay it Back?

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Introduction

Individuals are more successful when they know in advance how much they will have to borrow to finance education. In this module learners will research and explore repayable sources of funding and develop a plan to supplement non-repayable sources of funding if necessary. It is assumed that you have chosen a career, worked out a budget for the length of their programs, and have developed a working portfolio of non-repayable sources of funding.

Learning Outcomes

Using information researched around different repayable funding sources, you will develop a plan for making informed choices around financing your education and repaying money borrowed to pursue post-secondary studies.

Learning Objectives

At the conclusion of this module you will be able to:

  • List all repayable sources of funding available in British Columbia.
  • List the sources of funding available in British Columbia that will
    work with your funding portfolio.
  • Calculate how much money you will need to borrow.
  • Calculate how much money you will have to pay back.
  • Determine how you will repay the money you have borrowed.
  • Develop a comprehensive plan for borrowing and repaying student loans.
  • List trouble-shooting tools when things don’t work out exactly as planned.

Supporting Materials

Government and bank student loan application forms

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Apply online for your
Canada-B.C. Student Loan
6 to 8 weeks before
you register.

Apply for Interest-free status and
continue your full-time studies
without renewing your student loan.

Apply for UFV Bursaries
online through myUFV.
Applications accepted
every semester.

Find out about UFV Scholarships.
Applications accepted from
March 15 to May 10.

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