June 8 2016 Assignment

Task 1:

You will hear the words below in a talk here about financing post-secondary education. Match the words with their meanings; write down the letter next to the word.

1. _d__ rely on                                                    a. given

2. _e__ eligible                                                    b. not enough

3. __a_ granted                                                  c. accumulated

4. _b__ insufficient                                            d. depend on

5. _f__ contribution                                         e. qualifying

6. __c_ accrued                                                  f. gift

Task 2:

1. What expenses can the cost of post-secondary education in Canada include?
   Include: tuition, accommodation such as residence fee, book and other materials, transportation, food and various necessities. 

2. How are government loans administered?
    They are the form of financial assistance most often utilized to finance university education

3. Who can receive government student loans?
    student 

4. Why are government student loans better than personal bank loans?
     Because full-time students can qualify to have their accrued interest paid for by the federal and/or provincial government while they are still studying.

5. What other forms of financial assistance are available to students?
   CSL, OSAP

6. What is an appropriate title for this talk?

    Financial Plan for Post Education

Task 3:

Listen again and complete the text with the missing words.

Par. 1 Studying at a university or college can 1_involve__various costs. Depending on the program or school, 2. ____tuition___ can vary from $2,500 to $8,000 or more per year. !e cost of post-secondary education can also include the cost of 3. __accommodation_, such as residence fees, as well as the cost of books and other materials, transportation, food and various necessities. Many students in Canada rely on help from the government and financial institutions to finance their education.

Par. 2 Government programs are the form of financial assistance most often 4. _utilized__to finance university education. Government student loans provide money to 5.__eligible ___students based on demonstrated financial need. Funds are paid out through a combination of the CSL (Canada Student Loan) program and the provincial student loan program (e.g., OSAP—Ontario Student Assistance Program). Students  6.___Apply___in their province of residence.

Par. 3 Government student loans and other funds are granted only when other financial 7. _resources__available to students are deemed insufficient to meet a student’s education expenses. These resources include family contributions, part-time work, 8. ______scholarship_, bursaries, etc. If a student is under 19, a parent or a legal guardian or sponsor needs to 9. ___cosign__the loan document.

Par. 4 Government student loans offer a great advantage over personal bank loans as full-time students can qualify to have their 10. __accrued__ interest paid for by the federal and/or provincial government while they are still studying.

Par.5 Private student loans or lines of credit are offered by many banks and credit unions. The main difference between them and the government programs lies in how the interest 11. __repaid__. In private loans or lines of credit, the student is responsible for all the accrued interest as soon as the loan has been 12. ___signed___. In addition, many medium to large corporations and private organizations also offer scholarships, bursaries and awards for students.
Task 4:

Who wouldn’t like to have some free money?  Click on this link and search the eligibility criteria for grants, bursaries, and scholarships, plus the estimated amount as well.  Share this information with your classmates. 

grants:

• Grant for Students from Low-Income Families-You could receive $250 per month of study. You can receive this grant for each year of your undergraduate studies as long as you still qualify.
• Grant for Students from Middle-Income Families-You could receive $100 per month of study. You can receive this grant for each year of your undergraduate studies as long as you still qualify
• Grant for Full-Time Students with Dependants-You could receive $200 each month for every dependant child you have for each year of your full-time studies (including undergraduate and graduate levels) as long as you still qualify. This amount is in addition to any amount you receive under the Canada Student Grant for Students from Low-Income Family.
• Grant for Part-Time StudiesYou could receive up to $1,200 each school year (August 1 to July 31). You can get this grant for each year of your studies (including undergraduate and graduate levels) as long as you still qualify.
  The amount of the grant will not exceed your assessed need.
• Grant for Part-Time Students with Dependants
• Grant for Students with Permanent Disabilities
• Grant for Services and Equipment for Students with Permanent Disabilities