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How much did your scholarship(s) cover? Options
karla
Posted: July 22, 2008 6:15:00 PM

Rank: Student Body President
Groups: Member

Joined: 6/5/2008
Posts: 6,357
Thanks lukasm. That really expands and clarifies the point I was trying to make.
GGG
Posted: July 22, 2008 7:15:41 PM
Rank: Student Body President
Groups: Member

Joined: 3/5/2008
Posts: 1,860
urbyboy980 wrote:
No. It does make sense. We pay taxes to the government. Those funds have a PURPOSE (bettering Canada and its citizens). The funds that are awarded to you through scholarships also have a PURPOSE: To be used to help finance your education (tuition, fees, room and board).


Using funds for things other then their intended use is wrong, plain and simple.

Saying other people would not have qualified for the scholarships you won is both thick-headed and arrogant.
Ignorance is bliss.


I am speechless. Well done. so i guess i cant mix my scholarship money with my money saved in my bank account.
worldchange
Posted: July 22, 2008 7:17:53 PM
Rank: Senior Student
Groups: Member

Joined: 3/22/2008
Posts: 72
Say she has a total combined amount of $10,000 of her money and scholarship money combined. If her trip was, $2000 how would one differentiate one 'scholarship dollar' from one of 'her dollars'? As one lump sum, the expenditure is the same
Username13
Posted: July 23, 2008 7:40:25 PM
Rank: Senior Student
Groups: Member

Joined: 5/6/2008
Posts: 272
Location: QC
I think mine cover about...105%, ish?
Not too sure how much books would cost yet. I used to spend $100-$200 for 7 classes in college...

For Karla's use of funds...her expenditure really is the same, so she can't technically be blamed for it, though the advisability of spending money on a trip can be questioned in regards to whether or not she ought to have saved it for furthering her education in later years or something of the sort.
karla
Posted: July 24, 2008 11:19:36 AM

Rank: Student Body President
Groups: Member

Joined: 6/5/2008
Posts: 6,357
Username13 wrote:

For Karla's use of funds...her expenditure really is the same, so she can't technically be blamed for it, though the advisability of spending money on a trip can be questioned in regards to whether or not she ought to have saved it for furthering her education in later years or something of the sort.


You're only young once. Money is just money.
eco
Posted: July 24, 2008 8:07:12 PM
Rank: Valedictorian
Groups: Member

Joined: 3/7/2008
Posts: 566
Location: toronto
What the hell does that mean rofl? Did that have ANYTHING to do with this?

She'd enjoy that vacation the same if she was 35 (if not more). also, "money is just money" is a great sentiment, and its nice to sit where you are and pretend you'd be fine with none of it. Without money you have stress, lower levels of health, less credibility, and MUCH less happiness (no matter what anyone will tell you).
Username13
Posted: July 24, 2008 10:23:07 PM
Rank: Senior Student
Groups: Member

Joined: 5/6/2008
Posts: 272
Location: QC
Money IS just money but that "just money" can be used for a lot of useful things.
Since my scholarship pays for my university, the money that my parents/I had previously saved up for education can be used for my master's and PhD degrees instead of bachelor's and if it turns out I don't need it then, I can use it for the down payment on my first house.

However, since you decided to use your money now for your trip, that's your personal decision, and yeah, I guess it's only yours to make and you can't be blamed for it even if I wouldn't quite agree with it.
karla
Posted: July 25, 2008 11:11:39 AM

Rank: Student Body President
Groups: Member

Joined: 6/5/2008
Posts: 6,357
eco wrote:
What the hell does that mean rofl? Did that have ANYTHING to do with this?

She'd enjoy that vacation the same if she was 35 (if not more). also, "money is just money" is a great sentiment, and its nice to sit where you are and pretend you'd be fine with none of it. Without money you have stress, lower levels of health, less credibility, and MUCH less happiness (no matter what anyone will tell you).


I don't think there will be another time in my life where I can just pack up and leave and not have to worry about ANYTHING. I went right after exams, and right before I started my summer job, and it was pretty much the most relaxing thing ever. I'm not saying I'm going to spend all my money on trips but $2000 for a trip in the grand scheme of things isn't that big of a deal.

If people want to sit at home and do nothing so that they can save money, they can have fun with their boring life.
eco
Posted: July 25, 2008 11:45:36 PM
Rank: Valedictorian
Groups: Member

Joined: 3/7/2008
Posts: 566
Location: toronto
I never said you shouldn't have gone. I personally decided to save my money for future education/investing, but that's actaully very uncharacteristic of me.

I was just saying I think this idea that people only have fun until they turn 22 is kind of dumb, and that the idea that money doesn't matter is REALLLLLLY dumb.
Future Eng
Posted: July 27, 2008 9:31:22 AM
Rank: Student Council
Groups: Member

Joined: 3/13/2008
Posts: 360
Becky, if i am careful my scholarships should be able to cover the full 4 years.

I lucked into a program this year at Queens whereby two people can share a single room and pay half the cost of a double. If Queens does that next year I will do that again. Tuition for engineering is high and I need every dollar I can find.
Josh
Posted: July 27, 2008 10:52:12 AM

Rank: Student Council
Groups: Member

Joined: 3/4/2008
Posts: 344
Future Eng wrote:
Becky, if i am careful my scholarships should be able to cover the full 4 years.

I lucked into a program this year at Queens whereby two people can share a single room and pay half the cost of a double. If Queens does that next year I will do that again. Tuition for engineering is high and I need every dollar I can find.


wow thats going to be squishy. can u actually fit 2 beds and 2 desks in a single room? or u can share the bed and take turns using the desk. smile

UWO Biomed/Ivey '12
Future Eng
Posted: July 27, 2008 12:00:26 PM
Rank: Student Council
Groups: Member

Joined: 3/13/2008
Posts: 360
Josh wrote:
Future Eng wrote:
Becky, if i am careful my scholarships should be able to cover the full 4 years.

I lucked into a program this year at Queens whereby two people can share a single room and pay half the cost of a double. If Queens does that next year I will do that again. Tuition for engineering is high and I need every dollar I can find.


wow thats going to be squishy. can u actually fit 2 beds and 2 desks in a single room? or u can share the bed and take turns using the desk. smile


You're right but the saving is just too much for me not to take the offer. I can use the almost 5K for many other things.

They are going to give us loft beds with the desk underneath or bunk beds. i went to look and they are giving us the biggest single rooms they have. If I get a studious roommate (I asked for one) we should be fine.
codyhotel
Posted: July 28, 2008 1:28:15 PM
Rank: Frosh
Groups: Member

Joined: 3/25/2008
Posts: 38
Location: Gimli
i have around $4500 in scholarships for my first year

just got my tuition fees today and they were $3726.96, still haven't gotten my final booklist yet though, but i'm hoping i won't have to pay a dime this year

Then half my RESP goes to a computer and a car, then my personaly saving and the rest of my RESP should accumulate to pay for the rest of uni, along with any second year scholarships that i may obtain.
aztekxero
Posted: July 28, 2008 3:01:33 PM
Rank: Student Body Vice-President
Groups: Member

Joined: 6/13/2008
Posts: 700
Location: Toronto
karla wrote:
eco wrote:
What the hell does that mean rofl? Did that have ANYTHING to do with this?

She'd enjoy that vacation the same if she was 35 (if not more). also, "money is just money" is a great sentiment, and its nice to sit where you are and pretend you'd be fine with none of it. Without money you have stress, lower levels of health, less credibility, and MUCH less happiness (no matter what anyone will tell you).


I don't think there will be another time in my life where I can just pack up and leave and not have to worry about ANYTHING. I went right after exams, and right before I started my summer job, and it was pretty much the most relaxing thing ever. I'm not saying I'm going to spend all my money on trips but $2000 for a trip in the grand scheme of things isn't that big of a deal.

If people want to sit at home and do nothing so that they can save money, they can have fun with their boring life.


I completely agree. University is not only about learning and working, you have to have fun too. If you have a bit of extra money, you should be able to splurge occasionally.

U of T Electrical Engineering 1T1
joyful45
Posted: August 12, 2008 7:03:44 PM
Rank: Senior Student
Groups: Member

Joined: 3/24/2008
Posts: 174
Some scholarships have the criteria "Must be graduating and entering a post-secondary institution in the fall". So if one wins a scholarship, do they simply give him/her the money, and he/she can do whatever he/she wants with it? How would he/she prove he/she is a post-secondary student?
karla
Posted: August 12, 2008 7:32:44 PM

Rank: Student Body President
Groups: Member

Joined: 6/5/2008
Posts: 6,357
joyful45 wrote:
Some scholarships have the criteria "Must be graduating and entering a post-secondary institution in the fall". So if one wins a scholarship, do they simply give him/her the money, and he/she can do whatever he/she wants with it? How would he/she prove he/she is a post-secondary student?


They get some sort of proof of enrolment to show the institution granting the scholarship and they usually just write a cheque to the individual for them to do whatever they want with. Very few require that the money be given directly to the institution, I have never encountered such scholarships.
megcabotfan
Posted: August 12, 2008 8:01:31 PM
Rank: Frosh
Groups: Member

Joined: 3/23/2008
Posts: 20
Location: Canada
Many send the money directly to the institution. Millenium and LORAN, for example.
eco
Posted: August 12, 2008 11:20:42 PM
Rank: Valedictorian
Groups: Member

Joined: 3/7/2008
Posts: 566
Location: toronto
But you can still spend that money, assuming you have cash to cover the actual expeniture.

You can spend your cash and it all evens out cuz you dont have to pay the uni.


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