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Time to do some math. Use our calculator to get a budget estimate for spending one year at university.
Summer Job Income: $
Part-time Job Income: $
Student Loan Income: $
Scholarship/Grants: $
Parental Support: $
Savings: $
Other: $
Tuition: $ If you've used the Quick Estimate calculator, this number has been pre-filled for you.
Books: $ The cost of books varies from program to program. Adjust this number as necessary for your situation.
Residence/Meal Plan: $ If you're staying in residence with a meal plan, put the cost for the year here.
Other Fixed Expenses: $
Number of Months:
Rent: $ The average cost for a 2-bedroom apartment, according to CMHC, is $799/month.
Groceries: $ If you're not on a meal plan in residence, you should allot $200-$250/month for food.
Utilities: $ Hot water for a 2-person household is around $30/month. Electricity/heat runs $90-$100/month. These numbers vary based on heat source and consumption.
Phone: $ Basic service is $25/month before taxes. Long distance plans vary.
Internet: $ You can get internet for as little as $35/month.
TV/Cable: $ Basic Services: $20/month. Digital Services: $65+/month.
Transportation: $ A Universal Transit Pass is included in full time tuition fees. Students enjoy unlimited use of buses and ferries during the school year.
Entertainment: $ A movie at the theatre costs $10.99. A nightclub cover charge is typically around $7.
Clothing: $ Remember to take seasonal changes into account.
Credit Card Payment: $ Enter at least the minimum payments for all your credit cards (including department store cards) here.
Loan Payment: $
Spending Money: $
Other Expenses: $
Total Estimated Income: $
Total Estimated Expenses: $
Surplus/(Shortfall): $