saving for university

January 30, 2018

We get it, saving for university can be a daunting task. But, let us be the first to congratulate you on your achievements thus far! Applying and getting accepted into a post-secondary institution is quite the feat. If you’re experiencing first-year jitters, don’t worry! Read on to learn little financial tips that can make a big difference and help you ace that quiz and get your shiny piece of paper, all with money in your pocket.

Apply for scholarships

One thought many students have about scholarships is that they don’t stand a chance. DO NOT have this mindset. Have faith in your academic and community achievements and just apply. Plus, don’t miss out on the application for the Sunova Scholarship. It’s for $7,500.00, which is definitely a nice chunk of change! Check it out here.

Get a part-time job

Keeping up a part-time job during school will not only keep the cash flowing but will also give you a much-needed break from studying. If you’re interested, (and why wouldn’t you be!) Sunova is always looking for enthusiastic and hardworking employees. Check out job opportunities here. If you’re not sick of hanging out on campus, your post-secondary school may also be looking for some part-time employees!

Sunova student line of credit

A great option available to full-time or part-time students is to take out a student line of credit. Did you know you just pay the interest on your balance owed while you’re in school and you can take up to 15 years to pay off the outstanding balance? Wow! See full details on student LOCs here.

Save tax free

With Sunova’s Tax-Free Savings Account, you can kick your savings into high gear. A TFSA allows you to save money without paying taxes on earned interest, so your money grows more quickly. This will help you save for the finer things in life. (Maybe a new laptop to help you get the best out of your education!) See a full breakdown of TFSAs here.