We’re here to help you make your post-secondary experience more accessible. An investment in your education is truly an investment in yourself. It’s a big commitment and now is the time to ensure your finances are in order. If you’re looking for some guidance as you plan your future here, we can provide you with plenty of sound financial advice.

Funding your future

There are a few different ways to access additional funds to help pay for your post-secondary education:

  • Student loans
    • There are many upsides to borrowing from the government but keep in mind that you have to repay your loans with interest after you graduate. Consider creating a budget to determine how much funding you may require and if it makes sense to look into other options, such as working part-time or reducing your spending.
  • Awards and scholarships
    • This is FREE money. You don’t have to worry about paying it back at a later date. To apply for Lethbridge College awards, all you have to do is fill out one online application. Some awards may have additional requirements, such as writing an essay or creating a video.
  • Grants
    • Similar to awards and scholarships, grants do not need to be paid back. Canada/Alberta Works offers grants for eligible academic upgrading and ESL students while federal and provincial governments may automatically apply grants to your student loan, reducing the amount you owe.
       

Getting started

The first thing you’ll want to do is create a budget. This can help you make smart choices to meet your post-secondary education goals.

Budgeting isn’t just about listing your expenses and income; it’s about seeing the big picture (tuition, books, living expenses and savings) while understanding the details (what resources you already have, if you need to reduce your spending, if it makes sense to find a part-time job).

There is a lot of help out there for students. But don’t rely on awards, scholarships and bursaries to cover all of your expenses. These are meant to supplement, not replace, the financial resources that you, your family and perhaps your student loan contribute. Start preparing now by setting aside resources to help you cover the cost of your education.

You probably already know there can be roadblocks to creating a budget and sticking with it. Our budget wizard tool can help you make sense of your finances and the cost of your education. With a bit of discipline and a good attitude, you’ll be able to stick to it.


Budget Wizard

Our Budget Wizard is a free self-service tool that pulls it all together in just three easy steps.

  1. Input your income.
    • List any amounts you’ve saved or received for your education along with any scholarships and awards received to date as well as potential income from employment.
       
  2. Calculate your costs.
    • The budget wizard tool helps you determine the cost of your specific program as well as fees, textbook costs, accommodation rates and other living expenses while attending school.
       
  3. Consider your shortfall or excess.
    • At this stage, you’ll be able to see how much funding you’ll have available after spending per month. If you do have a shortfall, this is the time to consider applying for student loans or getting a part-time job. Please stop by our office or contact us if you have any concerns about your finances.

      Budget Wizard

Ask a question

If you have a question about funding your education, please fill out this form and we will follow up with you.

Student Awards and Financial Aid information request