All Posts Tagged With: "Straight Up"
No more teachers’ dirty looks? Not quite yet
Making the most of your study time so you get the best test mark you can
At most universities, classes are now over. Your assignments are handed in. You don’t have to get out of bed for that nasty 8:30 am class. And your first final exam isn’t for two weeks.
With all this free time on your hands, you:
a.) party like it’s 2010;
b.) sleep until noon then spend the rest of the day watching TV shows on your laptop in bed; or,
c.) hit the books.
(Hint: this isn’t one of those trick multiple-choice questions, where the obvious-sounding answer is the wrong one.)
As much as you feel that you deserve a break (and you probably do), stay focused for just a couple more weeks before shifting into the somnolence of turkey time. Organizing your time effectively now will ensure you get the mark you deserve after working your butt off all semester.
For some students, exam period can be incredibly stressful. (Breathe deeply and read our column on stress). Studying thoroughly and efficiently, not wasting time on unimportant material and developing a test-taking strategy are the three keys to doing well on your exam. And knowing you did everything you could to prepare, you should be able to sleep soundly the night before the big test day.
Many students think that the more time they spend studying, the better the mark they’ll get, but that isn’t necessarily true; you’ll better retain material if you study in a larger number of smaller chunks of time, rather than cramming studying into a couple of 12-hour sessions in the two days before the exam. So, before you throw yourself into studying, pause to make a study plan. There are a finite number of hours between now and your exam, so you need to budget your time accordingly.
Ch-ch-ch-changes
Government student loans are changing. Get schooled on how they affect you
You may get a surprise in the mail this year. Upon opening that fateful letter that tells you how much student loan funding you’ll receive, you might find yourself the recipient of a non-repayable grant from the Federal government that you never asked for. If free money seems to good to be true, fear not: it’s part of a new Canada Student Grant Program that is being implemented for the first time this semester and means that you will receive extra dough you won’t have to pay back later.
In the 2008 budget, the federal government announced big changes to federal student aid, including a new national grant program, the scrapping of the Millennium Scholarship Foundation (the previous source of national bursaries and scholarships) and new programs to help student loan borrowers having trouble repaying their loans after graduation. So how exactly do these changes affect you?
Starting this year, when you apply for a national student loan, you are automatically applying for a grant as well. Full-time students who are deemed by the Canada Student Loan Program to be from low-income families will receive an extra $250 per month up to a maximum of $3000 per year. Those from middle-income families will receive $100 per month up to a maximum of $1,200 per year. To find out what your family’s income level is click here.
An important distinction between the previous bursary program and the new grant program is that grant funding is determined according to your family’s income, not your need (expenses minus resources). This means that no matter whether you have savings from your summer job or you borrowed money from your uncle, you will get the grant as long as your family’s income is low enough. It may seem like an inconsequential difference, but it affects who gets these grants.
In other words, while getting a part-time job or otherwise improving your financial circumstances decreases the amount of funding you qualify for in the form of student loans, it does not affect your grant funding. Take this example: Student A is from a low-income family and, after subtracting his meager savings from his total university costs, he needs $3,500. He will receive $2,000 in grants and $1,500 in student loans. Student B is also from a low-income family and, having sold her car and working her butt off during the summer, she only needs $1,400. She will receive a $2,000 grant and won’t have to take out student loans. If you qualify, you get the grant—simple as that.
