Additional Sources of Funding

We know postsecondary education, including tuition, books, living expenses and more can add up.

On this page:


5 Ways to Help Pay for College

  1. Saving up. If you’ve saved enough to self-fund your postsecondary costs and can avoid loans etc. – good for you!
  2. Working while in school. Having part-time work while at college is a common way to help cover your costs and build your resume. Check out employment resources below.
  3. Support from family or friends. If you are fortunate to have financial support from a family member or other source... be sure to say thank you!
  4. External awards. There are many organizations in Ontario and Canada that offer support for students. Below is a list of external awards we’ve reviewed and sorted for you.
  5. Campus student employment program (CSEP). Like number 2, CSEP jobs are on-campus employment opportunities for students with demonstrated financial need. Learn more about CSEP.

Tip: Get Financially Literate!

It is recommended to ALL Mohawk students to learn about the supports that Mo’Money can provide; Learn about saving for school, living on a budget, planning a major purchase, and take advantage of a selection of financial literacy modules, articles, and information.

Visit Mo’ Money… Now! 


Mohawk College Financial Resources:

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Government Financial Resources:

External Award Resources:

Employment Resources:

Become a Volunteer:

Online tools and calculators:

There are many free online tools and calculators to help you manage your money, calculate savings, calculate interest or amounts owed, or plan for your future. Try a few and see which ones are right for you.

Account Comparison Tool (FCAC)
Compare features for different chequing and savings accounts, including interest rates, monthly fees and transactions. Find an account that best suits your needs.

Budget Planner (FCAC)
The Budget Planner helps you create a customized budget in 3 simple steps. Gather information regarding your income and expenses and get started! If you don’t have all your information, you can always save and continue later.

Budget Planner & Expense Tracker (Credit Canada)
This free online expense tracker and budget spreadsheet gives you a complete breakdown of how you spend your money on a monthly basis.

Compound Interest Calculator (Get Smarter About Money)
Find out how your investment will grow over time with compound interest.

Credit Card Payment Calculator (FCAC)
It is always best to pay off your credit card balance in full by the due date indicated on your statement. If you can’t, you can still reduce the amount of interest you will have to pay. The credit card payment calculator compares 3 different payment options to pay off your credit card balance.

Debt management calculators (Credit Counselling Society)
These calculators can help you to see how much interest you are paying on your loan or credit card, how long it could take you to pay off your loan, and other debt-related calculations.

Education Cost Calculator (Get Smarter About Money)
Use this calculator to estimate the cost of your post-secondary education and see if your planned savings will be enough. If you have a funding shortfall, use the debt calculator to compare up to 3 different loan and repayment options.

Financial Relief Navigator (Prosper Canada)
Learn about the help you can get to raise your income or lower your expenses in these challenging times.

SmartSAVER Savings Calculator (SmartSAVER)
Use this calculator to see how your education savings could add up year by year.

Spending Habits Calculator (Get Smarter About Money)
Use this calculator to see how changes to your spending habits can impact your budget and help you save more of your money.

TFSA Calculator
Use this calculator to estimate the value of the investments in your TFSA when you’re ready to withdraw them, and compare this amount to the value of your investments in a non-registered plan to see your overall estimated tax savings