Vancouver School of Theology Financial Aid Revised November, 2017

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1 Vancouver School of Theology Financial Aid Revised November, 2017 Application can be made by students admitted to VST degree or diploma programs, for up to 50% of tuition. Awards are based on financial need as indicated on the Financial Aid Application Form and registration status as confirmed by the VST Registrar. APPLICATION DEADLINES: (Interviews may be required if there are any questions about an application) 1. April 18 th for Summer Term applications 2. September 15 th for Fall Term applications 3. January 21 st for Spring Term updates and new applications Financial aid will be granted according to the following priorities: 1. Students from denominations formally affiliated with VST, i.e. The Anglican Church of Canada, The Presbyterian Church in Canada and the United Church of Canada 2. Canadian students in degree programs 3. International students in degree programs 4. Permission to Register students may be considered as funds allow, normally in Spring term only Criteria for Awarding Financial Aid a) All students are eligible to apply for a bursary (applied directly to their tuition account) for up to 50% of tuition, up to the maximum number of required course credit hours and maintenance fees to complete the program in which they are registered. b) Financial Aid will be given only for VST programs. Where a VST degree student is required to take Clinical Pastoral Education (CPE) as part of their degree requirements, they are eligible to receive funding equivalent to 50% of 3-credits of VST tuition. c) Any adjustments to tuition owing (a student dropping a course) will entail an adjustment to the bursary granted for that course. d) In all cases, bursary support will not exceed actual tuition charged in any academic year. e) Regarding assets: The school expects that cash savings, investment income and cashable resources such as GIC s and investments will be included as income on their application form and will be taken into account in calculating need based on the gap between income and expenses. The school does not expect students to cash RRSPs/IRAs and other international registered retirement savings, or sell or mortgage their home before applying for student aid. f) Rather than applying each term, VST students who are registered for the full academic year may apply once for the full year. A budget update form will be required for each term subsequent to the initial term of application. NOTE: A new FULL application is required each academic year. g) Bursaries are granted only for tuition credit in the specified term and cannot be deferred. h) An Emergency Fund is established for distribution as discretionary grant funds in emergency situations through the Registrar. Emergency grants may not exceed $ for any individual in any academic year. Funding for course re-takes If a student does not pass or withdraws from a course for which they have received a bursary, they are ineligible to receive an additional bursary to retake the same course (or an alternative course to fulfill the same requirement), unless they pay back the bursary they received for the course. Applicants on Probation Students placed on Probation for academic or behavioural reasons will become ineligible to receive tuition assistance from VST during their second term on Probation. In certain cases (to be determined through FSRC and DAC) a student may be deemed ineligible to receive tuition assistance during their initial term on probation. Thank you Notes Bursary recipients are expected to write a thank you note to living donors associated with the bursary they have been awarded. Failure to do so may result in becoming ineligible for further funding. Letters should be given to the Financial Aid Officer for mailing. Recipients names will be shared with the contacts we have for the donor s fund.

2 Assistance for preparing Budget Tuition: Basic Rate (Diplomas, MDiv and MA programs) Advanced Rate (GDTS, ThM) $281 per credit hour $408 per credit hour Academic Fees: Maintenance $350/term Thesis or Comprehensive Exam Fee $200 Non-Refundable Student Fees: Registration Fee: Students Association: Adobe Connect Surcharge: Graduation Fee: $35 per term $20/term ($10/term for off-site students) $20/credit hour (for off-site students only) $100 (in Spring term before graduation) UBC Fees: AMS membership $ per year Health and Dental Plan Full Year $232.27/ Jan-Aug $ Upass $164 per term Moderate Standard of Living Expenses Moderate Standard of Living guidelines apply for maximum claimable expenses in certain categories. If there is a reason why you must claim above the maximum limit, please provide explanation in Section D (Additional Information). If your expense claim exceeds the maximum limit with no acceptable explanation, your claim will be adjusted. Please see this document for information about cost of living expenses in Vancouver: Cost of Living Vancouver, August, Information thanks to Accommodation Expenses: (for sake of comparison, fees at St. Andrew s Hall are shown) Room in shared suite (quad): $865 per month Studio suites: $1,185 per month 1-bedroom suite: $1,339 per month 2-bedroom disabled accessible suite: $2,060 per month Families with children 2 bedroom plus den townhouse: $1,906 All St. Andrew s Hall fees include utilities and internet. Apply online at Other approximate expenses: Utilities (if not already included in the price of rent): Electric, heating, water, garbage: $34 - $130 per month Telephone: $80 approx. per month Internet: $70 approx. per month Food: $350 per month for singles, additional for family BC Medical Insurance: $0-75 per month for singles, $0-150 per month for couples or families Car Insurance: $1000 $1500 per year Parking at UBC Parkade (no parking available at VST): $16/day, $8 flat evening rate (after 5pm) Study Permit: (for non-canadians): $150 per Permit Work Permit: (for spouse of non-canadians): $155 per Permit

3 VANCOUVER SCHOOL OF THEOLOGY Walter Gage Rd., Vancouver, BC V6T 1Z1 (Open in Adobe to use fillable features) SECTION A: Personal Information VST Financial Aid Application Form S.I.N. - - DATE OF BIRTH: / / yyyy / mm / dd NAME : (First) (Last) MAILING ADDRESS: Apt/No and Street City Province Postal Code TELEPHONE: Home ( ) Work ( ) Cell ( ) STATUS IN CANADA: Citizen Permanent Resident Student Visa Visa in process Your current occupation: Will you be working while you are attending VST? No Part Time Full Time If you will not be working, please explain why: Do you have a spouse? Yes No Number of dependent children: What vocation or further studies do you intend to take after graduating from VST? VST Diploma or Degree Program: Expected credits per term: Denominational/Faith Affiliation: Have you been accepted as a candidate for ordained ministry in your denomination? Yes No Are you in the process of preparing for candidacy for ordained ministry in your denomination? Yes No Are you ordained? Yes No Please note the other sources of financial aid you have applied for:

4 BUDGET FOR ONE TERM only please use this form if your application is for one term only Maximum Level of Support: 50% of tuition cost EXPENSES INCOME $ Per Month $ Per Term $ Per Term Tuition x1 Income (net of income taxes) Fees (AMS etc) x1 VST student employment Books and Supplies x1 Pension income Rent/Mortgage/Condo fees per month $ x4 Savings (portion available for use) Insurance (life/auto/home) per month $ x4 Family/Friends Contribution Medical Services Plan $ x4 Child or Spousal Support Telephone/internet per month (basic) $ x4 Canada Child Benefit Heat/Utilities per month $ x4 HST rebate Auto (fuel/maintenance) per month $ x4 Trust Funds/Investments/etc cashed Groceries per month $ x4 Provincial Student Loan Clothing x1 Canadian Federal Student Loan Laundry per month $ x4 US Student Loan Personal items per month $ x4 Scholarships/Awards/etc Loan/lease payments per month $ x4 Bursaries/Grants (non VST) Recreation per month $ x4 Social Assistance/Disability Restaurant meals per month $ x4 Income Tax/HST Rebate Round trip home x1 Denomination/congregation Support Child care per month $ x4 Other (specify) Income Tax Payable x1 TOTAL EXPENSES $ TOTAL INCOME $ TOTAL EXPENSES MINUS TOTAL INCOME = $ Student Debt Load $ Student Assets $ Accumulated Government Loans Vehicle or Motorcycle etc Make: Model: Year: Accumulated Bank Loans Savings Line of Credit Combined Value of Stocks/Bonds Accumulated Credit Card Balance Other Assets (property/business) Other Loans

5 BUDGET FOR FALL AND SPRING TERMS (September April) please use this form if your application if for two terms Maximum Level of Support: 50% of tuition cost EXPENSES INCOME $ Per Month $ Per 2 Terms $ Per 2 Terms Tuition & Fees x1 Income Books and Supplies x1 Savings (portion available for use) Rent/Condo fees/mortgage per month x8 Family/Friends Contribution Insurance (life/auto/home) per month x8 Child or Spousal Support Telephone/internet per month x8 Canada Child Benefit Heat/Utilities per month x8 HST rebate Auto (fuel/maintenance) per month x8 Trust Funds/Investments/etc cashed Groceries per month x8 Provincial Student Loan Clothing x1 Canadian Federal Student Loan Laundry per month x8 US Student Loan Personal items per month x8 Scholarships/Awards/etc Loan/lease payments per month x8 Bursaries/Grants (non VST) Recreation per month x8 Social Assistance/Disability Restaurant meals per month x8 Income Tax Rebate Round trip home x1 Bank Loan/Line of Credit Child care per month x8 Denomination/congregation Support Income Tax Payable x1 Other (specify) Other (Specify) x1 TOTAL COST $ TOTAL RESOURCES $ AMOUNT NEEDED: TOTAL EXPENSES MINUS TOTAL RESOURCES = $ Student Debt Load $ Student Assets $ Accumulated Government Loans Vehicle or Motorcycle etc Make: Model: Year: Accumulated Bank Loans Savings Line of Credit Combined Value of Stocks/Bonds Accumulated Credit Card Balance Other Assets (property/business) Other Loans

6 SECTION C: Additional Information: If there is any additional information which would add to or clarify any details of your application, please make note of them below. If you have not applied for a Student Loan or other government financial assistance, please give an explanation: Declaration: I certify that I have read and understood the VST Financial Aid Policy. I certify that all statements on this application are true and complete to the best of my knowledge and present an accurate outline of my financial position. If granted a bursary, I give VST my consent to disclose to any donor or contact of the bursary I am awarded, and to list in reports to the Board of Governors or in School publications and newsletters the following information about me: my name, the name of the bursary awarded, my academic program, and my denomination. I also agree to write a thank-you note to any known donor of or contact for the bursary that I receive. Signature Date Freedom of information and protection of privacy The information on this form is collected under the authority of the Vancouver School of Theology Act (1992) and is needed to process your application, and decide your eligibility, for bursary funds. The Awards and Bursaries Committee may release designated information to the donors, provincial funding organizations and/or applicable church bodies as necessary. If you have any questions about the collection and use of this information, please contact the Privacy Officer at All information is given in confidence. PLEASE KEEP A COPY FOR YOUR RECORDS. YOU ARE REQUIRED TO PROVIDE AN UPDATE TO THE BUDGET PROVIDED ABOVE IN ORDER TO BE CONSIDERED FOR FINANCIAL AID EACH TERM SUBSEQUENT TO THE INITIAL TERM OF SUBMISSION. A NEW FULL APPLICATION IS REQUIRED EACH ACADEMIC YEAR.