Whether your student is entering first year or going into fourth, attending postsecondary education requires some careful financial planning. To get the conversation started, we’ve come up with some topics you may want to discuss with your student.
In as much advance as possible, sit down with your student and discuss the cost of his or her education and identify the financial resources that will be required.
If applicable, establish whether funding support will be provided to your student on a monthly or lump-sum basis and devise a contingency plan if the funding was to run out. Establishing a financial plan ahead of time will minimize stress, frustration and confusion in the long run.
If you plan to utilize RESP funds, student loans, or third-party sponsorship to help cover tuition and fees, be sure to prepare the application with your student well in advance of any deadlines to avoid late fees.
Ensure your student is aware of important financial deadlines such as tuition fee due dates, OSAP application, late penalties, course add/drop dates, etc.
When it comes to paying for tuition and fees, our preferred method of payment is through online banking. It can be done in three easy steps:
We also accept the following methods of payment:
For cheques and money orders, payment should be made out to Wilfrid Laurier University, and the student ID number should be in the memo field. We do not accepted cash, credit cards, or postdated cheques as a form of payment for tuition and fees.
Pay with points: Aeroplan and TD points can be used towards tuition and fee payments through the HigherEdPoints program.
Encourage your student to regularly check his or her LORIS account throughout the year to access personal information, course registration, student services and student awards and financial aid information. Transcripts, verification of enrolment and Canadian tax forms can also be here.
If you are planning to help pay for your student’s tuition, we encourage you to speak to your student about setting up a LORIS proxy account. This would allow you to access your student’s invoice and account summary information. It is the responsibility of the student to grant parent/guardians with proxy access.
Note: This service does not provide proxy accounts with access to other account information, such as academic records.
In Maclean’s 2017 survey of student satisfaction, Laurier ranked No. 1 in its category nationally for student satisfaction, extracurricular activities, residence living, student-life staff and course instructors.
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