Finance for full-time students - getting started

If you’re going into higher education, there’s money available to help with the costs. You won’t have to pay anything back until you’ve left your course and you’re earning - and you may qualify for support that doesn’t need to be paid back at all.

Study first, pay back when you’re earning

There’s a student finance package available to help with the costs of higher education. The main sources of help for full-time students are:

• Student Loans and grants from the government
• bursaries from universities and colleges

If you take out a Student Loan from the government, you won’t have to start paying it back until you’ve left your course and are earning more than £15,000 a year.

And any help that you get through a grant or bursary doesn’t have to be repaid at all.

Capital market

• Long-term funds are bought and sold:
  • Shares
  • Debentures
  • Long-term loans, often with a mortgage bond as security
  • Reserve funds
  • Euro Bonds

[edit] Money market

• Financial institutions can use short-term savings to lend out in the form of short-term loans:
  • Credit on open account
  • Bank overdraft
  • Short-term loans
  • Bills of exchange
  • Factoring of debtors

[edit] Borrowed capital

This is capital which the business borrows from institutions or people, and includes debentures:

• Redeemable debentures
• Irredeemable debentures
• Debentures to bearer
• Hardcore debentures

ABOUT FINANCE

About Finance

The principal functions of the Ministry are to recommend taxation, fiscal and economic policies, manage provincial finances and develop and allocate the provincial budget.

The mission of the Ministry of Finance is to promote a dynamic, innovative and growing economy and to manage the fiscal, financial and related regulatory affairs of the Province of Ontario. To carry out this mission the ministry will create a climate for economic growth and job creation in the province; promote the effective and efficient delivery of government services to taxpayers and reduce spending; ensure prudent management of the province's debt; balance the budget; and ensure that public organizations remain accountable to taxpayers for the use of their funds.