Paying for university studies can be challenging. The good news? You have many options to cut costs and manage expenses. You can do this while having a great university experience. We’ve compiled these resources and tips for students - reach out to us with questions!
Budgeting and planning
A budget is a plan that helps you manage your money. It helps you figure out how much money will be coming in and how much you can expect to spend during your studies. It might help you see where you could fit in some part-time work to fund your studies. Or, where a student loan or a scholarship, award or bursary could help.
Paying for school is a challenge.
See our Financial Options check list for some ideas to consider.
Other ideas for you
Foundations for success
VIU offers courses that contribute to academic success. Try time management and study skills courses. These can help you achieve academic and career success. Time management and study skills help if you are in Co-op or Internship programs. They also help if you are getting work experience.
More than 400 students worked in on-campus jobs last year. Learn about on-campus student employment. And learn about co-operative education, practicum and internships.
External job postings
It can be challenging to work while attending university. Staying organized and developing excellent study habits can help. You might pursue off-campus work - check out the following resources to get started:
For more options, check out
Budgeting does not have to be complicated. Here are some ways to help you be financially responsible and stay on top of your money:
- Download the StudentAid BC Budget Sheet to capture your educational costs.
- Try the Financial tools and goals calculators to help you plan your finances.
- Check out Money and Finances for some helpful tips and tools.
- Look at these 7 expert tips for staying on top of your digital spending.
- Looking for housing? Check out VIU's off-campus housing.
- If you are a parent or guardian, the Affordable Childcare Benefit could help with childcare costs.
- Sign-up for Nanaimo's FoodShare - The Good Food Box to access a low-cost bag of fresh fruit and vegetables.
Income tax forms
You can access your VIU T2202 and T4A tax slips by clicking on the Finance tab within your online student record.
Community Income Tax Service
Nanaimo Volunteer and Information Centre Society offers free help. They help with filing your personal income tax. Trained volunteers provide vital help. They assist people on low and fixed income, those on pensions, or disability claims, and to the unemployed. Appointments are available year-round to people who qualify for this valuable service.
- Community Income Tax Service – Volunteer Nanaimo
- Check Canada Revenue Agency for Free Tax Clinics in other communities.
Financial Aid and Awards Experts
Are you a VIU Staff, Faculty or Student Leader? Or an external organization? Are you looking for a Financial Aid and Awards Expert to speak about financial aid resources at your event? Submit a request for an in-person or virtual event no later than 2 weeks before your scheduled event. We will consider late requests but cannot guarantee them.
Grocery shopping
- plan your menu and shop once a week
- join friends and buy in bulk
- don't shop when you are hungry
- substitute beans and grains for meat
- check weekly flyers for deals and coupons
Other shopping
- buy used books - available at VIU Student's Union
- hold clothing swaps and shop at consignment or thrift stores
- ask yourself, "do I really need this, or do I just want it?"
- watch for sales and specials
If you must eat out, clip coupons and take advantage of restaurants that offer nightly specials. Use the Student Saver card available from VIU Student's Union
Other saving and earning ideas
- arrange car pools
- check out cheap night at the movies
- hold a second-hand sale with friends
- walk or cycle to save money on transportation
- participate in volunteer opportunities at community gardens and food kitchens
- avoid buying gifts for friends - instead offer your time for a chore
Education Planner BC
Education Planner BC helps you make well-informed decisions about your education and career options. Use the "Plan Your Education" section to find articles and information about the different paths along the student journey.
Help for new immigrants
Each year the Immigrant Welcome Centre at the Central Vancouver Island Multicultural Society welcomes hundreds of new immigrants from over 50 countries. They speak almost as many different languages!
The Nanaimo-based organization has specialized programs, services and supports for newcomers. They can help you make the transition to a new life in Canada a bit easier.
Connect with the Central Vancouver Island Multicultural Society if you need help to get settled in Nanaimo. They can help you learn English and find a job.