SGS Graduate Student
Financial Need Assessment Form
For the Black Graduate Student Excellence Bursary
1/4 Updated: February 27, 2020
Students applying for need based awards must complete and submit this form with all required supporting documentation online to SGS
Last Name:
First Name:
Student Number (if available):
Proposed Graduate Unit:
Enter your expected expense and resource amounts in Canadian dollars for the total number of months you will be registered in the
academic year 2020-21 (typically 12 months between September and August). The “Monthly Allowable Amount(A) provided is based on
allowable claims determined by the Ontario government, for which rent, utilities, food, household supplies, phone & internet,
transportation costs, etc. are accounted. Supporting documents must be provided for items with check marks as indicated on the left.
EXPECTED EXPENSES for the academic year 2020-21
A
B
C
Please complete sections 1 or 2 depending on your living arrangements, and
sections 3 & 4.
Monthly
Allowable
Amount
# Months
Registered
Total CAD
(A x B = C)
Single/separated/divorced
$560
x 12
$
Partnered
$1286
x 12
$
Number of dependent(s) aged 0-12:
_______________
List age(s) of dependent(s)
(e.g. 1, 3, 5): _______________
$327 x ____
(# of children)
x 12
$
Number of dependent(s) ages 12-18:
_______________
List age(s) of dependent(s)
(e.g. 16, 17): _______________
$449 x ____
(# of children)
x 12
$
Single/separated/divorced
$1705
x 12
$
Partnered
$2509
x 12
$
Number of dependent(s) aged 0-12:
_______________
List age(s) of dependent(s)
(e.g. 1, 3, 5): _______________
$590 x ____
(# of children)
x 12
$
Number of dependent(s) ages 12-18:
_______________
List age(s) of dependent(s)
(e.g. 16, 17): _______________
$712 x ____
(# of children)
x 12
$
Day care (maximum $470 per child x number of children)
$______ (max
$470) x ____
(# of children)
x 12
$

i)
$

ii)
$
Tuition, incidental, system access & ancillary fees (enter total only e.g. $7,850.90 CAD)
$
Books & Academic Supplies
$
Total Expected Expenses (sections 1 4)
$ _______________ CAD
0.00
2/4 Updated: Fall 2020
EXPECTED RESOURCES (must be for the same timeframe as the Expected Expenses section, i.e. 12 months)
Total
Government Student Loans/Aid:
Specify: ______________________________________________________ (attach preliminary assessment)
$
Available student line of credit / financial institution loan
$
Total amount of graduate funding (e.g. $17,500+tuition).Visit the SGS website to determine the base amounts
for your proposed/current graduate unit.
$
Other awards (i.e. from external funding sources not part of funding package)
$
Other employment income (net amount after tax deduction)
$
Funds/support from family member(s)
$
50% partner’s income after tax deduction (i.e. net income 2). This amount must be provided if partnered
expenses are claimed above
$
Child support or government assistance/benefits
$
Savings and Investments
$
i)
$
ii)
$
iii)
$
Total Expected Resources
$ _______________ CAD
TOTAL NEED (Resources minus () Expenses)
$ _______________ CAD
Applicant’s Declaration and Authorization
By submission of the application, I hereby certify that the information provided is true, complete and accurate. I understand that I
may be required to supply additional documentation in support of the above statements upon request. This form and all supporting
documents will be retained at the School of Graduate Studies (SGS) and will only serve to inform the UTGSU of my eligibility for
need-based funding. I authorize SGS to contact the sources of my supplementary documentation and to verify the information
where necessary. If any information provided is found to be intentionally falsified, I understand I may become ineligible for this and
receive future awards.
Signature of Applicant:
Date:
Submission Process
Click here to upload the completed SGS Financial Need Assessment Form and any supporting documents to SGS.
Contact us
UTGSU
Black Graduate Student Excellence Bursary
Complete application details are available here: https://utgsu.ca/black-grad
Questions regarding the application process may be directed to: bgseb@utgsu.ca
0.00
0.00
3/4 Updated: Fall 2020
The SGS Financial Need Assessment Form must be completed and supporting documents provided when being nominated for
need-based awards. Please enter all amounts in Canadian dollars (CAD) using the posted exchange rate at the time of
application.
Expected Expenses
The SGS Financial Need Assessment section serves to calculate your expected resources and expenses for the upcoming
academic year (2020-21). The amounts in Column C will need to be calculated based on 12 months, for which you will be
registered in the upcoming academic year.
Financial need is normally demonstrated when a negative or very small positive balance (under $500) appears in the “TOTAL
NEED” field on page 2 of the application (e.g., “Total Expected Expenses” is higher than “Total Expected Resources”). Showing a
large positive balance in the “TOTAL NEED” field will normally not be considered a demonstration of financial need, unless
extenuating circumstances are also reported (supporting documentation must be submitted).
Living Expenses
Choose which living situation applies to you (no housing costs or with housing costs) and fill in the appropriate information.
Example #1: A single student who will be registered for 12 months, does not have children and is living in his/her parent’s home
should:
Choose “Single/Separated/Divorced” under the category “Living Expenses (no housing costs)
Calculate the amount for Column C ($560 x 12 = $6720)
Example #2: A student who will be registered for 12 months, has a partner and 2 children under the age of 12 paying rent should:
Choose “Partnered” under the category “Living Expenses (with housing costs)”
Calculate the amount for Column C ($2509 x 12 = $30,108)
Enter “2” under “Number of dependents aged 0-12” to account for the two children
Enter “2” in Column A “$590 x ___”
Calculate the amount for Column C ($590 x 2 = $1180; $1180 x 12 = $14,160)
Academic Expenses
As tuition for the upcoming year will not be posted until July, enter your fees for the current academic year as an estimate. The
total cost of tuition and other fees for most full-time PhD students in the academic year 2019-20 was $7,850.90.
Review the Tuition Fees Schedules at https://studentaccount.utoronto.ca/ for detailed information.
Include the total cost of books, photocopying, supplies, equipment, thesis binding, etc. for the upcoming year. Provide reasonable
academic related expenses.
Other
Include other necessary expenses you expect to incur (e.g. extended daily commuting costs, prescribed medication not covered
by insurance). Supporting documentation (e.g. receipts from current year) must be provided for each item or the amount(s) will be
automatically removed from consideration.
Food, Household Supplies, Clothing, Transportation, Phone & Internet
These costs are already calculated and included within the “Monthly Allowable Amounts” in Column A. The “Monthly Allowable
Amounts” are based on allowable claims determined by the Ontario government.
Expected Resources
Government Student Loans/Aid
If you are planning to apply for government student loans from your home country for the upcoming academic year, enter an
estimated amount for the upcoming year.
Available student line-of-credit / financial institution loan
Only include the amount currently available to you through your student line-of-credit or bank loan.
Graduate funding
Students in doctoral-stream programs must declare the total amount of the minimum funding commitment they expect to receive in
the upcoming academic year. Amounts for the most recent year are available on the SGS website.
SGS Financial Need Assessment Form - Guide
4/4 Updated: Fall 2020
Awards
Include awards/scholarships/fellowships, etc., that have been offered to you and that you have accepted to receive in the
upcoming academic year (U of T Fellowships should only be included in the “Total amount of graduate funding” field, as they are
part of your program’s funding commitment). If you have not been offered any awards for the upcoming year, enter “0”.
Other employment income
Include expected employment income that is outside of your funding commitment (e.g. work-study, off-campus employment, paid
internships).
Funds or Support from family member(s)
Enter any funds or payments provided as support by family or friends, including gifts or loans.
Partner’s Income
If you chose the “Partnered” category under “Expected Expenses”, enter 50% of your partner’s net income (after tax deduction).
To calculate, determine your partner’s total annual income amount after taxes are deducted, and divide the amount by 2.
Savings and Investments
Include the total amount of savings or investments you have access to (i.e. bank or investment accounts that you can access
relatively easily).
Financial Resources Supporting Documentation
To determine whether you are a dependent and need to attach parental/spousal financial and tax statements:
A dependent is defined as a biological/adopted child, spouse, or common-law partner who is in one of the following situations of
dependency:
a) under age 22; or
b) enrolled continuously at a college, university or other educational institution and dependent substantially on the financial
support of the parent, spouse or common-law partner; or
c) a person with a disability who has been financially supported substantially by his or her parents and who is unable to be
self-supporting because of the disability.
Contact us
UTGSU
Black Graduate Student Excellence Bursary
Complete application details are available here: https://utgsu.ca/black-grad
Questions regarding the application process may be directed to: bgseb@utgsu.ca
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