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RBC Student Budget Calculator

  1. School Details
    1
  2. Expenses
    2
  3. Income
    3
  4. Results
    4

Step 1 of 4: School Detail

Use the RBC Student Budget Calculator1 to help you figure out how much money you'll need to get through the school year. When you don't have an exact amount to work with, estimate on the high side. You can always go back and rework the figures later. The number you enter is used to calculate your expenses in total at the end of one year.

1 12
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Step 2 of 4: Expenses

We’ve helped get you started by entering a few national averages according to Statistics Canada. You can modify these values and tailor it to your own personal scenario.

$0 $50,000
$0 $5,000
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$0 $5,000
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$0 $2,000
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$0 $2,000
$0 $600
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$0 $300
$0 $300
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$0 $500
$0 $300
$0 $500
$0 $500
$0 $400
$0 $1,000
$0 $2,000
X
=
X
=
X
=
$0 $300
$0 $300
$0 $500
$0 $500
$0 $200
More Information
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$0 $500
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Expenses
School Fees
Housing / Living
Transportation
Travel
Lifestyle
Your Total Expenses:
$0
Continue
Previous

Step 3 of 4: Income

Look at all of your sources of income. Determine how much you have saved and what you will receive for the school year.

$0 $10,000
$0 $10,000
$0 $10,000
$0 $15,000
$0 $15,000
More Information
close
$0 $15,000
$0 $2,000
$0 $2,000
Income
Savings / Investments
Financial Assistance
Income
Your Total Income:
$0
Previous
Previous
Continue
Continue

Budget Results Print

Results for your School Year
Your Total Expenses $0
Your Total Income $0
Your Income Surplus is:
$0
Expenses
Income
Shortfall
Surplus
Start Over
Start Over

Looks like you may need to borrow money for school

Based on the information you provided, it appears you may need additional funds to help cover your education expenses in the coming/current school year. Good news! We can help provide a solution for you such as RBC Student Line of Credit with the following features and benefits:

  • Flexible credit limits starting at $5,000*
  • Only pay interest on what you borrow, with competitive interest rates based on RBC Prime Rate2
  • Flexible repayment timelines that consider student needs
  • Easy access to the money you need, when you need it

Il semble que vous deviez peut-être emprunter pour vos études

Compte tenu des renseignements que vous nous avez fournis, il semble que vous puissiez avoir besoin de fonds supplémentaires pour couvrir les dépenses liées à vos études au cours de l’année scolaire en cours ou à venir. Bonne nouvelle ! Nous pouvons vous proposer des solutions telles que la Marge de Crédit Royale pour étudiant, qui comporte les caractéristiques et les avantages suivants :

  • Limites de crédit souples à partir de 5 000 $*
  • Ne payez des intérêts que sur ce que vous empruntez et profitez de taux d’intérêt concurrentiels fondés sur le taux préférentiel de RBC2
  • Échéanciers de remboursement souples adaptés aux besoins des étudiants
  • Accès facile aux fonds dont vous avez besoin, quand vous en avez besoin

Need to Borrow Money for School?

Based on the information you provided, it appears you may need additional funds to help cover your education expenses. Good news! We can provide simple solutions to help you plan for the school year.

  • You could qualify for a student credit card. And if your needs change, you may want to consider an RBC Student Line of Credit.

Il semble que vous deviez peut-être emprunter pour vos études

Compte tenu des renseignements que vous nous avez fournis, il semble que puissiez avoir besoin de fonds supplémentaires pour couvrir les dépenses liées à vos études. Bonne nouvelle ! Nous pouvons vous proposer des solutions simples qui vous aideront à vous préparer pour l’année scolaire.

  • Vous pourriez être admissible à une carte de crédit pour étudiant. Si vos besoins changent, vous pourriez aussi envisager une Marge de Crédit Royale pour étudiant.

Looks like you’re financially prepared for the school year!

Great News! You have enough funds to cover your expenses for the upcoming school year. If you’re wondering how to use your extra cash, we can help you maximize your savings.

  • Why not put the extra money into a Savings account to help you reach your goals or save for a rainy day? With the RBC High Interest eSavings account you also get competitive interest rates, earn interest on every dollar3 and there is no minimum balance required. Open in minutes in the mobile app4.

Other ways to optimize your finances:

Start earning Avion points with each purchase using your debit card.
Call 1-800-769-2511 to enroll your account in the Value Program today.
Start building your credit with an RBC Student Credit Card - Browse the Different Types of Credit Cards
Explore RBC Scholarships - Scholarships | RBC Future Launch

Vous semblez être sur la bonne voie pour l’année scolaire !

Bonne nouvelle ! Vous avez suffisamment de fonds pour couvrir vos dépenses au cours de la prochaine année scolaire. Si vous vous demandez quoi faire avec vos fonds en surplus, nous pouvons vous aider à maximiser votre épargne.

  • Pourquoi ne pas déposer l’argent que vous avez en trop dans un compte d’épargne qui pourra vous aider à atteindre vos objectifs ou servir de fonds d’urgence ? Avec le compte Épargne @ intérêt élevé RBC, vous profitez d’un taux d’intérêt concurrentiel et accumulez des intérêts sur chaque dollar3, sans aucune exigence de solde minimal. Ouvrez un compte en quelques minutes dans notre appli mobile4.

Autres moyens d’optimiser vos finances :

  • [icon] Commencez à accumuler des points Avion Récompenses sur chaque achat effectué avec votre carte de débit.
    Composez le 1 800 769-2511 pour inscrire votre compte au Programme valeur dès aujourd’hui.
  • [icon] Commencez à bâtir des antécédents de solvabilité avec une carte de crédit RBC pour étudiant – Parcourez les types de cartes de crédit offertes au Canada en 2024 – RBC Banque Royale
  • [icon] Découvrez les Bourses d’études RBC – Bourses | Objectif avenir RBC

Next

Book an appointment with an RBC advisor to discuss your options to save for school and discover special student offers.

PrintPrint results 
Branch Locator Find Your Local Branch
Profile

Book a virtual appointment with an advisor: 1-855-522-5059 (Open 24/7)

Already an RBC client? Book an Appointment

Get the RBC Mobile app on Google Play (opens in a new window) Get the RBC Mobile app in the App Store (opens in a new window)

Get the RBC Mobile app on Google Play (opens in a new window) Get the RBC Mobile app in the App Store (opens in a new window)

 Suivant

Prenez rendez-vous avec un conseiller RBC afin de discuter des options pour payer vos études et de découvrir nos offres spéciales aux étudiants.

Imprimez les résultats
Composez le 1 800 769-2511
Visitez votre succursale pour parler à un conseiller RBC, Clientèle étudiante
Prenez un rendez-vous

Next

Book an appointment with an RBC advisor to discuss your options to save for school and discover special student offers.

PrintPrint results 
Branch Locator Find Your Local Branch
Profile

Book a virtual appointment with an advisor: 1-855-522-5059 (Open 24/7)

Already an RBC client? Book an Appointment

Get the RBC Mobile app on Google Play (opens in a new window) Get the RBC Mobile app in the App Store (opens in a new window)

Get the RBC Mobile app on Google Play (opens in a new window) Get the RBC Mobile app in the App Store (opens in a new window)

 Prochaines étapes

Prenez rendez-vous avec un conseiller RBC afin de discuter des options pour payer vos études et de découvrir nos offres spéciales aux étudiants.

Imprimez les résultats
Composez le 1 800 769-2511
Rendez-vous en succursale pour parler à un conseiller RBC, Clientèle étudiante
Prenez un rendez-vous

Next

Book an appointment with an RBC advisor to discuss your options to save for school and discover special student offers.

PrintPrint results 
Branch Locator Find Your Local Branch
Profile

Book a virtual appointment with an advisor: 1-855-522-5059 (Open 24/7)

Already an RBC client? Book an Appointment

Get the RBC Mobile app on Google Play (opens in a new window) Get the RBC Mobile app in the App Store (opens in a new window)

Get the RBC Mobile app on Google Play (opens in a new window) Get the RBC Mobile app in the App Store (opens in a new window)

 Suivant

RBC Royal Bank
RBC Banque Royale

RBC Student Budget Calculator

Expenses Back to Calculator

School Fees

School Tuition$3,779

Books$800

Supplies$1,000

Other Fees$0

Housing / Living (Monthly)

Housing / Rent$6,875

Food /Groceries$300

Utilities$0

Mobile Phone$0

Other$0

Transportation (Monthly)

Bus / Train / Public Transit$0

Gas$0

Insurance$0

Parking$0

Maintenance$0

Loan / Lease Payment$0

Travel

Conferences$0

Trips Home$0

Vacations$0

Lifestyle (Monthly)

TV / Cable / Satellite$0

Internet$0

Shopping / Clothes$0

Entertainment$0

Health / Gym Membership / Personal$0

Other$0

Your Total Expenses:
$0

How many months will you be in school this year? X

The number you enter is used to calculate your expenses in total at the end of one year.

Income

Savings / Investments

Savings / Investments$3,779

RESP$800

In-Trust$1,000

Financial Assistance

Government Loans$6,875

Scholarships / Bursaries / Grants$300

Other$0

Income (Monthly)

Part-Time Job$0

Family Contributions$0

Your Total Income:
$0

Budget Results

Results for your School Year
Your Total Expenses $0
Your Total Income $0
Expenses
Income
Shortfall
Surplus

Need to Borrow Money for School?

Based on the information you provided, you will need additional funds to cover your education expenses in the coming/current school year. We can help provide a solution for you that could include an RBC Student Line of Credit with the following features and benefits:

  • Flexible limits starting at $5,000 per year
  • A low student interest rate
  • Easy access to the money you need, when you need it
  • Pay only the interest on the amount borrowed while in school, and for one year after you graduate
  • Book an appointment with an RBC advisor to discuss your options for paying for school

Besoin d'emprunter de l'argent pour l'école ?

Compte tenu des renseignements que vous nous avez fournis, vous aurez besoin de fonds additionnels pour couvrir les dépenses liées à vos études au cours de la prochaine année scolaire / année scolaire actuelle. Nous vous proposons la solution suivante : une Marge de Crédit Royale pour étudiant RBC incluant les caractéristiques et avantages suivants :

  • Des limites d'emprunt souples commençant à 5 000 $ par année
  • Un faible taux d'intérêt pour étudiant
  • Un accès facile aux fonds dont vous avez besoin, quand vous en avez besoin
  • Ne payez que les intérêts sur le montant que vous devez pendant vos études et un an après l'obtention de votre diplôme
  • Prendre rendez-vous avec un conseiller RBC afin de discuter des options pour payer vos études

Need to Borrow Money for School?

Based on the information you provided, you may need additional funds to cover your education expenses or readjust your budget. We can help provide a solution to help ensure your funds last throughout the school year.

  • Book an appointment with an RBC advisor to discuss your options

Besoin d'emprunter de l'argent pour l'école ?

Compte tenu des renseignements que vous nous avez fournis, vous pourriez avoir besoin de fonds additionnels pour couvrir les dépenses liées à vos études ou devoir réajuster votre budget. Nous pouvons vous offrir une solution pour que vous puissiez profiter de votre argent durant toute l’année scolaire.

  • Prendre rendez-vous avec un conseiller RBC afin de discuter de vos options

Looks like you’re set for the school year!

Based on the information you provided, you will have sufficient income to cover your expenses in the coming school year. If you’re looking for a way to maximize your savings, you may want to consider an RBC High Interest eSavings Account.

  • Learn More

Vous semblez être dans la bonne voie pour l'année scolaire !

Compte tenu des renseignements que vous nous avez fournis, vous aurez suffisamment de revenus pour couvrir vos dépenses au cours de la prochaine année scolaire. Si vous cherchez à maximiser votre épargne, le compte Épargne @ intérêt élevé RBC pourrait s'avérer un choix judicieux.

  • En savoir plus

Next

Book an appointment with an RBC advisor to discuss your options for paying for school.

Print results 
Call 1-866-245-9322
Visit your local branch to speak to an RBC student advisor
Book an appointment

 Suivant

Prenez un rendez-vous avec un conseiller RBC afin de discuter des options pour payer vos études.

Imprimez les résultats
Composez le 1 866 245-9322
Visitez votre succursale pour parler à un conseiller RBC, Clientèle étudiante
Prenez un rendez-vous
Expand legal disclaimers Collapse legal disclaimers Legal Disclaimers
*
Personal lending products are provided by Royal Bank of Canada and are subject to its standard lending criteria. If your credit history is limited, or you are studying at an educational institution outside of Canada, a co-signor may be required.
1
This calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with your professional accountant or other professional advisors before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.

Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.
2
“RBC Prime Rate” means the annual rate of interest announced by Royal Bank of Canada from time to time as its reference rate then in effect for determining interest rates on Canadian dollar commercial loans made by the Bank in Canada. The current Royal Bank Prime Rate may be viewed here, and is subject to change at any time without notice. On , the Royal Bank Prime Rate was
3
When you enrol your eligible RBC personal bank account into the RBC Value Program, you will be eligible to earn Avion points within the Avion Rewards Program as an Eligible Personal Banking Client, and any such points earned will be deposited into the Avion Rewards account tied to your enrolled account. Purchases from your account refers to using your RBC Client Card to pay for items at a merchant or service provider with the amount electronically debited directly from your enrolled account or using your RBC Virtual Visa Debit for purchases online. Avion points are governed by the Avion Rewards Terms and Conditions available on our website, or a copy may be provided to you by contacting us. For complete details on the Value Program, please see the Value Program Terms & Conditions.
4
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc.

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