Student Income Calculator

NOTE: Enter information into the yellow fields only:		USD to PESO =		CAD to PESO =		CAD to USD =		CAD to TWD =

Cash Requirements for Student & Loan Calculator

Marital Status

	School Options & Tuition Fee per Year	School Application / Admission Fee	Books, Insurance, and Other fees
Option 1
Option 2
Option 3

		1ST SEMESTER			1-YEAR TUITION			2-YEAR TUITION
		Option 1	Option 2	Option 3	Option 1	Option 2	Option 3	Option 1	Option 2	Option 3
I. Cost of Student Visa
School Tuition Fee (in CAD)
School Application / Admission Fee
Books, Insurance, and Other fees

School Tuition Fee (in PESO)
Processing Fees (in CAD)
Get Ready (in CAD)
Consulting Fee (in CAD)
Total Cost for Student Visa (in CAD)

II. Extra Cash in Need
One-way Airplane Ticket(s) (in CAD)
Pocket Money - Cash on Hand when land in Canada (in CAD)
Total Extra Cash (in CAD)

III. Savings
Do you have a savings?
Current Savings in PESO converted to CAD
Current Savings in TWD converted to CAD
No. of Months before Visa filing form now on
Monthly saving (in TWD)
Accu. Amount of Savings converted from TWD to CAD
Total Amount of other source(s) converted to CAD
Total Amount of Savings (in CAD)

IV. Cash in Short (IV. = I. + II - III.)
Cash in Short (in TWD)
Cash in Short (in PESO)

V. Settlement Fund
Settlement Fund for One (1) Yr. incl. 2nd Sem Tuition (in CAD)
Are you Applying a loan for SF?
Monthly Interest Rate			%
SF Loan Processing Fee			%
No. of Months for SF Loan till Visa granted

Monthly Interest of SF Loan (in CAD)
Accu. Interest before Visa granted (in CAD)
Private Loan Processing Fees (in CAD)

Amount to payoff for getting SF by a Loan (in CAD)
If this amount to be paid off by loan in Canada

VI. Loan Amount with Private Investor
Total Cash Needed (in CAD)
Percentage of self-financing fund (e.g. Relatives)	% in CAD
Percentage of Private Investor (Total Loan Amount)	% in CAD
Monthly Payment by Interest Only	% in CAD
in USD
in PESO

Balloon Payment Due by the end of the 3rd year


LOAN NEEDED


without Optional
Amount of Loan in CAD with Optional

Identify who will be applying and going to Canada and Monthly Expenses

APPROXIMATE MONTHLY EXPENSES (per province)
	Spouse	No. of Student	Kids
Province
Accommodation
Food
Clothing
Entertainment
Health Insurance
Transportation
Phone bill
Internet
Utilities
Miscellaneous
PH Remittance		start year

TOTAL

AVERAGE TUITION IN CANADA	for reference only

Step 2.A - IN CANADIAN DOLLAR (CAD)

Current Savings	Cash Needed	Loan Needed
Savings per month	Savings
No. of months to save	Needed Loan
Savings	Loan Term
Total Savings	Do you need a loan?
Percentage of loan needed	Loan Payment Start
Percentage of loan needed	Loan Payment Start

Inputs
Loan Amount
Loan Term (IN YEAR)
Annual Interest Rate		%
No. of Payments in months
Begin Date
Interest Only/Balloon Payment
Summary
Monthly Payment

Step 2.B LOAN PAYMENT in CANADIAN DOLLAR (CAD) if any

Loan - First Year
Loan - Second Year
Loan - Third Year
Loan - Fourth Year
Loan - Fifth Year

LOAN PRE-PAYMENT EVERY END OF THE YEAR in CAD

Year 1
Year 2
Year 3
Year 4
Year 5

Schedule A

LOAN AMORTIZATION

Loan Information	Summary
Loan Amount	Rate (per period)	%
Annual Interest Rate	%
Term of Loan in Years
First Payment Date
Payment Frequency
Compound Period
Payment Type
Rounding
Periods per Year
Compound Period
Payment Type
Months per Period
Number of Periods
Monthly Payment

Step 3 Define Assumptions and Overtime

ASSUMPTIONS			REMARKS
Province of Canada			Monthly expense budget depends on where in Canada
Minimum Wage/Hour CAD			Minimum wage depends on which province in Canada
Increase in Wage/Hour CAD			Wage with increased
YEAR INCREASE			Year when to apply the increased in Salary
Annual Tax Rate			Tax rate depends on which province in Canada
Working hours/week Part Time			20 hours/week worked is the maximum legal amount during school semester
Working hours/week Full Time			40 hours/week worked is the maximum legal amount without overtime pay
Years of study program			Enter maximum 2 years (1 year for certificate, 2 years for degree)
Years of post grad work permit			Enter maximum 3 years (1 year study get 1 year post grad work permit, 2 years study get 2-3 years post grad work permit)
First Year 1st Sem Tuition			Tuition fee depends on what school and what course
First Year 2nd Sem Tuition			Tuition fee depends on what school and what course
Second Year Tuition			Tuition fee depends on what school and what course
Settlement Fund

OVERTIME	Year 1st or 2nd	(year 2nd to 5th) or (year 3rd to 5th) (student only)
STUDENT			Enter number of hours overtime in 1 year (52 weeks) , 17.33 weeks only on 1st and 2nd year
SPOUSE			Enter number of hours overtime in 1 year (52 weeks)

Step 4 Calculate your annual income, costs, and total savings in Canada (automatic calculation)

		PHP	CAD	Remarks
YEAR 1	Annual Income			1st year income
	First Year First Semester Tuition			tuition
	First Year Second Semester Tuition
	1st year living expenses			Settlement Fund
	Annual living expenses			Monthly living expenses x 12 months
	PH Remittance			Monthly remittance to the Phils x 12months
	Annual loan pay back			Monthly loan payments x 12 months
	Loan Pre-Payment			Annual Loan Prepayment
	Balance after 1st year costs			Money in the bank after Year 1

YEAR 2	Annual Income			2nd year income
	Second Year Tuition			tuition
	Annual living expenses			Monthly living expenses x 12 months
	PH Remittance			Monthly remittance to the Phils x 12months
	Annual loan pay back			Monthly loan payments x 12 months
	Loan Pre-Payment			Annual Loan Prepayment
	Balance after 2nd year costs			Money in the bank after Year 2

YEAR 3	Annual Income			3rd year income
	Annual living expenses			Monthly living expenses x 12 months
	PH Remittance			Monthly remittance to the Phils x 12months
	Annual loan pay back			Monthly loan payments x 12 months
	Loan Pre-Payment			Annual Loan Prepayment
	Balance after 3rd year costs			Money in the bank after Year 3

YEAR 4	Annual Income			4th year income
	Annual living expenses			Monthly living expenses x 12 months
	PH Remittance			Monthly remittance to the Phils x 12months
	Annual loan pay back			Monthly loan payments x 12 months
	Loan Pre-Payment			Annual Loan Prepayment
	Balance after 4th year costs			Money in the bank after Year 4

YEAR 5	Annual Income			5th year income
	Annual living expenses			Monthly living expenses x 12 months
	PH Remittance			Monthly remittance to the Phils x 12months
	Annual loan pay back			Monthly loan payments x 12 months
	Loan Pre-Payment			Annual Loan Prepayment
	Balance after 5th year costs			Money in the bank after Year 5

Step 3.A Calculate your potential income in Canada (automatic calculation based on assumptions)

POTENTIAL INCOME EARNED IN CANADA (DURING STUDY PROGRAM - 1st to 2nd YEAR)
YEAR 1
A	Part 1: Student		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
B
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
C	Total A + B combined	total per year
		total after tax
D	Part 2: Spouse 1(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
E	Part 1 + 2 Combined
		total per year
		total after tax
YEAR 2
A	Part 1: Student		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
B
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
C	Total A + B combined	total per year
		total after tax
D	Part 2: Spouse 1(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
E	Part 1 + 2 Combined
		total per year
		total after tax

POTENTIAL INCOME EARNED IN CANADA (POST GRADUATE WORK PROGRAM - 3rd to 5th YEAR
Graduated Student and Spouse can both work full time
YEAR 3
A	Part 1: Graduated Student		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
B	Part 2: Spouse (if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
C	Part 1 + 2 Combined
		total per year
		total after tax

YEAR 4
A	Part 1: Graduated Student		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
B	Part 2: Spouse (if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
C	Part 1 + 2 Combined
		total per year
		total after tax

YEAR 5
A	Part 1: Graduated Student		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
B	Part 2: Spouse (if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
C	Part 1 + 2 Combined
		total per year
		total after tax

STUDENT INCOME ILLUSTRATION RECAP

YEAR 1	Expenses - Annual					Income - Annual
		Php	CAD		No. of Applicants	Php	CAD
	Living Expenses			Student
	Tuition Fee-1st yr(1st sem)			Spouse
	Tuition Fee-1st yr(2nd sem)
	Loan Payment
	PH Remittance
	Loan Pre-Payment
Total
					SAVINGS

YEAR 2	Expenses - Annual					Income - Annual
		Php	CAD		No. of Applicants	Php	CAD
	Living Expenses			Student
	Tuition Fee - 2nd year			Spouse
	Loan Payment
	PH Remittance
	Loan Pre-Payment
Total
					SAVINGS

YEAR 3	Expenses - Annual					Income - Annual
		Php	CAD		No. of Applicants	Php	CAD
	Living Expenses			Student
	Loan Payment			Spouse
	PH Remittance
	Loan Pre-Payment
Total
					SAVINGS

YEAR 4	Expenses - Annual					Income - Annual
		Php	CAD		No. of Applicants	Php	CAD
	Living Expenses			Student
	Loan Payment			Spouse
	PH Remittance
	Loan Pre-Payment
Total
					SAVINGS

YEAR 5	Expenses - Annual					Income - Annual
		Php	CAD		No. of Applicants	Php	CAD
	Living Expenses			Student
	Loan Payment			Spouse
	PH Remittance
	Loan Pre-Payment
Total
					SAVINGS

SAVINGS IN 5 YEARS:

Php

CAD

AVERAGE MONTHLY INCOME IN 5 YEARS:

Php

CAD

MONTHLY EXPENSES BREAKDOWN
CAD		Php
Province
Accommodation
Food
Clothing
Entertainment
Health Ins.
Transportation
Phone bill
Internet
Utilities
Miscellaneous
PH Remittance
===========================================
TOTAL
LOAN PAYMENT

Disclaimer:

Figures shown are for illustration purposes only. Calculations are subject to change due to courses taken at college, number of hours worked, cost of monthly living expenses, change in minimum wage, loan repayments and whether or not the student plans on remitting money back to the Philippines monthly.
In the above illustration, it shows average no. of overtime made per week:
	No. of hours per week
Student (1st to 2nd year)
Student (3rd to 5th year)
Spouse (1st to 5th year)