Students > Funding my studies > Sample budget

Sample budget

Your success at university can hinge on how well you manage your expenses. The following table will provide you with a realistic picture of the expenses you can expect to incur.

Quebec student Canadian, French or Belgian student Other international student
Total for the year (two sessions)* Min. $38,260
Max. $59,592
Min. $45,860
Max. $65,692
Min. $56,560
Max. $87,342
Tuition fees for undergraduate students, for two terms of full-time study  (30 credits) $4,600 $10,700 $31,600
Cowan insurance – HEC Montréal (per year)** $711
Books (one session) Up to $500
Housing (per month) Rent

$1,100 to $1,500
($600 to $1,000 with roommate)

Home insurance $30 to $50
Heating and electricity*** $100 to $150
Telephone, cable, Internet*** $120 to $150
Food (per month) Groceries $400 to $600
Restaurant and cafeteria meals $150 to $200
Transportation (per month) Public transit (Montréal full-time student rate) $60 to $271
Car $200 to $300
Gas and repairs $200 to $320
Personal care and medications (per month) $120 to $250
Sports and entertainment (per month) $150 to $300
Clothing (per month) $50 to $250
Other expenses $100

*The minimum total budget reflects the financial reality of a student with a roommate, who takes public transport. The maximum total budget reflects that of a student who lives alone and owns a car.

** Supplemental health and dental insurance fees not included.

*** Would be a shared expense for roommates.

Inspired by a tool developed by the Université Laval’s Student Awards and Financial Aid Office

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Need help?

Get advice from a member of the financial aid team by emailing us at sae.afe@hec.ca.