FINANCIAL AID OPTIONS
Investing in your education is an important decision. Deciding how to pay for that education is equally important. We will help you identify the funding or financing option that works best for you, and guide you through the application process each step of the way.
STUDENT FINANCING
Financial assistance may be available for those who qualify. You will have a dedicated Financial Aid Officer to assist you during the application process, and help you determine your eligibility.
For more information, visit www.osap.gov.on.ca.
INTEREST-FREE PAYMENT PLANS
Tuition for our diploma programs can be paid in monthly installments. Payment is interest-free for the duration of your program. Speak with one of our Academic Advisors to learn more about this payment option.
STUDENT LINE OF CREDIT
Student lines of credit are available through financial institutions to assist students with their expenses related to post-secondary education.
LIFELONG LEARNING PLAN
A Lifelong Learning Plan (LLP) allows you to withdraw funds from your RRSPs to finance the training or education for you, your spouse, or common-law partner. For more information on Lifelong Learning Plans, visit the Canada Revenue Agency website at: https://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html
REGISTERED EDUCATION SAVINGS PLANS
Registered Education Savings Plans allow savings for post-secondary education to grow tax-free. You could also gain government money through the Canada Education Savings Grant, and the Canada Learning Bond. For more information, please visit the Government of Canada CanLearn website at: https://www.canada.ca/en/services/benefits/education/education-savings/resp.html
BETTER JOBS ONTARIO
Better Jobs Ontario provides Ontario laid-off workers with skills training to help them find jobs in high-demand occupations. Better Jobs Ontario is a cost-sharing grant program administered by Employment Ontario. It is provided on the basis of need, so you may be asked to contribute what you can to your career training.
For more information on the program, visit the Better Jobs Ontario page.
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