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Many Canadian financial institutions offer a student line of credit for those who may not be eligible for student loans or who demonstrate a need for financial aid above that which they’ve already received. Eligibility requirements, interest rates and maximum credit limits vary from bank to bank.
In general, students only have to pay interest owing each month while still in school and most banks offer a 12-month “grace period” where interest on the principal borrowed does not have to be paid. Once the 12-month grace period ends, you start making monthly payments on the principal you borrowed. Visit some of the following banks to get more information:
Student can also contact a Financial Aid Officer at Academy of Learning Career College Brampton Campus to learn more about a student line of credit or any of the other financial assistance options that Student may want to pursue. Invest in your education today!
The Canada-Ontario Job Grant (C.O.J.G.) provides an opportunity for employers to invest in their workforce with help from the government.
The Job Grant will provide direct financial support to individual employers who wish to purchase training for their employees, and will provide up to $10,000 in government support per person for training costs.
To learn more about the Job Grant, download the guide by clicking on the link below:
Academy of Learning Career College Brampton Campus provides interest-free financing to students who have no other available options. Contact us for more information about payment plans. One of our Financial Aid Officers will help you determine if you qualify. Invest in your education today!
Education is the movement from darkness to light. – Allan Bloom
The most common option for Ontario students to finance their education is through the Ontario Student Assistance Program (or OSAP). OSAP is a student loan provided by the provincial government for qualifying Ontario residents who need financial help to begin or continue their studies. Students may be eligible, if qualified, for loans, grants, or awards granted under the Ontario Student Assistance Program (OSAP).
You can visit the Ontario governments page on Student Assistance to learn more, or go through the following FAQ, which addresses the most commonly-asked questions related to OSAP.
If you have any questions , please contact Academy of Learning Career College Brampton Campus for more information on OSAP. We are always available to help!
The Lifelong Learning Plan (LLP) is a financial assistance option that allows individuals to withdraw funds from their Registered Retirement Savings Plan (RRSP) in order to finance training or education. This money can be used to finance your own education, or that of a spouse or common-law partner.
To be eligible, you must complete and send an income tax return every year until you have repaid all of your LLP withdrawals or included them in your income. You must also be enrolled at Academy of Learning Career College Brampton Campus in a qualifying educational program.
Other criteria may apply, so contact one of our Financial Aid Officers to learn more about the Lifelong Learning Plan and see if you are eligible for this program. They will also help you determine how much you are able to withdraw from your RRSP and answer any questions you may have about the program.
You may also visit the Canada Revenue Agency website for more details on how to make the Lifelong Learning Plan work for you!
If you have been named a beneficiary under a family member’s Registered Education Savings Plan (RESP), you can use the funds from the RESP to finance your education.
REGISTERED EDUCATION SAVINGS PLANS (RESP)
Students who have been named a beneficiary under a family members Registered Education Savings Plan (RESP), may use funds from the RESP to finance their education.
Upon enrolling in a qualifying educational program – a course of study that lasts at least three consecutive weeks, with a minimum of 10 hours of instruction or work per week. The beneficiary will become eligible to receive payments from the RESP to help cover the costs of education. All Academy of Learning Career College diploma programs are qualified educational programs.
WHAT IS Better Jobs Ontario FUNDING?
Laid off Unemployed or under-employed? Looking for a new career? Need to upgrade your current skills? Better Jobs Ontario is an Ontario government program that can help you. Academy of Learning Career College Brampton Campus will assist you in getting into this program so you will be able to:
HOW CAN IT HELP YOU?
Better Jobs Ontario helps people get the training or education they need to get a good job. It provides financial help up to $28,000 to pay for tuition and things like:
HOW DOES IT WORK?
Better Jobs Ontario starts with a visit to an Employment Ontario assessment centre.
A counsellor will talk to you about your goals, and the kind of help you need. If Better Jobs Ontario is the right choice, the counsellor will help you prepare a training plan and apply for Better Jobs Ontario.
Our own Admission Advisors will help you get started and provide ongoing advice.
WHAT WILL THE COUNSELLOR NEED TO KNOW?
Your counsellor will want to know about:
This will help you and your counsellor think about the kinds of careers you would enjoy, and be successful at.
WHAT SHOULD I DO NOW?
If you think Better Jobs Ontario might be right for you, visit an Employment Ontario assessment centre and learn more. You’ are also welcome to call Academy of Learning Career College Brampton Campus at 905-508-5791 to request further information.
HOW DO I APPLY?
For more information about how you can benefit from the Better Jobs Ontario Strategy, call us at 905-508-5791.
