Funding your education can be overwhelming when you are looking at all the costs of tuition, books, transportation, plus your living expenses during the time you are in school. There are many different avenues for you to choose from. We hope that the information below will help you navigate the funding so that you can have the career you always wanted.
STUDENT LOANS
For residents of British Columbia, students apply for both the federal and provincial student loan program with one application form. The best website to aid you is http://www.canlearn.ca This website offers all the information needed to make the decision as to whether doing a student loan is the right choice for you. If a student loan is your best choice, then your next step is to make an appointment to come in and discuss the program that you are interested in. After you have received acceptance into your choice of program, we will assist you in completing the online student loan. As an educational institution, we are required to educate you on your student loan rights and responsibilities and we take this role very seriously. Typically, you would have answer to your request for a student loan with 10 days.
ABORIGINAL STUDENTS
If you are of aboriginal descent, you may be able to access educational funding through your band. Contact your band office for further information.
BANK STUDENT LOANS
In most banks, a student loan is referred to as a personal line of credit and you can get up to $10,000 per academic year if you are a full time student or up to $5000 if you are part time. For more information, please visit your local bank or credit union. Payment plans can be set up through the college.
EMPLOYERS
Some companies will pay for your courses if it would be an added benefit to them, if the courses you are taking are related to work.
LIFELONG LEARNING PLAN (LLP)
If you have RRSP's, this might be an option for you. It allows you to borrow up to $10,000 per year, interest free, from your RRSP, to help you or your partner pay for your full time education.
PROVINCIAL AND TERRITORIAL WORKERS COMPENSATION BOARDS (WCB)
If you are receiving compensation benefits and need some type of retraining, you may be eligible for funding. The WCB reviews each claim on igts own merit and then determines what is in the best interest of the injured worker and the WCB. Please check with your local office.
HRSDC Funding
For those who qualify for government sponsorship, you can receive help in funding your education needs. Visit your local CARE office for details. |
