Fortunately, for the convenience of our students, our programs are eligible for the following financial options: Interest-Free Payment Plans; Bank Lines of Credit; Lifelong Learning Plans; Registered Education Savings Plans; Employment Ontario (Second Career, Skills Development).
The total cost of the course (including tuition, books, and materials) is spread into monthly payments. An initial deposit of 25% is due before the program of study starts and the balance is divided into equal monthly installments during the length of the course. The final installment is due one month prior to the completion of the program.
All applicants qualify for this financial alternative, which offers the following advantages:
• Acceptance allows immediate enrollment
• No cosigner required
• No credit check needed
Employment Ontario, Second Career Training and Skills Development are programs designed and managed by the Ontario Ministry of Training, Colleges, and Universities (MTCU) to assist individuals who are unemployed and in need of education or training. A1-GLOBAL COLLEGE accepts funding coming from these options, for which, you may very well qualify.
Contact us for more info!
The Second Career strategy launched by the Ontario Ministry of Training, Colleges and Universities pays for the training or education that Ontarians require to get a better job. It provides financial help up to $28,000, or more in some cases, to pay for:
» Living Expenses
» Help caring for dependents
» Disability supports
» Other living and training costs
Those who qualify may have some or all of these costs covered within the Second Career Strategy. In order to find out if you qualify for Second Career or any other government funding, all candidates must visit a Employment Ontario assessment centre for an assessment interview.
Most banks and Credit Unions in Ontario offer customized Student Lines of Credit so you can get the help you need to cover the cost of tuition, books, materials, and even living expenses. A Bank Line of Credit can give you access to the money you need when you need it. Full or part-time students officially enrolled in the college can apply for this option.
Regularly these financial products include:
• A competitive interest rate, equal to Prime plus a variance rate
• The possibility to withdraw any amount (up to your approved credit limit)
• Interest-only monthly payments until you finish school
• Low monthly payments with up to 20 years to repay
Please contact your financial institution for more details.
Delivered by Canada Revenue Agency (CRA), the Lifelong Learning Plan (LLP) allows individuals to withdraw funds from their Registered Retirement Savings Plan (RRSP) to finance training or education for themselves or their spouse or common-law partner.
You can make withdrawals from more than one RRSP as long as you are plan the owner of each RRSP. Your RRSP issuer will not withhold tax on these amounts and there is an annual limit of $10,000.
Detailed information can be found visiting the CRA website at https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/lifelong-learning-plan.html
A Registered Education Savings Plan (RESP) is a contract between an individual who is the subscriber, and a person or organization, who is the promoter. The subscriber makes contributions to the RESP, which earns income. The subscriber names one or more beneficiaries and agrees to make contributions for them. Students who have been accepted to a program at A1-GLOBAL COLLEGE and are named beneficiaries under a family Registered Education Savings Plan, may use the funds from the RESP to finance their education.
For more information visit these Government of Canada website: https://www.canada.ca/en/services/benefits/education/education-savings/resp.html. Additionally, you can also contact the financial institution holding the RESP.
A1-GLOBAL COLLEGE OF HEALTH, BUSINESS & TECHNOLOGHY
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