Bank Solutions
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:
- The Bank of Montreal
- TD Canada Trust
- RBC Royal Bank
You can also contact a Financial Aid Officer at Academy of Learning Hamilton Campus to learn more about a student line of credit or any of the other financial assistance options that you may want to pursue. Invest in your future today!
Canada Ontario Job Grant
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:
College Interest-Free Funding
Academy of Learning Hamilton Campus provides interest-free financing to students who have no other available options. Contact us for more information. One of our Financial Aid Officers will help you determine if you qualify. Invest in your education today!
Lifelong Learning Plan
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 Hamilton 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’re 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!
Registered Education Savings Plans
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 College diploma programs are qualified educational programs.
Better Jobs Ontario
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 Hamilton Campus will assist you in getting into this program so you will be able to:
- Train for a new career
- Find out what is needed in the job market
- Learn about careers that build on your skills
- Get financial support
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:
- Books
- Living expenses
- Help caring for dependents
- Travel
- Transportation
- Disability supports
- Other living and training costs
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 career consultants will help you get started and provide ongoing advice.
WHAT WILL THE COUNSELLOR NEED TO KNOW?Your counsellor will want to know about:
- Your work history
- Your education and training
- Your skills
- Your interests
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’re also welcome to call Academy of Learning Hamilton Campus at 1.905.777.8553 or use our online form 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 1.905.777.8553, or use our online form to request more information.
At Academy of Learning Hamilton Campus, we understand that the decision to pursue an education is an important and life-changing one. That’s why we’re invested in making sure your dreams of education, experience and independence become a reality.
WE WILL MAKE SURE YOUR FINANCIAL CONCERNS DO NOT STAND BETWEEN YOU AND YOUR EDUCATION!
We understand the concerns you may have about financing your education. That’s why we offer several different financial assistance options to suit every person’s individual needs.
WE HAVE HELPED THOUSANDS OF STUDENTS SECURE THE FUNDING THEY NEEDED TO GRADUATE AND START NEW CAREERS IN LESS THAN A YEAR!
Our Financial Aid Officer have set thousands of students up for success by finding the right plan for their needs and circumstances. Our free assessment will help determine how much financial assistance you require, how much you’re eligible for and which option best suits your circumstances. No matter what challenges you’re facing, we’ll find an option to get you enrolled and in a classroom more quickly than you thought possible!
WE’LL STICK WITH YOU EVERY STEP OF THE WAY!
We’ll guide you through the application process to ensure that all forms are filled out correctly and that all necessary documentation is submitted. We’ll make sure that the process goes smoothly so there are no delays. If you need advice, help or assistance after you’ve submitted your application, we’ll be there for you to answer any questions and help you resolve any situation.
Contact us for more information on any of the following financial assistance options:
- Bank Solutions
- College Interest-Free Funding
- Lifelong Learning Plan
- RESP
- Second Career
We’re invested in your future and your success. With one phone call, you’ll see just how quickly you can be on your way to acquiring the skills and experience you need to make your dreams come true.