Financing and Funding Options
Postsecondary education is a large investment. Under the administration of our financial aid officer, CADH has several payment options available:
For those students enrolled in diploma programs at CADH, financial assistance may be eligible to those who qualify. For more information, please speak with the financial aid office at CADH.
STUDENTS FROM OUTSIDE ONTARIO
Students who are from outside of Ontario may be eligible for loans, bursaries and grants which are administered by Student Financial Assistance Offices in the individual’s province. Please visit the Government of Canada Can Learn website at: www.canlearn.ca/eng/main/help/contact/cao.shtml. Our financial aid office would be pleased to answer any questions related to this area.
THE LIFELONG LEARNING PLAN:
WITHDRAWALS FROM RRSP (REGISTERED RETIREMENT SAVINGS PLANS)
The Canada Revenue Agency Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RRSP’S to finance education for you , your spouse (or common law partner). You may withdraw up to $10,000 per year to a maximum of $20,000. For more information visit the Canada Revenue Agency website at: www.cra-ac.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html. You may also wish to speak with our financial aid office.
MONTHLY PAYMENT PLANS
Monthly payment plans can be arranged through our admissions office. There is no credit check or co-signor required. Furthermore, there is no interest applied to the outstanding balance.
REGISTERED EDUCATION SAVINGS PLANS
You may use funds from a Registered Education Savings Plan (RESP) if you have been named a beneficiary under a family member’s plan. You are encouraged to contact the financial institution holding the plan. Speak with the financial aid office at CADH. In addition you may visit the Government of Canada web site at www.canlearn.ca/eng/saving/resp.index.shtml
The Ministry of Training, Colleges and Universities (MTCU) in Ontario administers programs that help students who are presently unemployed and have qualified for unemployment insurance. Please speak with the financial aid office for more details regarding such programs.
We hope this information is helpful to you. Please contact us at 905 278 2794, 1 866 899 9091 or e mail firstname.lastname@example.org if we can be of further assistance.
Student lines of credit may be available to those who qualify!
Links to Sources of Funding