Going to college often feels like leaving one phase of your life behind and taking the first steps into the next. It’s a transformative place, where you gain the skills and experiences you need to change careers or advance within your own industry.
It’s also an investment, and like most investments, requires a certain amount of financial support.
Firstly, know that the cost of education can sometimes feel overwhelming – and this is normal. Classes might mean a change in your normal working schedule and the total cost on paper for a diploma might seem like an impossible sum.
Fortunately, with the widespread availability of financial aid and funding options in Ontario, education has arguably never been more affordable.
While navigating the funding options out there might also seem challenging, at CTS Canadian Career College, we understand that financing your education is a crucial part of the decision-making process. That’s why we have a team of dedicated financial aid officers to help you secure the funding you need.. Whether it’s through government programs, scholarships, or in-house financing options, we’re committed to making sure you can focus on your education, not the cost.
In the following post, we’ll explore various financial aid options and how CTS Canadian Career College can help you navigate them.
How CTS Canadian Career College Supports You Financially
Our Financial Aid department submits dozens of successful funding applications every week, helping students offset the cost of their tuition. From the moment you apply, our team will work with you one-on-one to assess your financial situation and find the best options for you. We’ll guide you through scholarships, grants, loans, and more, ensuring you have access to all the support available.
Here’s a breakdown of some of the most common financial aid options available to students:
1. Ontario Student Assistance Program (OSAP)
OSAP is Ontario’s primary student assistance program, offering a combination of grants and loans to cover education costs. It’s one of the most accessible and widely applied routes for post-secondary education funding.
Each student’s situation is unique, and OSAP takes this into consideration. If you decide to go this route, our team of advisors will help you shape your application to fit your specific needs.
Whether you’re unsure if you qualify or have questions about how much aid you can receive, our team is here to help.
2. Scholarships
Scholarships can significantly reduce the cost of your education, and there are many available to eligible students.
One popular option is that here at CTS Canadian Career College we’ve recently expanded the CTS High School Scholarship, offering $2,500 to recent high school graduates.
Scholarships like these can make a huge difference, so be sure to ask your admissions advisor about available opportunities.
3. Lifelong Learning Plan (LLP)
The Lifelong Learning Plan (LLP) allows Canadians to withdraw from their RRSPs to finance education or training for themselves or their spouse without interest charges.
If you or your family have contributed to an RRSP, this can be an excellent way to cover tuition costs.
If interested, our admissions team can explain the LLP in more detail and help you determine if it’s a good fit for you.
4. CTS College Interest-Free Payment Plan
To make things easier for our students, CTS Canadian Career College offers in-house financing.
Our interest-free pre-authorization payment plans allow eligible students to break up the cost of tuition over time without additional charges. This option is ideal for those who want a flexible, stress-free way to manage their educational expenses.
5. Sponsorships and Special Funding
Depending on your background or situation, you might qualify for specialized sponsorships or third-party funding.
Programs like First Nations Educational Funding or the Metis Nations of Ontario offer scholarships to eligible students.
There are also sponsorship options through organizations such as Human Resources Development Canada, which provides financial support for retraining and continuing education.
When inquiring with us, our admissions team will help you explore these options to see if you qualify.
6. Student Lines of Credit
Many major financial institutions in Canada, such as RBC, BMO, and TD Canada Trust, offer student lines of credit specifically for educational purposes.
These lines of credit can be used to cover tuition, books, and living expenses while you’re in school. Our team can guide you through the process of applying for a student line of credit and explain how this can help you finance your education.
We’re Here to Help You Afford Your Education
Financing your education doesn’t have to be stressful.
At CTS Canadian Career College, we’re committed to helping you explore every possible financial aid option to make your studies more affordable. Whether you’re eligible for OSAP, scholarships, in-house financing, or third-party funding, our Financial Aid advisors are here to support you every step of the way.
Ready to start your journey? Contact us today to schedule a consultation with our Financial Aid department and learn how we can help you finance your future.