Education is the gift of a lifetime, and a post-secondary education can lead you to great financial independence. Academy of Learning College understands that this can be a big investment and we have a dedicated team to assist you. There are several payment options available for students.
Browse the options below and contact us to discuss which one will be a better fit for you and your family.
Ontario Student Assistance Program (OSAP)
OSAP is a program funded by the provincial and federal governments through the National Students Loans Service Centre. OSAP is a needs-based program which means that they will provide loans, grants, scholarships and bursaries. OSAP provides eligible Ontario students with financial assistance to help pay for tuition, books, basic living costs and transportation.
The government offers several different loans, grants, scholarships and bursaries which are administered by OSAP through a single application process. Visit OSAP for more information or drop in for a visit to speak with one of our campus representatives.
Employment Ontario and Second Career Program
The Ontario Ministry of Training, Colleges and Universities (MTCU) administers programs to assist individuals who are unemployed, have been laid off and who have qualified for Employment Insurance. Students may qualify for post-secondary education funding through Employment Ontario or other programs managed by MTCU.
How Second Career can help you:
Second Career helps people get the re-training required to attain a more secure job and career. Funding from this program will cover the following expenses:
- Living Expenses
- Help caring for dependents
- Disability supports
- Other living and training costs that may be approved
If you want to learn more about Second Career, please contact your closest campus for further information.
You may also visit your nearest Employment Ontario Employment Services Centre to get an assessment on your eligibility for Second Career.
Interest-Free Monthly Payment Plan Option
Academy of Learning College provides interest-free financing if you are not eligible for other funding options. A payment plan for tuition can be arranged to suit students’ individual needs. Payments can be made by cheque, credit card, debit or cash.
For more information please contact one of our campuses and speak with our qualified Financial Aid Officer.
Student Line of Credit
Academy of Learning College has a partnership with CIBC. If you’re a student, this line of credit is designed to help you manage the cost of your post-secondary education. The CIBC Education Line of Credit (ELC) will provide you with up to $40,000 – and you don’t need to start paying back the principal as long as you’re still in school.
You’ll pay only the interest while attending a publicly funded Canadian university or college, and then for 12 months after graduation (or 6 months if you leave the program without graduating). For more information visit on the CIBC Education Line of Credit, or contact us at Academy of Learning College.
Keep in mind that most major banks and credit unions offer student lines of credit to finance post secondary education. Please visit your financial institution to find out more information.
Sponsorship may be available from your employer, or possibly from outside agencies for eligible applicants. Students who wish to apply for sponsorship must contact the appropriate agency for authorization. The application process for sponsorship varies from agency to agency.
For Aboriginal and First Nations please contact your Band Council for information on funding programs available to you.
You may also visit these sites for more information:
- Aboriginal Bursaries: A searchable list of bursaries, scholarships and incentives for Aboriginal students.
- Post-secondary Student Support Program: Federal government funding for Status Indian and Inuit students enrolled in eligible post-secondary programs.
- Metis Student Bursary Program: Funding for Métis students enrolled in postsecondary education. Apply for this funding through the Financial Aid office, Aboriginal student liaison centre or student support services at your college.
Out of Province Students
Students from provinces outside of Ontario may also qualify for loans, scholarships, bursaries and grants administered by their provincial Student Financial Assistance Offices.
Lifelong Learning Plan
The Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RRSPs to finance full-time training or education for you or your spouse or common-law partner. You cannot participate in the LLP to finance your children’s training or education, or the training or education of your spouse’s or common-law partner’s children.
Visit Life Long Learning Plan (LLP) / RRSP for more information.
Registered Education Savings Plan
A Registered Education Savings Plan (RESP) is a special savings account that allows money deposited for a child’s post-secondary education to grow tax-free until the person named enrolls in studies after high school.
Students who have been named a beneficiary under a family member’s RESP may use funds from the RESP to finance their education. Visit Registered Education Savings Plan (RESP) for more information.
Other Financial Assistance options
- CanVet Vocational Rehabilitation (VR) Services
- Embassy of Saudi Arabia
- Ontario Disability Support Program
- SISIP Financial Services
- Workplace Safety and Insurance Board
Methods of payment
Academy of Learning College accepts these methods of payment:
- Credit card payments are available: Visa, Mastercard, American Express
- Cheques, money orders, and cash.
- Pre-authorized credit card payments (for monthly payment plans)
Academy of Learning College Admission Representatives can provide you with additional information and help you plan the funding of your education. Planning ensures stress-free learning and can avoid student loan defaults where funds have been borrowed.