Financial Aid

A monthly payment plan can be arranged to suit your needs. Tuition costs are divided into monthly payments throughout your program. The first payment is due on the first day of classes, and the final payment is due approximately one month prior to completion of your studies. Payments are interest free while you are an active student. All students are automatically eligible for monthly payment plans with no credit check or co-signer required.

For students who qualify, monthly payment plans may be extended beyond the end of your student period. Newcomers to Canada can be approved with no Canadian credit history. A credit check is required and some conditions apply.

The Canada Revenue Agency Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RRSP’s to finance your education for you or your spouse (or common law partner). You may withdraw up to $10,000 per year, and up to a total maximum of $20,000. For more information visit the Canada Revenue Agency website.

The Gateway Opportunities Program is a free service that assists individuals with disabilities in seeking and obtaining meaningful employment.

Eligibility:

· A person who self –identifies with having a disability;

· Aged 18+ years and unemployed;

· Legally entitled to work in Canada; Canadian citizens, permanent residents or persons who have been granted refugee status in Canada (with a notice of decision);

· Not eligible for assistance under Employment Insurance (EI) benefits, and has not collected EI in the last 5 years

· Willing to commit to attending pre-employment skills development sessions (group sessions or one-on-one sessions) in the Greater Toronto Area.

· Able to seek fulltime employment

Are you an internationally trained professional looking to advance your career in Canada?

Funded by the Government of Canada, Achēv’s Accelerating Career Advancement program provides financial loans and career counselling to internationally trained individuals who are looking to return to their chosen profession. Receive free ongoing one-on-one financial counselling and job search assistance.

Loan program features:

· Available in Peel Region, Halton Region, Hamilton and Toronto

· Educational loans for up to $15,000

· Low-interest rates (prime + 2%)

· Loan repayment terms from 1-4 years

Career counselling features:

· Developing a career action plan

· Completing the application process for credential evaluation

· Developing your resume, cover letter and interview skills

· Finding employment opportunities

Eligibility:

· Internationally trained individuals in regulated and non-regulated occupations, including trades

· Permanent Resident

· Canadian Citizen or Convention Refugee

· Education and related work experience outside Canada

Financial assistance may be available for out of province students who qualify. For a list of provincial offices, please visit the Government of Canada CanLearn website.

Most major banks and credit unions offer student lines of credit to finance post-secondary education. We can provide you contacts at financial institutions to find out more information.

Students who have been named a beneficiary under a family member’s Registered Education Savings Plan (RESP), may use funds from the RESP to finance their education at PTC. For more information, please contact the financial institution holding the RESP and visit the Government of Canada CanLearn website.

The Ministry of Training, Colleges & Universities administers programs, such as Second Career, to assist individuals who are unemployed or who have qualified for Employment Insurance. Students may qualify for post-secondary education financing through Second Career or other programs managed by MTCU.