Financial Aid Options
Anderson College knows first-hand how stressful and frightening it can be to establish a career in a new country or to build a career in a country you’ve spent years in. Whether you’ve selected the program or are just beginning your research of what Anderson College offers for some students, the financial aspect of paying for school can seem daunting.
After being partner to thousands of students as they transitioned from student to success story, we can say with confidence that your career and your future are absolutely worth the investment and you can afford it. We want to make the financial part of this process as easy to navigate as possible, so you can get to start-date and then graduation day. We’ve laid out some of the details that can help you below, or feel free to contact us directly and a member of our team will be happy to help you understand your options.
College Interest-free Financing
Anderson College provides interest-free financing for self-funded students. For more information, please contact us and speak to one of our advisors.
Most Canadian banks and credit unions offer student loans or lines of credit to finance your education. Please visit your bank or select one of the links below for more information.
The Bank Of Montreal
- TD Canada Trust Student Line Of Credit
- Royal Credit Line For Students
- CIBC Line of Credit For Students
- Scotiabank Line of Credit For Students
- For more information on these funding options, please contact us and speak to one of our advisors.
Government Student Loans Ontario Student Assistance Program (OSAP)
Financial assistance may be available to those who qualify.
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.
Lifelong Learning Plan
The Lifelong Learning Plan (LLP) allows you to withdraw from your RRSPs to finance full-time training or education for you or your spouse or common-law partner. For more information, please visit this link.
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 provides direct financial support to individual employers who wish to purchase training for their employees. It’s available to small, medium, and large businesses with a plan to deliver short-term training to existing and new employees, and will:
- Provide up to $10,000 in government support per person for training costs.
- Require employers to contribute one-third of the total costs. There is additional flexibility for small businesses to provide an in-kind contribution towards their share of the costs.
- Require training delivered by an eligible, third-party trainer.
If you’re an employer who needs to provide training for your employees, or an employee who wishes to inform your employer of the job grant and get training while employed, contact us to learn more. Applications are accepted on an ongoing basis and we will be happy to guide you through the process.
PSW Financial Assistance Program
Financial support may be available to new students enrolled in a PSW program at one of the participating Ontario Student Assistance Program (OSAP) approved private career colleges.** Eligible students can receive up to $13,235 to cover the costs of tuition, books and other mandatory fees, as well as a stipend for a clinical work placement. To be eligible for financial support, students must start their PSW training between May 1 and July 31, 2021.
** All aspects of financial assistance for the PSW Challenge Fund are provided by the Government of Ontario, conditions apply