Financial Aid

Financing ones’ education has been a great headache for most people who are willing to upgrade their knowledge and skills for the dynamic job market. We at Canadian Institute of Learning understand this problem and we are willing to assist you to achieve your training goal. We offer a wide range of options that might suit your ability to finance your education.

First option:

  • Monthly Payment Plan
    We offer affordable monthly payment plan to give you the ease of paying for your education.
We also have other links to resources that can help you find the suitable payment option for your educational needs.
  • Lifelong Savings Loan
    The Lifelong Learning Plan (LLP) allows you to withdraw amounts from your registered retirement savings plan (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

    Please follow the link below for more information.

    http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html

  • RESP
    A Registered Education Savings Plan (RESP) is a special savings account for parents who want to save for their child’s education after high school.

    Please follow the link below for more information

    http://www.canlearn.ca/eng/savings/resp.shtml

  • Second Career

    This program gives a chance for employees who through no fault of theirs have lost their jobs and cannot find work because of lack of skills being sought by employers. The government has a program in place to assist these employees retrain to enter the dynamic job market.

    Please follow the link below for more information

    http://www.tcu.gov.on.ca/eng/

  • OSAP
    Eligible Ontario residents may qualify for financial assistance from the government

    Please follow the link below

    https://osap.gov.on.ca/OSAPPortal

    Student’s lines of credit are also available for students who qualify. Please check with your financial institution regarding this.