At Willis College we are aware that part of the process of receiving a quality education and skills training is finding the funding that is most suited to your current financial needs. A post-secondary education is a serious investment, but there are many payment options available to Willis College students (outlined below). To learn more about these options, and to create your personal payment plan, speak to a Willis College Financial Aid Administrator today.
Ontario Student Assistance Program (OSAP)
OSAP financial assistance may be available for those who qualify.
Out of Province Students (Government Student Loan)
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 at: http://www.canlearn.ca/eng/common/help/contact/provincial.shtml
Employment Ontario – Second Career Funded Program
The Second Career program is a funded Employment Ontario (EO) government program that helps you start a second career. The program can provide financial support to help laid-off Ontarian’s participate in training. Most of Willis College’s Diploma programs meet Second Career requirements. Contact us today to learn how we can guide you through the process.
Employment Insurance (EI)
EI candidates could qualify for funding for upgrading your skills or starting a new career. Most of Willis College’s Diploma programs meet EI requirements. Contact us today to learn how we can guide you through the process.
Veterans released from the regular or reserve Canadian Armed Forces, Royal Canadian Mounted Police, and Provincial Police Forces are eligible for financial assistance through SISIP and VAC. Information can be found bellow:
Service Income Security Insurance Plan ( SISIP Financial)
Providing financial services and products to serving and released members of the Canadian Armed Forces.
Veterans Affairs Canada (VAC)
Employer, WSIB, Insurance Providers, Indian Band Funding
You can be sponsored through a funder who could finance your programs costs, living and travelling expenses. Please check with your funder. Most of Willis College’s Diploma programs meet most funders’ requirements. Contact us today to learn how we can guide you through the process.
Monthly Payment Plan
Program costs can be divided into monthly instalments throughout the length of your program. We request the first and last month payments on the first day of class. Payments are interest free during your study period and made into easy monthly payments. All Willis College diploma programs are eligible.
Student Lines of Credit
Student lines of credit are available through most major banks and credit unions to finance post-secondary education. More information can be obtained at your financial institution of choice.
Lifelong Learning Plan
The Canada Revenue Agency Lifelong Learning Plan (LLP) allows you to withdraw up to $10,000 per year, and up to a total maximum of $20,000 from your RRSP’s to finance your education for you or your spouse (or common law partner). For more information visit the Canada Revenue Agency website at: www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html
Registered Education Savings Plans
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 Willis College. For more information, please contact the financial institution holding the RESP and visit the Government of Canada CanLearn website at: www.canlearn.ca/eng/savings/resp.shtml
Do you have a Financial Question?
We suggest you contact us to find out how we can assist you in finding the very best way to help you make your higher education goals a reality. Contact us at Ottawa, Smiths Falls or Arnprior OR fill out our online Request Information form at the top of the page.