Funding Options

Funding Options

Find out more about Student Funding options and how they work

Willis College recognizes that securing funding is a crucial step to start your education.  Different options exist based on your unique circumstances. To learn more and to create your plan, speak to a Willis College Financial Aid Administrator today. The Financial Aid team knows funding options that may be unknown to you, including:

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 Careers Funded Program

The Second Careers 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 Ontarians 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.

Canadian Veterans

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.

Service Income Security Insurance Plan (SISIP Financial)

www.sisip.com

Providing financial services and products to serving and released members of the Canadian Armed Forces.

Veterans Affairs Canada (VAC)

http://www.veterans.gc.ca/eng/

Employer, WSIB, Insurance Providers, Indian Band Funding

A funder may sponsor your program’s costs, living, and traveling expenses. Please check with your funding provider. Most of Willis College’s Diploma programs meet most funders’ requirements. Contact us today to learn how we can guide you through the process.

Interest-Free Monthly Payment Plan

Make monthly payments throughout the length of your program. We request the first and last month’s fees on the first day of class. Payments are interest-free during your study period and made into monthly payments. All of Willis College diploma programs are eligible.

Student Line of Credit

Student lines of credit are available through most major banks and credit unions to finance post-secondary education. You can find more information at your financial institution.

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? 

Contact us today, and one of our Admissions Consultants will help answer all of your questions.

Take the First Step in Your Career Choose the campus and program you're interested in, and we will send you a copy of our view book.

  • This field is for validation purposes and should be left unchanged.

I agree to receive future communications from Willis College and understand I may opt out at any point in the future.
100% Privacy Guaranteed