Fortunately, for the convenience of our students, our programs are eligible for the following financial options: Interest-Free Payment Plans; Crelogix–Extended Monthly Financial Solutions; Bank Lines of Credit; Lifelong Learning Plans; Registered Education Savings Plans; Employment Ontario (Second Career, Skills Development).
A concise description of these options is outlined here:
Interest-Free Payment Plan
The total cost of the course (including tuition, books, and materials) is spread into monthly payments. An initial deposit of 25% is due before the program of study starts and the balance is divided into equal monthly installments during the length of the course. The final installment is due one month prior to completion of the program.
All applicants qualify for this financial alternative, which offers the following advantages:
- Acceptance allows immediate enrollment
- No cosigner required
- No credit check needed
Crelogix Tuition Finance – Extended Monthly Payment Plan
Students who need to extend their monthly payment plans beyond the completion of their program can opt for this valuable alternative. A credit check is required and in some cases, a co-signer may be needed.
Some of the benefits of this alternative are:
- Fast approvals
- 100% acceptance allowing for immediate enrolment
- Affordable interest rates
- Simple application process
- No penalties for early payouts
- Flexible and affordable payment terms from 12 to 60 months
Please call one of our Financial Aid Officers to talk about all the applicable conditions.
Student Line of Credit
Most banks and Credit Unions in Ontario offer customized Student Lines of Credit so you can get the help you need to cover the cost of tuition, books, materials, and even living expenses. A Bank Line of Credit can give you access to the money you need when you need it. Full or part-time students officially enrolled in the college can apply for this option.
Regularly these financial products include:
- A competitive interest rate, equal to Prime plus a variance rate
- The possibility to withdraw any amount (up to your approved credit limit)
- Interest-only monthly payments until you finish school
- Low monthly payments with up to 20 years to repay
Please contact your financial institution for more details.
Lifelong Learning Plan (LLP)
Delivered by Canada Revenue Agency (CRA), the Lifelong Learning Plan (LLP) allows individuals to withdraw funds from their Registered Retirement Savings Plan (RRSP) to finance training or education for themselves or their spouse or common-law partner.
You can make withdrawals from more than one RRSP as long as you are plan owner of each RRSP. Your RRSP issuer will not withhold tax on these amounts and there is an annual limit of $10,000.
Detailed information can be found visiting the CRA website at www.cra-arc.gc.ca
Registered Education Savings Plans (RESP)
A Registered Education Savings Plan (RESP) is a contract between an individual who is the subscriber, and a person or organization, who is the promoter. The subscriber makes contributions to the RESP, which earns income. The subscriber names one or more beneficiaries and agrees to make contributions for them. Students who have been accepted to a program at A1-GLOBAL COLLEGE and are named beneficiaries under a family Registered Education Savings Plan, may use the funds from the RESP to finance their education.
Employment Ontario, Second Career Training and Skills Development are programs designed and managed by the Ontario Ministry of Training, Colleges, and Universities (MTCU) to assist individuals who are unemployed and in need of education or training. A1-GLOBAL COLLEGE accepts funding coming from these options, for which, you may very well qualify.
For more information please contact one of our Admissions Specialists: CLICK HERE TO CONTACT US
You can also visit www.edu.gov.on.ca or call 1-800-387-5656.
ACCEPTABLE FORMS OF PAYMENT
- Credit card (required for online registration): MasterCard® or VISA®
- Debit card (Interac)
- Money order
- Bank check/draft
- pre-authorized bank withdrawal
- pre-authorized credit card payments
- Personal cheques
- All fees for local students shall be paid in Canadian currency.
- All fees for local students shall be paid in US currency.
- Payments made by check or money order should be made payable to:
DO YOU HAVE A FINANCIAL QUESTION?
Please complete the form and one of our admission specialists will contact you to answer your questions!