Financial Planning

Investing in your post-secondary education is one of the most important decisions you can make.  Explore all financial opportunities which offer sources of financing your education.  Planning your future is the key to success.

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Budgeting and Planning

Completing the attached budget form will assist you in determining how much money you will need in order to pay your study period costs.

Options for Financing Your Education

  • RESPs  
    Has your family invested in a Registered Education Savings Plan?
  • Savings
    Have you been able to put some funds aside?  Do you have any investments?
  • RRSPs
    Under the Lifelong Learning Plan (LLP), you may be able to withdraw funds from your Registered Retirement Savings Plan to finance your education.
  • Family
    Are there any family members who may give or lend you some funds for your education?
  • Assets
    Do you own any assets such as a valuable car or property which you can sell to help pay for your education?
  • Work
    Not only can you save from your summer job earnings, but you might be able to work part-time while you are attending school.
  • Co-op
    Does your program of study offer a co-op option?
  • Scholarships, Bursaries and Grants
    Non-repayable “gifts” available through the College, as well as through external sources.
  • Lines of Credit  
    Student lines of credit or loans are available through many banks and credit unions (you will pay interest while you are studying).   Contact your financial institution to determine if you can borrow against your RRSP and/or if you qualify for a student line of credit. Visit the following Web-sites for more information.

Web Name Web Site
Bank of Montreal
The Student Centre 		www.bmo.com/BrainMoney
Canadian Bankers Association www.cba.ca
CIBC http://www.cibc.com/ca/student-life/index.html
Royal Bank
Student Banking 		http://www.rbcroyalbank.com/collegecentral/
Scotia Bank www.scotiabank.ca
Toronto Dominion Canada Trust
Student Services 		www.tdcanadatrust.com/student
  • Government Loans
    Full-time students are eligible to apply for student loans through the StudentAid BC.  You can apply on-line at www.studentaidbc.ca .  Part-time students may also be eligible to apply for assistance from the federal government.

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Emergency Aid

Students who find themselves in an unforeseen emergency situation for reasons beyond their control and have exhausted all other potential sources of aid may be eligible for some emergency assistance.  An interview with a Financial Aid Officer is required.