Financial Aid Options
Funding Programs Can Help to Make Your Education Goals a Reality
Finances should not be a barrier to you accessing post-secondary education. If you lack the financial means to attend school, financial aid can make your career training – the path to an improved life – possible. That’s why we offer a range of financial assistance programs.
Think of education as an investment. Devoting your time and resources to studying now will yield long term gains in the future. Getting a diploma can make the difference between you staying stuck in your current situation or becoming a full-fledged professional, improving the lives of you and your family.
Reach out to us today. Our financial aid advisors will tell you about your financial options and support you each step of the way so you can reach your goals.
Financial Aid Options
At Oxford College, our financial aid department is available to explain all your payment options and help you select a payment plan that’s right for you. We have a range of assistance programs to help you fund your college education.
We are here to answer your questions, guide you through the application process, provide information about assistance programs, and address any concerns about financing your education.
Don’t hesitate to get in touch with us if you have any questions.
Ontario Student Assistance Program (OSAP)
OSAP may be available to those that qualify. For more information, feel free to book an appointment to meet with one of the Financial Aid Officers at Oxford College and/or visit the OSAP website at https://osap.gov.on.ca
Better Jobs Ontario
Better Jobs Ontario is a grant provided by the government that may cover tuition, transportation, books, childcare, and more. It is provided based on need, and applicants may need to contribute to the cost of training. Better Jobs Ontario aims to help you rejoin the workforce quickly. That’s why the program focuses on training programs that take 52 weeks or less to complete, including micro-credential programs. More information is available here.
Second Career is a government program designed to help people who have been laid off within the last 12 months and are currently unemployed. The program helps unemployed workers who commit to a long-term training plan make the transition to new careers in growing areas of the economy.
Second Career can help applicants with the costs of tuition, books, living expenses, and other costs associated with the training to build skills for a new career. More information can be found on the Second Career website.
If you are interested in receiving financial assistance that you do not need to repay in the future, check out our scholarship opportunities available to students who qualify. For additional information and to see if you qualify, check out our Scholarships page.
Flexible Monthly Payment Plans
Oxford College can provide students who qualify with monthly interest-free payments while attending school. This plan meets individual financial needs and gives students more flexibility in funding their education.
Registered Education Savings Plan
Students under their family’s Registered Education Savings Plan (RESP) may use these funds to pay for their post-secondary education at Oxford College. All of our programs qualify for all RESP grants and contribution. More information is available here.
Lifelong Learning Plan
The Lifelong Learning Plan allows you to withdraw money from your registered retirement savings plan (RRSP) to pay for training or education. This money could also help pay for training or education for your spouse or common-law partner.
You and your spouse or common-law partner can each withdraw up to $10,000 in a calendar year from your RRSPs, for a $20,000 maximum withdrawal. More information is available here.
Student Loans Through the Bank
You can use any bank to apply for a student line of credit. We have made arrangements with Royal Bank to offer tuition funding for students registered at Oxford College. The Royal Bank offers the RBC Student Line of Credit.
While in school, students are obligated to pay only the interest portion of any outstanding balance. Upon achieving employment, regular interest and principal payments would commence. Our financial aid office can provide more information and contact details for RBC.
Oxford College works with third-party lenders so that you have additional financial aid options to choose from.
Windmill Microlending /Le Moulin Microcrédits works to reduce poverty, inequity and labour shortages by offering affordable loans to empower skilled immigrants and refugees to restart their careers in Canada. Our vision is to ensure skilled newcomers are equitably integrated into the workforce while contributing their expertise to Canada’s economic and social success. We are the country’s only national charity providing financial support to new Canadians to achieve their accreditation, licensing and professional development goals. Funded by both the public and private sectors, Windmill/Le Moulin converts newcomer potential to prosperity. Learn more at www.windmillmicrolending.
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