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Ready to Train for a New Career? How Our Financial Aid Options Can Turn Your Goals Into Reality

Whenever you know exactly what you want to do for your future career, your next step is receiving the necessary education to make your dreams come to life. Unfortunately, education isn’t necessarily accessible to some people, as it so often requires a significant financial and emotional investment to make it happen. That’s where financial aid comes in—bringing you one step closer to achieving your academic and career goals. 

At Oxford College, we have a variety of financial aid options available for students to choose from, to help them get to where they want to be in their future career despite any financial limitations. Here’s a closer look at some of the financial aid options available for Oxford College students, and who can apply for them.

Second Career and OSAP Are Two Programs Offered By the Provincial Government

Any student who is without a job after having been laid off at any time in the past year can apply for the Second Career program. This program, courtesy of the Ontario government, helps to cover various expenses, such as living costs, books, and tuition. More specifically, this program is for students who are open to completing a long-term plan in order to successfully enter a new line of work after they train for a career they want.

Students needing financial aid can apply for two types of government programs

There’s also the Ontario Student Assistance Program (OSAP), which provides student loans or grants—the latter of which students don’t need to pay back—so long as they are a Canadian citizen, a protected person, or a permanent resident. However, they won’t qualify if they fail a credit check, haven’t reached the academic requirements, already have financial resources available to them, or have defaulted on student loans, to name a few criteria.

Several Other Plans Prospective Career College Students May Consider

Another option is our Lifelong Learning Plan, which allows students to pay for their education and training by taking money out of their RRSPs (up to $10,000 per calendar year, $20,000 maximum). They can also use this money to pay for their spouse’s education. Students can also apply for our Flexible Monthly Payment Plans, where they can pay a monthly fee without interest each month, allowing them greater flexibility. A RESP (Registered Education Savings Plan) used by the student’s family can also allocate these funds toward paying their expenses at Oxford College, in any one of our programs. However, if none of the aforementioned options are realistic for students, they can apply for student loans through their bank.

Depending on the program, students may also apply for scholarships

A Choice of Scholarships Can Help Give Current Students the Assistance They Need

Students who are already completing their programs at our career college and need financial assistance have other options available to them, depending on their program. For example, those training to become a primary care paramedic can apply for the Ian Campbell Memorial Scholarship Award, which awards up to $20,000 annually to a student who has recently graduated from the Primary Care Paramedic program at Oxford. This is awarded to students who exhibit the qualities displayed by the student the award was named after, who tragically died in an accident 15 years ago.

Massage Therapist students from any of our campuses are able to apply to the Future Massage Therapist Scholarship, with $250 awarded to a student from each campus who’s in the middle of their final year. Whatever your financial needs are, our financial aid department will discuss which options best suit you, as well as answer any questions you may have about applying.

Are you ready to begin your career college training?

Contact Oxford College today to find out more!

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