Some students may already be named under a family plan for Registered Education Savings Plans (RESP). You may be able to use this plan to finance your welding course. Check with your family and find out more about RESPs here.
There are a variety of financial aid options for full-time students. Funding for your education and living expenses may be available for individuals wishing to attend York Industrial Trades Academy.
YITA participates in the Second Career skills-training and financial support program offered by the Ontario government. Find out more here.
Life Long Learning
The Federal government also offers assistance for education funding through the Canada Revenue Agency Lifelong Learning Plan (LLP). This program allows you to withdraw amounts from your RRSPs to finance your education for you or your spouse (or common law partner). You may withdraw up to $10,000 per year, and up to a total maximum of $20,000.
For more information visit the Canada Revenue Agency website to find out about funding your Toronto school welding course.
Registered Education Savings Plans
Monthly Payment Plan
you may qualify to pay tuition and other costs over the length of your welding course. These smaller monthly payments throughout your program can be arranged through a finance consultant. Payments are interest-free during your study period.
Please feel free to call and learn about payment options that may be available to you. Confidentiality is maintained for all of our students. Please fill out our online form here or speak with our Finance Office today at 905-761-9811 ext. 299 to schedule an appointment.
APPOINTMENTS ARE AVAILABLE:
Monday – Friday: 8:30 a.m. to 5:00 p.m.
Line of Credit
You may also want to consider a student line of credit. This is a line of credit from a bank that helps you pay for your education. While you are in school, you can borrow money from the line of credit to cover your expenses, and usually pay only monthly interest on the balance.
Once you finish your course, you will start to make payments that include interest as well as part of the principal. Sometimes students are allowed a grace period before making these payments.
Get some advice from your financial institution or contact us to help in making your decision. For a general overview of what student lines of credit the banks offer check these links: