Your pursuit of higher education is one of the most important investments you’ll make. The first step for financing your education starts with self-reliance – exploring personal and family resources for funding your dreams. After you’ve identified your personal resources, the next step is to investigate financial aid opportunities, as well as other financial assistance programs that can supplement your financing.
At Bryan College, we can help you take full advantage of all financing that’s available to you. Since every student’s financial situation is unique, we will assign you an individual Financial Aid Officer to assist you in determining your financing options and to help you finalize an affordable financial plan that works for you. The investment starts now, and the rewards last a lifetime.
There are a number of financial options that may be available to students. These include, but are not limited to the following:
- Ontario Student Assistance Program (OSAP)
- Government Assistance for Non-Residents of Ontario
- Student Loans and Lines of Credit
- Life-Long Learning Program (LLLP)
- Workplace Safety and Insurance Board of Ontario (WSIB)
Ontario Student Assistance Program (OSAP)
OSAP may be available for those who qualify. Students may be eligible for assistance under one or more of the following components of the Ontario Student Assistance Program: the Canada Student Loans Program and the Ontario Student Loans Program. If you are planning to apply for OSAP, please complete the Request Information Form and we’ll schedule an appointment for you to speak to one of our Financial Aid Officers (FAOs). In addition, feel free to visit the OSAP website at https://osap.gov.on.ca for further details.
Government Assistance for Non-Residents of Ontario
If you reside in a province or territory outside Ontario, you must apply for government student financial assistance through your home province. The amount and type of such funding varies according to the respective provincial or territorial guidelines. Most provinces now have online applications. The links below will take you directly to provincial or federal student loan web sites:
- Alberta Student Financial Assistance
- British Columbia Student Assistance Program (BCSAP)
- Manitoba Education and Training, Student Financial Assistance
- New Brunswick Student Assistance
- Newfoundland Student Aid
- Nova Scotia Student Assistance Office
- Northwest Territories Student Services
- Prince Edward Island Loans
- Quebec Ministère de l’Education Aide financière aux études
- Saskatchewan Financial Assistance Branch
- Yukon Students’ Financial Assistance
- Canada Student Loans
Workplace Safety and Insurance Board of Ontario (WSIB)
Some individuals may qualify for assistance from the Workers’ Compensation Board (WCB). The WCB may help with rehabilitation, retraining and educational upgrading.
Life-Long Learning Program (LLLP)
The LLLP allows eligible students to withdraw up to $10,000 per year, tax-free (up to $20,000 over a four-year period) from their RRSP. Withdrawals are repayable over a 10-year period.
Student Loans and Lines of Credit
Several lending institutions (banks/credit unions) have developed loan programs specifically for students. In some cases, it may be a loan or it may be a line of credit. The amount you can borrow varies from bank to bank and the interest rate is normally quite favourable.
External Scholarships and Funding
Each year millions of dollars in scholarships, bursaries and grants are awarded by groups, organizations, companies, and foundations with the goal of helping students pay for their education. For a current list of scholarships, please speak with a Bryan College admissions advisor.
For more information on which financial options would best suit your needs, please contact the Bryan College Admissions Department by completing the Request Information Form or contact us directly at 1-888-641-6300.