FINANCIAL AID
Developing work place skills is an investment in your future. There are many payment options to Summit College students. Our admissions team is dedicated in assisting students finance their education. A brief description of financial options are outlined below.
STUDENT LINES OF CREDIT
Major banks and credit unions offer student lines of credit for students wishing to attend post-secondary education but have limited personal funds. Contact your bank to learn more about the programs that they can offer you.
The Canada Revenue Agency Lifelong Learning Plan allows individuals to withdraw various amounts from their RRSP's to finance education for oneself or one's spouse (common law partner). Student's may withdraw up to $10,000 per year and up to a grand total of $20,000. Please visit the Canada Revenue Agency website to learn more: http://www.cra-arc.gc.ca/menu-eng.html
Students who have been named a beneficiary under a family member's Registered Education Savings Plan, may access some of these funds to finance their education at Summit College. Please contact the financial institution holding the RESP and also visit the Government of Canada CanLearn website to learn more: http://www.canlearn.ca/eng/index.shtml
The Ontario Ministry of Training, Colleges and Universities (MTCU) has programs available, such as Second Career, which assist individuals who are unemployed, laid off or who have qualified for Employment Insurance. Students hoping to complete post-secondary education may qualify for financial assistance through Second Career or other programs managed by the MTCU. Please visit http://www.tcu.gov.on.ca/eng/ or call their office at 1-800-387-5514.
MONTHLY PAYMENT PLAN
A monthly payment plan can be arranged through our financial aid department. Tuition and material costs are divided into monthly payments throughout your program. Please contact our financial aid team at 1-877-262-2289.
STUDENT TESTIMONIAL
"My experience at Summit has taught me a lot in life. The support and care of my instructors will be unmatched. They have helped me reach my potential and overcome adversities. My program has also helped me open my eyes... to ideas in the working world. Thank you so much."
- Terry Guth, Graduate of Supply Chain Retail Management at the Kitchener Campus.