Financial Assistance

Ashton College is a post-secondary institution dedicated to providing you with the certifications, licensing, and continuing education required in the workplace. In pursuit of making quality education available to all, we honour various education loans, grants, and other financial options to assist you with funding your education.

Government loans and grants are available for full-time and part-time online programs that fall within their criteria and conditions. Private financial institutions such as banks provide financial assistance services specifically catered towards students.

Please use the drop-down options below to explore the financing options for all our programs.

Full-Time Online Programs

Full-time online students at Ashton College may apply for provincially and federally funded student loans and grants through their provincial student financial assistance office. A single application is enough to assess you for both sources of funding.

For current information regarding Canada Student Loans, please visit: 

https://www.canada.ca/en/services/benefits/education/student-aid/grants-loans.html

Part-Time Online Programs

For current information regarding Canada Student Loans, please visit: 

https://www.canada.ca/en/services/benefits/education/student-aid/grants-loans.html

Private Sources of Funding

If student loans and government grants are insufficient to cover the costs of your education, there are many supplementary private sources of funding you may pursue. All the following options are reliable, trustworthy, and frequently used by Canadian college students.

Bank Student Lines of Credit

Most of the major Canadian banks offer student lines of credit. Please find links to the most up to date information under the tabs for each bank.

Vancity Back to Work Microloan

The Vancity Credit Union provides term loans of up to $7,500 at a variable interest rate to cover the cost of taking courses to meet local standards or qualifications so you can work in your field. The Back to Work loans primarily support recent immigrants. To apply, you must prove you have previous experience in your field, whether in Canada or in another country, and plan to acquire Canadian certifications. Your assessed need will be based on your business, school or tool expenses and your savings and income. The loans are not intended to cover your living expenses. The application process is simple and quick.

Windmill Microlending

Windmill microlending logoWindmill Microlending is a registered charity serving newcomers since 2005. Windmill Microlending provides microloans of up to $15,000 for skilled immigrants and refugees to pay for their Canadian licensing or training needed to restart or advance a career in Canada. Their loans can cover tuition, books, materials such as software or laptops, child or caregiving costs during the study period, and other expenses related to advancing their career. To find out if you are eligible for a Windmill loan please visit: https://windmillmicrolending.org/applicants/apply-now/

RRSP, RESP, TFSA

If you or your parents have set up an RRSP, RESP, and/or TFSA in the past, you may withdraw from these investment options to help finance your education. For your RESP, you may withdraw from the principal or from the collected interest, referred to as Education Assistance Payments. For your RRSP, you may deregister from your RRSP, which is taxed at your marginal income tax rate, or make a Lifelong Learning Plan withdrawal. Make sure to speak to your financial adviser before pursuing these options.

Need Help?

Our Admissions Office can help with your available options for financial assistance, including provincial and federal student loans, as well as private funding through banking institutions. Ashton College Admissions Officers have in-depth knowledge of various financial assistance options for Ashton students, and they are happy to walk you through the application process.

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