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Funding Options

An education in a post-secondary instruction is a big and considerable investment in your future.  Not only does it invoice a significant amount of your time, it requires financial resources.  Students at the EPIC College of Technology have several options when it comes to funding four your education.  Below are some of the options available to you.  Our financial officers can provide you with full details about each option and help you decide which one is right for you.

Interest Free Payment Plans

EPIC College of Technology offers payment plans that are flexible and interest free.  Costs are divided into monthly payments that you make throughout your program.  After an initial deposit, payments are made at the beginning of the program and then on a monthly basis thereafter until program completion.  There is no interest charged on any payments and no credit check or co-signer is required.

Extended Payment Plans

Extended Payment Plans are similar to the Interest Free Payment Plans with the exception that the payment period extends beyond your graduation.  This allows you to spread out the cost of your tuition over a longer period of time.  This program is only available to those who qualify and certain conditions apply.

Student Lines of Credit

Most major banks and financial institutions offer lines of credit for students to help finance their post-secondary education.  You can check with your financial institution to see if you qualify.  Speak to our finance officer for assistance for guidance on how to apply.

Bursary Program

The EPIC College of Technology Bursary Program is for our job-ready diploma programs and is designed to assist those who may require financial assistance by providing up to $1,000 towards tuition.   This program is based on merit and whether you qualify will be determined on your results/grades from prior institutions you have graduated from. To apply you must actively register for a Diploma program (not just a single course) and forward a copy of your transcript(s) from previous institutions you graduated from. This bursary is awarded at the sole discretion of EPIC College of Technology.

Scholarship Program

The Hira and Renu Ahuja Achievement Award Scholarship Program is for our Post-Graduate Engineering Diploma programs and is designed to recognize students who strive to improve their understanding and skills set in the Canadian workplace and enhance their employability.  To qualify, the candidate must achieve a final grade of 80% in any EPIC College of Technology Post Graduate Diploma course. For those that qualify, the scholarship program will award a credit to the candidate to apply towards a future course as part of any EPIC College of Technology Post Graduate Diploma.  To apply you must actively register for a Diploma program (not just a single course).

The recipients Scholarships can mention in their resume having received the award from the Engineering Institute of Canada.

Canada Revenue Agency – Lifelong Learning Plan

The Canada Revenue Agency Lifelong Learning Plan (LLP) allows students to withdraw up to $20,000 (Maximum of $10,000 per year) from your RRSP to finance you or your spouse’s education.  For more information about this program please visit the Canada Revenue Agency’s website at http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html.

Registered Education Savings Plans (RESP)

Students can also apply any funds contained within a family member’s Registered Education Savings Plan (RESP) as long as they are named a beneficiary.  For more information about these program, please contact the financial institution holding the plan.  You can also visit the Government of Canada website at http://www.canlearn.ca/eng/savings/resp.shtml.

Second Career

Second Career is a Ministry of Training, Colleges and Universities program that supports laid-off individuals who require new career training in order to find employment in Ontario. Through Second Career, applicants may obtain financial assistance with tuition, books and supplies, transportation, living, and other expenses.

Who is eligible for Ontario Second Career program? You can apply to Second Career if you:
• are laid off or have been laid off since January 2005
• are unemployed or working an interim job
• are choosing to retrain for a career that is in demand

For more information about this program, speak to our financial officer or visit http://www.tcu.gov.on.ca/eng/secondcareer/