Financing Your Studies
Here Are 5 Ways to Finance Your Studies
Are you looking to pursue post-secondary studies in one of our technical or pre-university programs? Are you thinking about going back to school with the assistance of our Attestation of College Studies? Regardless of what you’d like to do, it’s important to find effective ways to finance your education. This will help you achieve your goals and focus on learning.
On our website, you can consult FAQs dedicated to financing options and financial assistance for current and future students. Below, you will also find 5 ways to finance your studies. It’s up to you to choose the method that best suits your needs! Don’t hesitate to combine several options!
- Use your personal savings and withdraw funds from your RESP
While in high school, many students work summer or part-time jobs to save for college. Many parents also set up an RESP (Registered Education Savings Plan) while their children are young. Now is the time to use those funds! - Apply for government loans and bursaries
Quebec students whose financial resources are insufficient to pursue college or university studies may benefit from this assistance. Your eligibility amount depends on various factors. You’ll find all the necessary details online, including loan repayment information and the application form for loans and bursaries. - Finding loans and scholarships
Certain DEC programs are eligible for scholarships. Furthermore, there are different types of scholarships available at the college and university levels, including Commission of Labor Market Partners’ scholarships. Check with your financial institution to find out which ones you are eligible for. If you’re eligible, it’s a good idea to apply, as you generally do not need to repay these funds at the end of your studies. - Transferring funds from your RRSP to an LLP
With the Lifelong Learning Plan (LLP), you can withdraw money from your Registered Retirement Savings Plan (RRSP) to finance your full-time training or education, or that of your spouse or common-law partner. - Use a student line of credit
To help pay for your post-secondary education, whether it’s tuition, books or day-to-day expenses such as food and transportation, a student line of credit may be an option. This is a type of loan from a financial institution, allowing you to borrow money up to a predetermined limit.
To talk to one of our Student Financial Services Officers, feel free to schedule a videoconference. Our team is available online Monday-Friday, from 8:30 AM to 4:30 PM (EST).
