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Financial Services
When it comes to your future, we know the importance of choosing the best financial option for you. At Eastern College, our Financial Services team will provide you with the information you need about funding options that may be available to you.
The Services You Can Take Advantage Of
There are multiple financial aid options available to help you pursue an education. Explore the various funding plans and see which one fits your needs best.
Your Funding Options
Student Loan
Financing your education with a Federal and Provincial student loan may be an option for you. The federal government and provincial governments work together to provide student financial assistance. Information on loans, grants and bursaries is available through the following links:
National Student Loan Service Centre
Toll free: 1-888-815-4514
Website: www.canlearn.ca
Nova Scotia Student Assistance
Toll free: 1-800-565-8420
Phone: 902-424-8420
Website: www.studentloans.ednet.ns.ca
New Brunswick Student Financial Services
Toll free: 1-800-667-5626
Website: www.studentaid.gnb.ca
New Brunswick – Training Skills and Development
Training and Skills Development (TSD) selectively provides grants to people who meet the program criteria. The focus of the program is to help clients receive training or educational programs which will allow them to return quickly to work.
Employment Nova Scotia – Skills Development
Skills Development is an employment program of Employment Nova Scotia that provides financial assistance to eligible individuals to help them obtain the skills training they need to obtain employment.
To learn more about Skills Development in Nova Scotia, visit their website.
Canadian Forces Personnel Assistance
If you are affiliated with the Canadian Forces, there may be programs available to aid in financing your education. For more information, visit the Canadian Forces Personnel Assistance Fund website.
Eastern College Bursaries
You may be eligible for one of the many bursaries offered by Eastern College. Please contact an Education Consultant for more information.
Windmill Microlending
This partnership with a registered charity enables skilled immigrants and refugees to apply for a microloan of up to $15,000 to obtain the Canadian licensing or training required to continue their careers in Canada. Empowering newcomers to achieve economic prosperity, microloans can help internationally-trained immigrants afford the education or training they need to have a better chance at career success. For more information, click here.
Monthly Payment Plan
A monthly payment plan can be arranged to suit your needs. Tuition and material costs are divided into monthly payments throughout your program. The first payment is due on the first day of classes, and the final payment is due approximately one month prior to completion of your studies.
Payments are interest free while you are an active student. All students are automatically eligible for monthly payment plans with no credit check or co-signer required.
Student Line Of Credit
Most major banks and credit unions offer student lines of credit to finance post-secondary education. Our Financial Aid Officers can provide you with contacts at financial institutions to find out more information.
Lifelong Learning Plan
The Canada Revenue Agency Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RRSPs to finance your education for you or your spouse (or common law partner). You may withdraw up to $10,000 per year, and up to a total maximum of $20,000.
For more information visit the Canada Revenue Agency website at: www.cra-arc.gc.ca
Registered Education Savings Plan
Students who have been named a beneficiary under a family member’s Registered Education Savings Plan (RESP), may use funds from the RESP to finance their education at Eastern College.
For more information, please contact the financial institution holding the RESP and visit the Government of Canada CanLearn website at: http://www.canlearn.ca
Employer and Union-Sponsored Education Programs
Some employers and unions provide education assistance and tuition reimbursement programs for employees and children of employees. Check with your employer, or your parent’s employer(s), to see if they offer any education assistance or tuition reimbursement programs that you may qualify for.
HigherEd Points
Eastern College accepts some Loyalty Reward points, as payment of tuition and fees. For more information, visit http://www.higheredpoints.com
Out Of Province Students
Financial assistance may be available for out of province students who qualify. For a list of provincial offices, please visit the Government of Canada CanLearn website at: http://www.canlearn.ca.
Eastern College accepts the following methods of payment:
- PRE-AUTHORIZED BANK WITHDRAWALS (FOR MONTHLY PAYMENT PLANS)
- PRE-AUTHORIZED CREDIT CARD PAYMENTS (FOR MONTHLY PAYMENT PLANS)
- CREDIT CARDS: VISA OR MASTERCARD
- DEBIT CARDS (INTERACT DIRECT PAYMENT)
- SECURE ONLINE CREDIT AND DEBIT PAYMENTS THROUGH THE EASTERN COLLEGE STUDENT WEB PORTAL
- CHEQUES, MONEY ORDERS AND CASH
To learn more about any of the many financing options available, please contact us to speak to an Eastern College Financial Aid Officer.
Career Quiz
Take this quiz to learn more about where your interests can take you! The quiz gives you suggestions on what fields you may want to consider based on your responses. Give it a try!
