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Higher Education Finance: More Options Than Just Student Loans

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Education News

Student Loans,Scholarships,Budgeting

Post-secondary students often face financial challenges, including student loans and budgeting. Lorna Leblanc, Director of Financial Administration and Compliance at CTS College, highlights various alternatives available to students beyond OSAP, including self-pay, Better Jobs Ontario, band funding, and RESPs.

For post-secondary students, navigating the financial landscape of higher education can sometimes feel overwhelming.

“We always talk through all of the options first. There’s self-pay, Better Jobs Ontario through EI, band funding, WSIB insurance funding — even RESPs.” "Through no fault of her own, she was out of a job, and in danger of defaulting on OSAP loans, and couldn’t afford to continue with us,” Leblanc said.

While OSAP is a well-known option for students, Leblanc highlighted that CTS works with students receiving funding from various provincial and private sources across Canada. “But guaranteed that there's probably something out there. Ninety-nine per cent of the time there is.”Begin the Process

 

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