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Other Funding Sources
Personal Bank Loans
Many students negotiate a short term personal loan with their bank so they can spread the cost of this program over one or more years. Most banks have loan programs specifically designed for students.
RRSP Life Long Learning Program
The Lifelong Learning Plan (LLP) allows you to withdraw amounts from RRSPs to finance training or education for you or your spouse or common-law partner. You do not have to include eligible withdrawals in your income when you withdraw funds from your RRSP under the LLP; however, you must repay the amounts over a specified period of several years. For more information on the LLP please visit the following government website:
www.cra-arc.gc.ca/tax/individuals/topics/rrsp/withdrawals/llp/menu-e .html
Service Canada Funding
Service Canada funding (www.servicecanada.gc.ca)may be available to applicants in all provinces. If you are interested in HRSDC funding, please contact your local HRSDC office to see if you qualify. Thompson Career College will work with you to provide the information needed to get HRSDC funding approval.
Funding for Displaced Forestry Workers
The Community Development Trust Tuition Assistance program provides up to $5,000 for tuition at any designated public or private post-secondary institution in BC. Information can be found at the following link: www.labour.gov.bc.ca/cdt/tuition
Worker's Compensation
If you are on Worker's Compensation, our programs may be a good option for job retraining. Talk to your WCB counselor and have them contact us.
First Nations Education Funding
Most First Nations have access to funding for the education and advancement of band members. Contact your band council or education coordinator to see if you qualify. |
