Financial assistance is available for Full-time students (those taking 60% or more of a full course load), who are Canadian citizens or landed immigrants, through the Canadian and provincial government student loan programs. Eligibility is determined by those agencies, which are independent of the Centre for Arts and Technology. Applications may be obtained from Student Aid Offices or at the Centre for Arts and Technology.
In addition to student loans, there are a number of ways students may finance their education, such as the
Bank of Montreal`s Brain Money Program, through which students are eligible for credit. Some students are sponsored by the TSD or WHSCC. Contact your TSD or WHSCC office (or legal representation) directly as requirements for sponsorship may vary. Once you have applied to TSD or WHSCC, we will provide any additional information required.
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Canadian and provincial government student loan programs. Students must apply for loans through the province in which they have established residency. Residents of New Brunswick can apply for loans through New Brunswick Student Financial Services. This combines the Federal Canada Student Loan Program and the Canada Study Grant for Students with Dependent Children with the Provincial NB Student Loan Program. Eligibility is determined by those agencies, which are independent of CAT. Students can now apply for Student Loans online at www.studentaid.gnb.ca Student loans must be repaid at interest rates established by the government through the National Students Loan Service Centre, starting six months after the borrower ceases to be a full-time student. However, the government pays interest to the bank on the students behalf while they are engaged in full-time study. Students who are actively seeking work but are unemployed at the end of the six-month grace period may apply for Interest Relief on their Canada and NB Student Loans through their lending institutions. Application forms are available from Administration and most post-secondary institutions throughout Canada.
You can also contact Human Resources Development Canada through their website at
www.canlearn.ca
(The Centre for Arts and Technology cannot guarantee and is not responsible for the validity of information contained on external websites.)
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TAP bursaries are currently available for dedicated, hard-working, goal oriented grade 12 students desiring to enter into the first available quarter at the Centre for Arts and Technology after their graduation. Only students graduating from a Canadian high school from January to June of their grade 12 year will be eligible. TAP provides grants of up to $2,500 towards a student's first year of full-time study and provides students an opportunity to accelerate graduation and entrance into the work force or exploring personal career potential while saving on tuition.
Students who have been accepted into TAP may experience some overlap between the end of their final exams and the beginning of their first semester at the Centre for Arts and Technology. Any content missed during this time will be made up.
The Application Deadline is April 30 for July enrollment. However, early application is highly recommended as there are a limited number of TAP grants available. TAP grants are applied equally across the first year program and cannot be combined with any other grants or scholarships.
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Financing of up to 50% of tuition may be provided to qualified Centre for Arts and Technology Group of Colleges applicants, subject to credit acceptance, by Travelers Acceptance Corporation Ltd. to a maximum loan of $8,500 CDN. Minimum payments are required during the students enrolment, but the loans are interest free during this period. Students will have the opportunity to build a credit history, and all clients have the option to pre-pay or pay off the loan at any time without penalty. Twenty-four and thirty-six month terms are currently available.
For more information, contact a Centre for Arts and Technology Group of Colleges Financial Services Advisor.
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The LLP allows eligible students to withdraw up to $10,000 per year, tax-free, (up to $20,000 over a four-year period) from their RRSP. Withdrawals are repayable over 10 years. For details about the plan and eligibility requirements, visit the Revenue Canada website at;
www.ccra-adrc.gc.ca
(The Centre for Arts and Technology cannot guarantee and is not responsible for the validity of information contained on external websites.)
read the Lifelong Learning Plan (LLP) Guide, or speak with a Program Advisor.
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To assist with your search for external funding, StudentAwards.com provides a unique service that matches awards with eligible candidates and institutions. Membership is free and you can choose to receive updates of new awards via email. For more information and to register for this service, visit their website at
www.studentawards.com
Scholarships Canada is another comprehensive scholarship portal. The site includes a database of scholarships, student awards, bursaries and grants, as well as information about student loans, applications and budget planning. Visit their website at
www.scholarshipscanada.com. The Canada WorkInfo Net also provides links to financial aid resources and educational funding. Visit their website at
www.workinfonet.ca.
(The Centre for Arts and Technology cannot guarantee and is not responsible for the validity of information contained on external websites.)
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Centre for Arts and Technology provides select entrance scholarships and bursaries for a number of programs. Programs and program availability will vary from school to school.
Tuition Advantage Program*: Grants of up to $2,500 towards a students first year of full-time study.
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Subject to credit approval by the Centre for Arts & Technology Financial Services Department, payment plans are available in some circumstances. For all payment plans 100% of tuition must be paid prior to completion of the program.
For more information,
contact a program advisor
In the Fredericton area call (250) 460-1280
outside of Fredericton call toll free 1-877-369-1888
or via email at
fredericton@digitalartschool.com
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The Bank of Montreal`s Brain Money Program is a suite of products and services designed to meet the financial needs of post-secondary school students. Through the Brain Money Program, students are eligible for a maximum credit line of $15,000 for a one-year program and up to $30,000 if a second year of studies is chosen. Students may also be eligible for a Special Discount Program and a Student MasterCard.
Contact the Bank of Montreal at 1-800-665-9665. Other financial institutions provide similar services.
CIBC
www.cibc.com currently offers the Education Line Personal Line of Credit,
and the Royal Bank
www.royalbank.com offers the Royal Credit Line for students.
(The Centre for Arts and Technology cannot guarantee and is not responsible for the validity of information contained on external websites.)
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