Private Funding Options in Ontario
Loans –
Financial institutions offer personal loans for many reasons, including education. With interest rates being at an all time low, it is frequently cheaper in the long run, to take out a personal loan rather than deal with the hassle of OSAP.
Student lines of credit –
Many financial institutions offer student lines of credit. These programs are designed to give students help to cover the cost of such things as tuition, books and living expenses. Contact your local financial institution for more information.
RESP-
A registered education savings plan (RESP) is a contract between an individual (the subscriber) and a person or organization (the promoter). Under the contract, the subscriber names one or more beneficiaries (the future student(s)) and agrees to make contributions for them, and the promoter agrees to pay educational assistance payments (EAPs) to the beneficiaries. Click here for more information on RESPs.
Windmill
Windmill microlending is Canada’s only national charity providing affordable loans to help skilled immigrants and refugee leverage their talent & contribute to the Canadian workforce. Their work brings together invaluable resources, generous donors and talented newcomers to reduce poverty, inequality, and labour shortages in Canada.
For more information click: Affordable Loans for Skilled Immigrants & Refugees | Windmill Microlending
Gratify
The fastest instalment platform deployed by Canada’s leading education providers.
For more information click: Student Loan information to pay for school
