416-750-1950

Financial Aid

Don't let money problems keep you from learning skills for a new career.

Investing in your education is a crucial step toward building valuable skills for a successful career. At the Institute of Technical Trades, our dedicated Financial Aid advisors are here to help you explore and secure funding to make your education more affordable.

Our experienced advisors will walk you through the various financial aid options available to you, including:

Student Payment Plans (Interest-Free)

We offer in-house financing with interest-free, customized student payment plans for qualifying programs and courses. Our goal is to provide an alternative financial plan that helps students achieve their career goals.

For more information, contact an admissions advisor at (416) 750-1950 to discuss your options.

Ontario Student Assistance Program (OSAP)

OSAP is a government program which offers a range of loans, grants, and awards to help students with their educational costs.

Students enrolled in the Welding Techniques, Welder Fitter and Welding Technology programs may be eligible, if qualified, for loans, grants, or awards granted under the Ontario Student Assistance Program (OSAP).

Our team works with each student individually to guide them through the OSAP application process based on their unique financial needs.

If you have any questions about eligibility or how much you could receive, our Financial Aid advisors are here to assist you. 

Learn more about OSAP here

Better Jobs Ontario

Better Jobs Ontario provides financial aid for post-secondary education to individuals facing challenges securing stable employment. Our advisors are available to answer any questions and guide you through the application process.

Learn more about the Better Jobs Ontario here

Registered Educational Savings Plan (RESPs)

The Institute of Technical Trades accepts funding through RESP accounts. For more information about accesssing your RESP for educational funding, please reach out to one of our admissions advisors.

Lifelong Learning Plan (LLP)

The LLP allows Canadians to withdraw money from their RRSPs interest-free to fund education or training for themselves or their spouse/common-law partner. If this is an option you’re considering, our advisors can provide more details.

Learn more about the Lifelong Learning Plan here

Student Lines of Credit

Many banks offer student lines of credit specifically for education-related expenses. Our team can provide general guidance, but we recommend contacting your bank for more information on their offerings:

• BMO

• RBC

• TD

• Scotiabank

Other Funding and Sponsorships

Depending on your circumstances, you may be eligible for financial assistance or sponsorship through government programs, Indigenous support organizations, rehabilitation services, community agencies, and other organizations.

Potential sources of funding may include:

  • Ontario Works – Financial assistance and employment-related supports may be available to eligible participants.

  • Indigenous Support Programs – Funding and training assistance may be available through First Nations, Indigenous Skills and Employment Training (ISET) organizations, and Métis organizations.

  • Canadian Armed Forces & Veterans Services – Education and training support may be available to eligible Canadian Armed Forces members, veterans, and their families.

  • Rehabilitation & Workplace Injury Programs – Individuals participating in approved rehabilitation, return-to-work, or employment retraining programs may be eligible for assistance with vocational training.

  • Non-Profit & Community Organizations – Local employment agencies, community organizations, and other non-profit organizations may offer sponsorship or assistance with training costs.

  • Other Funding Sources – Additional government programs, employment services, and community-based funding opportunities may be available depending on your individual circumstances.

Our team will review your individual situation and help you determine whether you may qualify for any of these, or other, funding and sponsorship opportunities.

HAVE questions or need additional information?

Feel free to contact our Financial Aid advisors, who are ready to support you through the process!

CONTACT US TODAY