Financial Aid

CAM Institute of Design is an accredited education institute and qualifying students are eligible for financial aid, grants, scholarships, loans, etc.

Our team recognizes that it is a significant and expensive decision to pursue a post-secondary educational path. Our Admissions Advisor’s are dedicated to guiding students through tuition payment schedules and possible financial assistance options.

We accept Visa, Mastercard, American Express, and Pay-pal for tuition payments. Payments will be received directly from the Lender if a student is paying via student loan.

Canadian and Provincial Student Loans

Canadian Citizens and Landed Immigrants/Permanent Residents enrolled in a full-time program are available for Canadian and Provincial student loans. Government student loans support is focused on tuition fees, books, materials, living costs, income, and resources available. It reaches a maximum annual amount that varies based on province.

Applications and general information on the Canada Student Loan program is available online or by calling +1 (888) 815-4514.

Canada Student Grant for Full-time Students

This grant is available for full-time students determined to be in financial need and will automatically be assessed with an application for a student loan.

Training Skills and Development (TSD)

Make an appointment with an employment counsellor to determine if you qualify for TSD funding.

Lifelong Learning Plan (LLP)

LLP is a program that helps Canadian citizens to withdraw funds from RRSP to fund education without penalty. You must have a letter of approval from CAM Institute of Design and be accepted for a full-time program to apply. Without being taxed, the LLP allows you to withdraw up to $10,000 a year (to a maximum of $20,000) for you or your partner. There is a period of ten years allowed to pay the withdrawal back.

Canada Registered Education Savings Plan (RESP)

A RESP is a tax-deferred savings plan widely used by parents to save for post-secondary education for their children. Contributions to a RESP for a child beneficiary can qualify for payments to the Canada Education Savings Grant (CESG). Investment income from contributions and CESG payments may grow tax-free until it is distributed and included in the recipient's income and taxed accordingly. In most cases, a student whose gross income results in a minimum tax amount is the beneficiary.

Student Lines of Credit

CIBC and The Royal Bank of Canada (RBC) offer student lines of credit.

Students are also encouraged to investigate banking options available at other financial institutes to find the best option for them. Other financial institutions could include the Toronto Dominion Bank (TD), Bank of Montreal (BMO), Scotiabank, etc.

Please note that the above-mentioned financial options are not affiliated with CAM Institute of Design and are listed for informational purposes only. Please carefully read the full text and the fine print before signing any contract. The terms and conditions levied by third-party services are not CAM Institute of Design's responsibility.