Student Loans

There are a number of options available to you when it comes to financing your education at Centre for Arts and Technology. If you have any questions or would like to discuss any of the options about paying for your education, feel free to contact a Financial Advisor at the school: 1-866-860-2787..

Government Student Loans

Overview: Understanding Government Student Loans in Canada 

The Government of Canada offers Canada Student Loans to post-secondary students who demonstrate financial need in most provinces and territories across Canada who are Canadian citizens or landed immigrants through the Canadian federal and provincial government student loan programs. 

To apply for a student loan, you must send your loan application through your province of residence. The Canada Student Loans Program (CSLP) works in partnership with most provinces and territories to deliver student financial assistance, meaning that approximately 60% of your loan (dispersed twice a year) will come from the Government of Canada, with the remaining provided to you in the form of provincial student loans. 

You may also be eligible for various grants-when you apply for a student loan, you will automatically be assessed for any Canada Student Grants you may be eligible for. 

More Resources:

Provincial Student Loans: British Columbia

Residents of British Columbia apply for loans through Student Aid BC. This combines the Federal Canada Student Loan Program and the Canada Study Grant for Students with Dependent Children with the Provincial BC Student Loan Program. Eligibility is determined by those agencies, which are independent of Centre for Arts and Technology. Applications can be completed online at www.studentaidbc.ca. A Financial Services Representative can assist you with any questions you may have as well as provide you with a paper application if desired. To contact Student Aid BC directly, call 1-800-561-1818 or visit www.studentaidbc.ca

Provincial Student Loans: Additional Provinces

Provincial and Territorial Student Financial Assistance offices (contact information)

For students whose home province is not British Columbia, please refer to the following appropriate website listed below:

Private Student Loans

Bank Line of Credit 

The Bank of Montreal's (www.bmo.ca) Student Line of Credit offers numerous plans to suit the individual. You may borrow up to $15,000 in your first year and up to $10,000 in each remaining year to a 4-year maximum of $45,000.

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 of Credit, and the Royal Bank (www.royalbank.com) offers the Royal Credit Line for Students. Check with your local financial institution to see what may be available.

Crelogix Acceptance Corporation 

Financing between $1,000 - $15,000 may be provided to qualified Centre for Arts and Technology applicants subject to credit acceptance by Crelogix Acceptance Corporation Ltd. to a maximum loan of $15,000 Canadian. Full payments are required during the student's 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 with 24 and 36 month terms currently available.