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Decided on an Accounting Program? Our College Will Help You Find The Right Financial Aid Options

Posted on January 4th, 2019 - Written by: Canadian Business College

payroll administrator careers

Canadian Business College’s Accounting & Payroll Administrator Program can prepare you with all the skills and knowledge you need to begin a long and rewarding career as a bookkeeper, accounting clerk or payroll administrator. You’ll develop a strong foundation in the principles of accounting and accounting software like Sage Simply Accounting and Sage 300 ERP, as well as learn how to track financial records, handle payroll and billing functions and perform a wide range of other accounting and payroll responsibilities. It’s a perfect program for anyone with a strong attention to detail and an interest in business looking to set off on a new career path with lots of opportunities.

If it’s the right program for you, you might be wondering how you can finance your training in order to move on to this next step in your career. Fortunately, there are many financial aid options available for those looking to get back to school in Ontario and Canadian Business College can assist students in finding the one that works best for them.

Here’s a quick overview of some of the options available for prospective students looking to finance an accounting and payroll program in Ontario.

Pay Tuition in Monthly Installments with the Interest-Free Payment Plan

One option that might be well-suited to students who still expect to have a regular income while completing their studies is Canadian Business College’s interest-free payment plan. Students have the option of paying their tuition for diploma programs in monthly installments, with no interest for the duration of their program.

The Lifelong Learning Plan is a Great Option for RRSP Holders

For those with a registered retirement savings plan (RRSP), the Lifelong Learning Plan (LLP) is a great option for financing your own education or that of a partner.

The LLP is a Government of Canada initiative that allows you to withdraw amounts from your RRSP to finance full-time training or education for either yourself, or your spouse or common-law partner. You might be eligible for the LLP if you own an RRSP, are a Canadian resident, and are not currently in a repayment period for a previous withdrawal from your RRSP.

The Lifelong Learning Plan is a great option for those with RRSPs

The Lifelong Learning Plan is a great option for those with RRSPs

OSAP Offers Grants and Loans to Help Finance Your Accounting Program

The Ontario Student Assistance Program (OSAP) is a financial aid program that offers both grants and loans to help residents of Ontario (including Canadian citizens, permanent residents and protected persons) pay for college or university, including those training for payroll administrator careers.

The amount that a student can get depends on their education expenses, their course load, and their personal financial situation, and can help pay for tuition, books and supplies, student fees, living expenses, and even child care, for students with children.

Second Career Helps Laid Off Workers Train for Work in a New Field

If you’ve been laid off and haven’t been able to find work, or if you’ve been laid off and are working a temporary job to cover costs, you might be eligible to receive funding for an accounting program through Second Career. This program is designed to help those who have been laid off gain the skills needed to set off on a new career. With Second Career, you can apply for up to $28,000 in funding to help pay for tuition, books, transportation and living costs.

Second Career can help workers who have been laid off retrain for a career in payroll and accounting

Second Career can help workers who have been laid off retrain for a career in payroll and accounting

Are you interested in accounting and payroll administration courses?

Contact Canadian Business College for more information about the financial aid options available for students.

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