Discover Ways to Pay for Your Education
Many students are worried about how they will pay for college. When you enroll at the Institute of Technology Development of Canada, you can rest assured that your tuition will be affordable. We are truly committed to help students in meeting their tuition expenses. Using the information below, you and a Financial Planner can develop a personal financial plan that will assist you with your educational expenses.
Meeting Your Education Costs
The college’s Student Financial Services department makes a positive impact on student’s educational goals. We provide leadership and technical assistance to students and complete an educational budget that is right for you. Our Financial planner prepares a worksheet, which specifies the cost of your program and some possible resources to cover these costs, such as part-time employment, scholarships, family support, student loans and customized payment plans.
This it will be the most important investment in your future. Upon your graduation, these new skills will give you a competitive edge to pursue a rewarding career. There are plenty options and financial resources available for you to complete your educational goals.
Grants and scholarships are the next options when searching for financial aid. However, it is important for you to look at different options and choose the one that fits you best.
In some countries like Canada, student loans are the most common tool people use to pay for their education. Loans allow you to establish valuable bank credit.
Three Steps to Financial Aid Eligibility
- We estimate the cost of your education: We break down your costs. Direct costs include your tuition fees and college supplies. Indirect costs include transportation, food and personal expenses and supplies. Accommodation expenses can be considered direct or indirect, depending on your living arrangements. We consider both direct and indirect costs when establishing an adequate budget while you are enrolled at the college. Standard budget figures are used to estimate indirect costs, based on where you will live and when you attend the college.
- We add up all of your available resources for educational costs. These resources include:
- Grants and loans for which are eligible
- Private loans
- We subtract all of the available resources from the total estimated cost of your education. The difference in direct costs is the amount that can be covered through the student financial planning process.
When to Apply for Financial Aid
As soon as you enroll at college, you should apply for financial aid. To be considered for financial aid, you only have to apply for it. Application forms are available at the school.
If you have questions while you are completing the forms, you can call the college's Student Financial Services Department.
Provincial student aid deadlines vary, therefore it is important to submit the application well in advance of your study start date.
Applying for Financial Aid
Follow these steps:
- Complete and return a school admissions application and student enrollment agreement.
- Upon receipt of your application; and student enrollment agreement we will send you the appropriate financial aid applications, additional forms, instructions on how to complete these forms, and other information.
- Complete the financial aid application forms. If you have any questions about the forms, contact one of our Financial Planners: A Student Financial Planner will work with you and your family to devise a Student Financial Plan to help you cover your educational expenses, based on your financial aid eligibility and your family circumstances. Our Student Financial Plans make a big difference in helping you to complete your education.
- You must re-apply for your financial aid eligibility. Our Student Financial Services Department is available for students and parents. We will help you when you first apply and when you reapply for financial aid.