CMCC Academic Calendar 2022-2023 43
Financial Assistance Telephone: 647 417 8257 Fax: 416 646 1114 Email: finaid@cmcc.ca Website: cmcc.ca/admissions/government-financial-aid
Government Student Aid Programs The Canada Student Loans Program is the financial assistance program in the form of loans and grants administered by the federal government and participating provinces and territories to assist eligible students to supplement the cost of postsecondary education. Please note that applicants must apply for a provincial or territorial student loan through their province of residence and must meet all eligibility and residency requirements. Further details are available on provincial student loan websites. Students are advised to apply early for government student loans, as it can take up to 8 weeks to process following receipt of the application. For further information, contact the appropriate Provincial Student Loans Office or the Student Financial Aid and Awards Advisor in CMCC’s Division of Student Services. For your convenience, the addresses and contact numbers for Provincial Student Loan Offices and more information on applications are available on the CMCC website, cmcc.ca/admissions/government-financial-aid, in the financial aid office, or through the Canada Student Financial Assistance Program at canada.ca/en/services/ benefits/education/student-aid/grants-loans.html Students who enrol at CMCC on a study permit who wish to apply for government financial aid must contact the Student Financial Aid and Awards Advisor to determine CMCC’s eligibility to administer financial aid from their home country.
Other sources of financial aid Many major financial institutions have professional student line of credit programs available to CMCC students in all years, however, these line of credit programs have yearly and overall maximums of which students should be aware, as these maximums will impact their long term financial budgets for the four year CMCC program. We encourage all students to contact their bank for detailed information, such as eligibility requirements, interest rates and applications for these programs.
Financial Need Bursary The Financial Need Bursary is available to students who are enrolled full-time, have unique or extenuating circumstances where all avenues of funding have been exhausted, and are struggling financially. To be eligible, the student must be receiving a government student loan and submit a statement describing their personal and/or family situation and how this bursary will benefit them. The number of bursaries and their value will vary each academic year, depending on the number of applications received and funds available. To obtain an application, please contact finaid@cmcc.ca
Emergency Loan Fund An emergency loan fund is maintained by CMCC. The maximum emergency loan available is $500, which must be repaid within 30 days. Students are required to submit written proof to substantiate the status of the emergency. Emergency loan application forms may be obtained in the Student Services office.
