Financial Aid & Student LoansInformation and Options
When you commit to investing time and money in your education, we know it can sometimes be challenging to plan and pay for it. Infofit offers many different ways to help you structure your payments, including payment plans. Our Student Advisors can walk you and/or your family through all of your options for financial assistance and payment.
Student Lines of Credit
A student line of credit is a great options for Canadian students with a valid co-signer. A line of credit is different from a loan because you take money out only as you need it and pay interest only on what you withdraw while you are in school.
Many financial institutions also offer lines of credit or personal loans. These student lines of credit often start at a minimum of $4,000. See the below links for more information:
Royal Bank Links:
Student Loans are available to Canadian Citizens and Landed Immigrants/Permanent Residents, enrolled in Infofit’s Personal Training Certification Full Time Diploma Program, if they qualify. To be eligible, you must meet all the Student Loan criteria.
Government Student Loan funding is based on tuition, fees, books, supplies, living expenses, income and available resources and reaches a maximum yearly level.
Our Admissions Advisors are available to help answer your questions and provide information on applying for Student Assistance. You can apply on line on the Student Aid BC website or by calling Canada Student Loans toll-free at 1-800-561-1818.
Lifelong Learning Plan (LLP)
LLP is a program that allows Canadian residents to withdraw funds from their Registered Retirement Savings Plans (RRSPs), without penalty, to fund their education.
To apply, you must have a letter of acceptance to a full-time program from Infofit. The LLP allows you to withdraw up to $10,000 per year (to a maximum of $20,000) for you, or your spouse, without the withdrawal being taxed. You have up to ten years to pay back your withdrawal.
Canada Registered Education Savings Plan (RESP)
An RESP is a, tax-deferred, savings vehicle generally used by parents to save for their children's post-secondary education. As Infofit is a registered institution, RESP's are accepted.