ABM College understands that a little financial aid can go a long way for students who are looking to invest in a quality education that will lead to a more successful career. If you require assistance funding your education, we want to help you decide which funding option is right for you. This could be a private loan, such as from a banking institution, or government student loans. We also offer scholarships, awards, financial aid and payment plans to our students. Do not let a lack of funding hold you back from pursuing your academic and life goals.
ABM College is pleased to offer a $500 Scholarship* for the first 50 eligible Women to enroll in one of our online diploma programs*. Apply before April 30th, 2024 for an extra boost towards the dream career you deserve! Reach out to one of our helpful advisors today and mention promo code “WOMEN2024” for all the details.
Offer valid from Now until April 30th, 2024 only. The $500 scholarship* will be applied as a discount on tuition fees. Scholarship application expires May 31st, 2024.
*$500 would be added to the completion award upon graduation. For the first 50 women who sign up for an eligible online program only!*Mention “WOMEN2024”.
Our financial aid team is here to help you through every step of the financial assistance process. You might be eligible for funding you never knew existed!
ABM College’s financial advisors are up-to-date on the latest program scholarships and other financial awards available for our students. They will help determine your eligibility, assist you with your applications, and work with you to help secure funds before starting your program.
The Governments of Canada, Alberta and Ontario provide loans to qualifying students. Although the type and amount of assistance usually varies based on individual circumstances, government student loans make sure every qualified student receives financial aid for his/her education.
Student Lines of Credit are available to full-time and part-time students who require assistance financing their studies. This is different from traditional loans, as they allow you to borrow money as per your need with interest being charged only on the amount used. Most major banking institutions offer student lines of credit. Eligibility criteria (e.g. credit rating, net worth etc.), the amount loaned, and the interest rate will vary from institution to institution. Contact your preferred banking or credit union institution for more details.
Congratulations on your graduation! As you embark on this new chapter of your life, we know your first priority is to land a great job in your field. Another important thing that you need to keep in mind though is the repayment of your student loans.
Most student loans consist of Federal and Provincial portions, and it is important to understand both. The guide below will help you navigate this process effectively and painlessly.
National Student Loans Service Centre (NSLSC)
Provincial student loans for British Columbia, Saskatchewan, Manitoba, Ontario, Newfoundland and Labrador, New Brunswick, and the Yukon repay through the combined management of the National Student Loan Service Centre (NSLSC).
Provincial student loans for Alberta, Nova Scotia, and Prince Edward Island repay the two loans separately. The Federal loan is paid through the NSLSC. The Provincial loan is paid through your province.
Provincial student loans for Quebec, Northwest Territories, and Nunavut are paid directly to your province or territory.
Following graduation, the government provides a grace period with no interest to help you find and establish yourself in a new job. The first repayment installment is due within six months for the Federal portion and within twelve months for the Provincial portion.
Payments can be made in advance to reduce the principal which results in less interest once payments are due.
Like any loan, failure to make timely repayments may result in penalties, additional fees, or adverse effects on your credit score. It may also result in the loss of future student aid or grant assistance, as well as income tax refunds and GST rebates.
It is important to fulfill your repayment obligations and promptly inform the loan servicer of any changes to your contact information or financial situation.
If you are struggling to make your payments, you can apply for repayment assistance from the government through Student Aid.
For any other questions or concerns regarding your Student Loans, you can contact ABM College’s Student Services department and we will be happy to assist you.
Have student financial aid questions? Questions on how to get your money? Repaying your loans?
Check out these helpful resources for all the information you need.
Further information regarding financial assistance is available from the financial aid officers at your ABM College campus.