The Canada Student Loans Program is the financial assistance program in the form of loans and grants for eligible full and part-time students in most provinces and territories. The Government of Canada works with most provincial or territorial governments to deliver federal and provincial student loans and grants. Please note that students must apply for a provincial or territorial student loan through their province of residence and must meet all eligibility and residency requirements. Students are advised to apply early for government student loans, as it can take up to 12 weeks to process following receipt of the application.
Further information is available through the appropriate Provincial Student Loans Office (listed below) or by contacting the Financial Aid and Awards Advisor in CMCC's Division of Student Services. Additional information can be retrieved from the Canada Student Loans Program website.
Students who enroll at CMCC on a study permit who wish to apply for government financial aid must contact the Financial Aid and Awards Advisor to determine CMCC's eligibility to administer financial aid from their home country.
CMCC is an approved institution under the Province of Ontario's Student Assistance Program (OSAP). This approval is granted annually, and CMCC has held this status continuously since 1988. Financial assistance may be available for those who qualify.
All major financial institutions have professional student loan programs and/or lines of credit available to CMCC students in all years. You need to be aware of the yearly and overall maximums that can impact your long term financial budgets for the four year CMCC program. Please contact your bank for details such as eligibility requirements, interest rates and applications.
CMCC maintains an emergency loan fund for students. The maximum is $500, which must be repaid within 30 days. Students must submit written proof to substantiate the status of the emergency. Emergency loan application forms may be obtained from the Office of Student Services.
The Students' Council maintains an emergency loan fund. The maximum is $500, which must be repaid within sixty days. Students in financial need must submit written proof to substantiate the status of the emergency. Emergency loan application forms may be obtained from the Students’ Council Office.