Financing Your Education
The National Institute of Esthetics supports government-funded programs, other funding organizations, or in-house financing through monthly tuition payments. We are not OSAP-funded. Tuition fees are tax-deductible.
IN-HOUSE FINANCING | SERVICE CANADA | STUDENT LOANS | LIFELONG LEARNING PLAN | RESPs | SECOND CAREER | STUDENT AWARDS, SCHOLARSHIPS & GRANTS
In-House Financing
National Institute of Esthetics can offer an interest-free, individualized payment plan. Please consult the Admissions Department for more information.
HRSDC/Service Canada Training Subsidy
The Skills Development program provides a negotiated amount of financial support for skills training to Employment Insurance eligible individuals.
For more information www.servicecanada.gc.ca/eng/epb/ebsm/index.shtml
Student Loans and Lines of Credit
Financial institutions offer loans or lines of credit for students enrolled in full-time programs. For more information, visit your financial institution for a list of their financial aid and criteria.
PLEASE NOTE: If your bank representative indicates that National Institute of Esthetics is not on their list of approved institutions, they are looking at the wrong list. It has come to our attention that the CanLearn listing – which deals with OSAP schools only – is being referred to in error. Since we do not accept OSAP, we would not appear on that list. However, as an accredited private career college, we do qualify for non-OSAP student loans and bank funding. Please refer your bank representative to this link to the Service Ontario site to verify N.I.E.'s status as a Private Career College through the Ministry of Training, Colleges and Universities.
The following information was taken from each individual financial institution's website. We cannot guarantee that it is the most recent information they have posted.
Bank of Montreal's Brain Money Program
For more information, visit www4.bmo.com/personal/0,2273,35649_36829,00.htmlRoyal Bank - Royal Line of Credit
Visit www.rbcroyalbank.com/products/personalloans/student_line_of_credit.htmlTD Canada Trust Student Line of Credit
For more information, visit www.tdcanadatrust.com/student/stline.jspScotiabank
Visit www.scotiabank.com/cda/content/0,1608,CID7362_LIDen,00.htmlCIBC
For more information, visit https://www.cibc.com/ca/loans/student-loc.html< BACK TO TOP>
Lifelong Learning Plan
The Lifelong Learning Plan (LLP) allows you to withdraw amounts from RRSPs to finance training or education for you or your spouse or common-law partner.
For more information, visit www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html
or www.servicecanada.gc.ca/eng/goc/llp.shtml
RESPs
If you currently own RESPs, you can utilize these funds to finance your education at National Institute of Esthetics. Please speak to your bank about accessing the funds. If you have any questions concerning eligibility or otherwise, contact HRSDC at 1-866-517-5650
Second Career - Laid Off? Looking for a new career?
You may be eligible for funding for your esthetics education at National Institute of Esthetics, through the Ontario government's Second Career program:
• Train for a new career
• Find out what is needed in the job market
• Learn about careers that build on your skills
• Get financial support
If you are an unemployed worker who has been laid-off and you are interested in training for your next career, you may be eligible for government funding for your esthetics education. The Second Career initiative helps unemployed workers who commit to a long-term training plan make the transition to new careers in growing areas of the economy. www.tcu.gov.on.ca/eng/secondcareer/
Student Awards, Scholarships and Grants
There are many awards, scholarships and grants available - visit this website to see if you qualify:
http://www.studentawards.com/canlearn/
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