McKay Career Training Inc. students have access to several types of funding options. Our career counsellor possesses 20 years of experience and knowledge about the procedures and policies of the Canada Student Loan program.
With her expertise and the support of our Student Financial Advisor, the college provides optimum financial guidance to all of our applicants.
The College is a designated educational institution for Canada-Saskatchewan Integrated Student Loans for full-time and part-time Canada Student Loans.
Canada Student Loan financial aid is available to qualified applicants registered in a post-secondary program.
- Applications are always here at the college and our counsellors guide and instruct all of their students about the program and personally will help each and everyone fill out forms
- Loan applicants who qualify may have attainability to a variety of grants for (learning disabilities, mental and/or physical medical conditions.)
- Out-of-province residents are those persons who have not lived in Saskatchewan for a 12-month period. These applicants will be required to apply for the loan program from the last province they resided in for 12 months. McKay Career Training Inc. has access to those loans and our counsellors are also knowledgeable about these programs.
Student Line of Credit is a loan program available at numerous banking institutions: interest rates and grace paying periods after graduation vary. To apply, students must have a letter of acceptance from the college.
Unemployment Insurance Claimants may be considered for funding towards education fees for post-secondary training.
- Skills Training Benefits Program
- Reachback Program
All applicants must arrange to meet with a Career + Employment Consultant in person at the CANADA-SASKATCHEWAN CAREER & EMPLOYMENT SERVICES office nearest to your community. Should you qualify, our career counsellor will be able to help you with the process.
McKay Career Training has partnered with the following agencies giving a broader range of funding choices:
Gabriel Dumont Institute (GDI) offers to persons of Metis decent an opportunity to apply for funding through the GDI office in your area. The offices listed below have Employment Counsellors to assist you with your action plan and career goals.
- North Battleford
- Ile a la Crosse
- Prince Albert
- Meadow Lake
- La Loche
Saskatoon Tribal Council Urban & First Nations Agencies have granted financial support to their clients to become students here. All applicants must receive guidance from the post-secondary coordinators of each specific band. Applying early in the calendar year is essential.
- Registered Education Savings Plans & a variety of “scholarship trust funds” can be released for use towards your children’s education with our college.
- Parental Funded payment plans may be arranged for your adult children with our Student Finance Advisor.
More Options for Adult Learners
Saskatchewan Workers’ Compensation – Claimants who may have to retrain because of their injuries have chosen to train with McKay Career Training Inc. The client must work directly with their Vocational Rehabilitation Worker.
Lifelong Learning Plan (LLP) – “The LLP allows you to withdraw amounts from your registered retirement savings plans (RRSPs) to finance training or education for you or your spouse. You do not have to include the withdrawn amounts in your income, and the RRSP issuer will not withhold tax on these amounts. You have to repay these withdrawals to our RRSP’s over a period of no more then 10 years.” These quotes have been taken from the Canada Custom Revenue Agency guide. www.ccra.gc.ca
Self-Funded Payment Plans are also available.