Lifelong Learning Plan (LLP)
The Lifelong Learning Plan (LLP) lets you withdraw up to $10,000 a year from your registered retirement savings plan (RRSPs) to finance education. You cannot withdraw more than $20,000.
Banks Education Loan:
Student Loan/Line of Credit Through Your Bank
Most lending institutions offer a line of credit for students. Generally you can borrow between $5,000 to $10,000 a year. While you are in school, interest payments are
required each month.
Repayment commences 6 months after you have completed your studies. A co-signer may be required. For more information contact your lending institution.
The Scotia Professional Plan for Students is a fully integrated banking services package especially designed for students in professional faculties. This financial aid
tool sponsored by the Scotiabank, surpasses traditional non-government student loans by providing an all-inclusive account which puts your money to work for you
and minimizes your interest charges.
If you are a Canadian citizen or permanent resident and are enrolled in one
of the following Faculties you might be eligible for the Scotia Professional
Plan for Students.
- Health Sciences (graduate studies)
- Occupational Therapy
- Physical Therapy
You can contact the financial aid counsellor in your faculty for further information about Scotia Professional Plan for Students or contact SCOTIABANK at
(416)-866-6591 or refer to the Scotia Professional Plan for Students web page.
Private Student loans are available in a wide range of lenders. Including public
and private operators work the same way. Among the private lenders, known as the
simple and quick loan processing. For more information please contact your lending institution or book an appointment to speak with one of our financial consultants.