CAM is an accredited education institute and qualifying students are eligible for financial aid, grants, scholarships, loans, etc.
We recognize that it is a significant decision to select a high-level educational career path. More importantly, it can be an expensive endeavor to commit to spending money on your education. Our Admissions Advisor will show you different ways of structuring your payments while also guiding you through possible financial assistance options.
We accept Visa, Mastercard, American Express, and Pay-pal for tuition payments. Payments will be received directly from the Lender if a student is paying via student loan.
For International Student Financial Assistance, please contact us.
Canadian Citizens and Landed Immigrants/Permanent Residents enrolled in a full-time program are available for Canadian and Provincial Student Loans. Government student loans support is focused on tuition fees, books, materials, living costs, income, and services available. It reaches a maximum annual amount that varies from province to province.
Applications are available at Student Financial Assistance Application (gnb.ca) or by calling 1-888-815-4514.
General information on the program for the Canada Student Loan is available at: Student Financial Services - Post-Secondary Education, Training and Labour (gnb.ca)
This grant is available for full-time students determined to be in financial need and will automatically be assessed with an application for a student loan.
Make an appointment with an employment counsellor to determine if you qualify for TSD funding.
LLP is a program that helps Canadian citizens to withdraw funds from RRSPs to fund education without penalty. You must have a letter of approval from the CAM Institute of Design and be accepted for a full-time program to apply. Without being taxed, the LLP allows you to withdraw up to $10,000 a year (to a maximum of $20,000) for you or your partner. You've got up to ten years to pay the withdrawal back.
A RESP, a Registered Education Savings Plan, is a tax-deferred savings plan widely used by parents to save for post-secondary education for their children. Contributions to a RESP for a child beneficiary can qualify for payments to the Canada Education Savings Grant (CESG). Investment income from contributions and CESG payments may grow tax-free until it is distributed and included in the recipient's income and taxed accordingly. In most cases, a student whose gross income results in a minimum tax amount is the beneficiary.
CIBC and The Royal Bank of Canada offer student lines of credit.
Useful CIBC Links:
Useful Royal Bank Links:
NOTE: The presented financial options are not affiliated with the CAM Institute of Design and are listed for information only. Please carefully read the full text (and the fine print) of every contract you have signed and make sure that you understand it before signing it. The terms and conditions levied by third-party services are not the CAM Institute of Design's responsibility.