Scholarships and Financial Options

Student Aid

Financial Aid, in Student Loans form, maybe available from the Provincial Student Aid Division to those who qualify.

Student Loan information is available from the Business/Registrar's Office. Both the Canada and Newfoundland Student Loans Programs are Department of Education, Division of Student Aid administered, and are similar in many aspects. Both are needs based financial assistance programs intended to supplement student and family resources.

The Department of Education, Division of Student Aid, is responsible for assessing the student loan applicant's financial needs.

If you believe that you have been unfairly assessed regarding your student loan application, you may appeal in writing to:


Appeals Officer, Student Aid Division:
Coughlan College
Box 8700
St. John's, NL A1B 4J6		     Appeals Officer, Student Aid Division:
College of the North Atlantic
Box 822
Corner Brook, NL A2H 6E6

Assistance is available in government-subsidized loan and non-repayable grants up to the following limits:

Provincial

  • Up to $60 per week in student loans; and
  • Up to $80 per week of study in non-repayable grants.

Federal

  • Up to $210 per week of study in student loans; and
  • Various Canada Student Grants available to low and middle income students, students with dependants, and students with permanent disabilities.

Reviewing your Assessment

When you complete a student financial assistance application form online, you will receive an instant assessment. Please note that your assessment is temporary based on the information you provided on your application.

Based on the information you submitted, your Student Assistance amounts will be listed as follows:

 

Assistance Type Amount
Federal Student Loan Portion $
Provincial Student Loan Portion $
Up-Front Provincial Grant $
Total Assistance $

The amount listed in the above boxes is your temporary assessment. This is the amount you can expect to receive from student financial services to supplement your educational training costs.

To apply for a Student Loan online, please visit the Newfoundland and Labrador Student Aid website at http://www.ed.gov.nl.ca/studentaid/. Students are encouraged to apply early as applications can take up to six (6) weeks for processing.

Student Aid and Personal Monthly Payment Plan

This is a possibility for a student who Student Aid does not totally cover his/her expenses. Once Student Aid has been defined, our Campus Student Financial Officer can determine your remaining monthly payments.

Service Canada

The Skills Development program provides a negotiated financial support amount for skills training to Employment Insurance eligible individuals. Service Canada delivered on behalf of Human Resources and Social Development Canada (HRSDC).

To be Skills Development fund eligible, you must be an unemployed individual as defined under the Employment Insurance Act, Section 58.

This means that you are an individual meeting the following requirements:

  • An Employment Insurance benefit period has been established or has ended within the 36 months (3 years) prior to the date of requesting assistance; or
  • A benefit period that included a maternity or parental claim has been established within the 60 months (5 years) prior to the date of requesting assistance, after which you remained out of the labour market in order to care for a newborn or newly adopted child and are now seeking to re-enter the labour force.
  • Other criteria may apply.

What else do I need to know?

  • The date Service Canada received your completed application form is when you are considered to have requested assistance. This date is used to determine whether you qualify as an "insured participant" within the timeframes outlined above.
  • If you are currently receiving Employment Insurance benefits, you may continue to receive your regular Employment Insurance benefits until your benefit period ends, after which you may be eligible to receive a living allowance to the end of your Skills Development (SD) agreement.
  • If you are not receiving Employment Insurance benefits, you may be eligible to receive financial assistance for living expenses.
  • Temporary financial assistance may be provided in exceptional circumstances to cover all or part of the training related costs such as dependant care, tuition, books, disability needs, transportation and accommodation.
  • Individuals who participate in Skills Development are normally required to make a financial contribution towards the cost of their training.
  • Your application must be Service Canada approved before you begin your training.
  • Service Canada's agreement with an individual can last anywhere from two weeks to three years depending on Service Canada's local business plan and the participant's Return to Work Action Plan.

How do you apply?

  • Complete the Application for Financial Assistance under the Skills Development Employment Benefit (EMP 5259) and submit it to the nearest Service Canada Centre.
  • As part of the application process, you will receive an employment assessment and develop a Return to Work Action Plan with a Case Manager. The Case Manager's decision is required before Service Canada can assess your application. Please contact your Service Canada Centre for information on where you can receive this service.
  • Financial Assistance applications under the Skills Development Employment Benefit must be made early to ensure processing for the program start date of your choice. Don’t delay. Apply today.

Student Aid and Service Canada Funding

Student Aid and Service Canada funding is a possibility for a student who Student Aid does not totally cover. If eligible, Service Canada may give small funding amounts. They should apply early since funding is limited.

Students must present a Tuition Breakdown Form to a Service Canada Funding Counselor.

Student Aid and Chartered Bank

This is a possibility for a student if Student Aid does not cover all expenses. Several Chartered Banks, notably TD Bank, CIBC, and the Bank of Montreal, have loan packages available for students attending Academy Canada. A co-signer maybe required.

Check your local branch for specific details.

Monthly Payment Plan

This option is for students who do not wish to get external funding or who are not eligible. The Business Office at Academy Canada will set up a monthly payment plan. Please contact the Admissions Office for more details.

Workers’ Compensation

For eligibility requirements or to apply, please contact your counselor.

Department of Human Resources, Labour, and Employment (Formerly Department of Social Services)

For eligibility requirements, please contact your counselor.

Mi’Kmaq Resources and Development

For eligibility requirements, please contact your local band office.

Labrador Inuit Association

For eligibility requirements, please contact your local association.

Scholarships and/or Bursaries

Several scholarships are available to many students and never get utilized. Some examples include:

These are just a few! If you or your family members are involved with unions, employers, corporations, service clubs, sports organizations, or non-profit associations, talk to a representative for more information about their scholarships and bursaries.

Apprenticeship Grants

Program Specific Scholarships

Business Administration

Construction/Industrial Electrician

Music and Recording Arts, Multimedia Graphic Design, and Photographic Studies

Natural Resources - Aboriginal Students Only

Occupational Health and Safety

General Scholarships

Coalition of Disabled Persons Newfoundland and Labrador (COD-NL)

Posted April 9, 2013

The "Coalition of Persons with Disabilities Newfoundland and Labrador" in partnership with Scotiabank will provide a $1,000 scholarship to a High School student with a disability pursuing post secondary education in September 2013.

Scholarship candidates must graduate from high school and plan to attend post secondary school, be a Canadian citizen with a disability, and not be related to a COD-NL board member.

A successful candidate will be selected based on academic performance, community involvement, and well defined career path and goals.

For more information about the 2013 COD-NL Scholarship, please click here.

Application deadline is May 3, 2013.
 

News & Events

Corner Brook Campus gets Newfoundland and Labrador Government recognition for their "Spread The Net" fundraising efforts

Click here to learn more.


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