Financing your Education
Second Career is a Government program to offer financial assistance for laid-off unemployed workers for which skills training is the most appropriate intervention to transition them into high-skill, demand occupations in the local labour market. If you have been recently laid-off, an active EI claimant, EI Reachback or non-EI eligible you could be eligible for Government Funding through the Second Career Ontario Program. Effective July 13, 2021, the Ontario government has made changes to the Second Career program to better help laid-off workers pay for tuition and living expenses if they retrain for new careers. If you were laid off in one of the sectors most impacted by COVID-19 since March 1, 2020, you may benefit from these changes. The Second Career Program will offer funding for programs of less than 52 weeks duration so that applicants can re-enter the job market in the shortest possible time. The program may offer up to a maximum of $28,000 for tuition, books and equipment, transportation and living expenses if you are eligible. You can join a Program at Peel College of Professional Studies through the Second Career Program.
More information on the details of eligibility and funding can be found by clicking the link below.
Through Peel College of Professional Studies
Peel College offers flexible payment options to fund your education. You can benefit from our zero-interest installment option to help you enhance your skills. We offer this option to all our Diploma students. Contact us today to find out how you can enhance your career without putting an undue strain on your monthly budget.
Funding through a Bank
You have the option of getting funding through a bank loan. Peel College is not involved financially or otherwise in this transaction – the arrangement would be entirely between you and the Bank of your choice. Peel College's involvement will be limited to providing any paperwork required by a Bank to enable you to get a loan.
Funded by the Government of Canada, Achēv’s Accelerating Career Advancement program provides financial loans to internationally trained individuals who are looking to return to their chosen profession. Expenses covered include tuition, books, material, travel and living expenses.
- Educational loans from $1,500 – $15,000
- Low-interest rate
- Loan repayment terms from 1-4 years
- Must be a Permanent Resident, Canadian Citizen, or Convention Refugee
- Obtained education/work experience from outside of Canada
- Reside in Ontario
More information on the details of eligibility and funding can be found by contacting FCRLoans@tcet.com.
Windmill Microlending is Canada’s largest and most successful microlending charity for skilled immigrants and refugees. Windmill addresses underemployment of skilled newcomers by offering affordable loans of up to $15,000 to pay for the credentials, licensing, retraining or professional development needed to achieve career success in Canada. By supporting newcomers across the country, Windmill is helping convert potential into prosperity, for our clients and for Canada. Windmill Microlending is a registered charity supported by donors, government, sponsors and granting agencies. For more information please visit windmillmicrolending.org/
Abilities to Work has been providing candidate recruitment and selection to employers since 1995. They have programs and services that address the needs of employers to tighten the gap on the labour pool shortage by assisting businesses to hire from an untapped and highly skilled labour pool. They work with persons with disabilities, visible minorities and marginalized communities. Peel College will provide training programs for their clients to make them employable or for upskilling. Peel College looks forward to contributing to the community through this partnership. The aim is to develop people’s abilities so that they can participate in the workforce on an equal footing and contribute to the diversity and the equitable nature of our multi-cultural community.
Your future is waiting at Peel College. Come, visit us and take charge of your career!
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