Financing any professional program requires considerable planning and budgeting. Tuition for the four year program at CMCC, including student activity fees, is projected to be approximately $85,000 for Canadian students. Books and supplies are approximately $3,000 and annual living expenses are estimated at $12,000. These are typical costs for a professional program.
CMCC’s Financial Aid Office is here to assist students with their application for funds. Students who are eligible for Canadian Federal and Provincial student loans can receive a maximum amount of approximately $13,000 per academic year. Students can also qualify for professional student line of credit programs through major Canadian banking institutions. For more information please contact us by phone 416 482 2340 ext. 103, fax 416 646 1114, or email: finaid@cmcc.ca
Canada Student Loans Program
The Government of Canada directly finances loans made available to students in financial need who are registered in academic programs at post-secondary institutions. Please note that applicants must meet all eligibility and residency requirements. Further details are available on respective provincial student loan web sites.
Provincial Student Assistance Programs
Provincial student assistance programs can supplement students who lack adequate financial resources to pursue post-secondary education. Please apply early, since government loans can take up to twelve weeks to process. For details, contact the offices below, of the Financial Aid Administrator in CMCC’s Division of Student Services.
- Alberta – Alberta Learning Information Service, Alberta Human Resources & Employment – http://www.alis.gov.ab.ca/studentsfinance/main.asp
- British Columbia – Student Services Branch, Advanced Education, Training and Technology – http://www.aved.gov.bc.ca/studentservices
- New Brunswick – Student Services Branch, Department of Advanced Education and Labour – http://www.studentaid.gnb.ca
- Prince Edward Island – Student Aid Division, Department of Education – www.edu.pe.ca/studentloan/guide
- Newfoundland – Student Aid Division, Department of Education – http://www.edu.gov.nf.ca/studentaid
- Northwest Territories – Student Financial Assistance, Department of Education, Culture and Employment – http://www.nwtsfa.gov.nt.ca
- Nova Scotia – Student Assistance Office, Department of Education and Culture – http://www.ednet.ns.ca
- Nunavut – Department of Education, Financial Assistance for Nunavut Students http://www.nac.nu.ca/student/fans.htm – Email: mpameolik@gov.nu.ca
- Ontario – Student Affairs Branch, Ministry of Education and Training – http://osap.gov.on.ca
- Quebec – Service de l'accueil et des renseignements, Aide financière aux études, Ministère de l'Éducation) – http://www.afe.gouv.qc.ca
- Saskatchewan – Student Financial Assistance, Post-Secondary Education and skills Training – http://www.sasked.gov.sk.ca
- Yukon – Students Financial Assistance Unit, Department of Education – http://www.education.gov.yk.ca
Bank Loans
All major financial institutions have student loan programs and/or lines of credit available to CMCC students in all years. But be aware of the yearly and overall maximums that can impact your long term financial budgets for the four year CMCC program. Please contact your bank for details such as eligibility requirements, interest rates and applications.
Emergency Loan Fund
CMCC maintains an emergency loan fund for students. The maximum is $500, which must be repaid within thirty days. Students must submit written proof to substantiate the status of the emergency. Emergency loan application forms may be obtained from the Office of Student Services.
Students’ Council Emergency Fund
The Students' Council maintains an emergency loan fund. The maximum is $500, which must be repaid within sixty days. Students in financial need must submit written proof to substantiate the status of the emergency. Emergency loan application forms may be obtained from the Students’ Council Office.