Going Back to School

Going back to school can be quite an investment. If you don’t want to hit a brick wall, try channelling some of your enthusiasm into a good action plan.

Learn more about study programs.
Make sure you really want to go back to school.
Set your educational and professional objectives.
Set up a schedule.
Reorganize your finances.

Not sure what kind of education you're looking for? Not sure what kind of new job you're targeting? Your local employment centre (LEC) and the regional office of the Ministère de l'Éducation in your area can offer you invaluable assistance on employment prospects, training programs and available financial assistance.

You can also make an appointment to meet with a guidance counsellor at a university, CÉGEP or high school.

List of LECs

List of regional offices

Financing Solutions for Going Back to School

Student Loan

We manage your loan to maximize your dividends.

Apply online!

Student Line of Credit

A line of credit designed for students. No principal payments while you're still studying.

Apply online!

Student Visa Black

A credit card tailored to your student needs. The main feature: flexible eligibility criteria!

Apply online!

The Lifelong Learning Plan (LLP)

This program allows you to use money from your RRSP to finance both you and/or your spouse's full-time return to school.

Financing and Repayment¹	Eligibility Criteria²
Possible withdrawal of up to $20,000 over a maximum period of 4 years. Possible withdrawal of up to $10,000 per year as long as this does not exceed the 4-year maximum. Possible repayment period for the amount withdrawn under the LLP of 10 years. No interest on the amount withdrawn from your RRSP. The first payment must be made within 60 days following the fifth year after the first withdrawal was made.	Beneficiaries must be Canadian residents when they receive funds under the LLP. Beneficiaries must be enrolled as full-time students in a qualifying education program from a designated educational institution OR must have received a written offer, with or without conditions, to be enrolled in such a program before March of the following year. Beneficiaries may be enrolled on a part-time basis only if they were entitled to the amount on their previous tax return for serious and prolonged mental or physical impairment OR if the effects of a mental or physical impairment prevent them from enrolling as full time students.

Financing and Repayment¹

Eligibility Criteria²

Possible withdrawal of up to $20,000 over a maximum period of 4 years.
Possible withdrawal of up to $10,000 per year as long as this does not exceed the 4-year maximum.
Possible repayment period for the amount withdrawn under the LLP of 10 years.
No interest on the amount withdrawn from your RRSP.
The first payment must be made within 60 days following the fifth year after the first withdrawal was made.

Beneficiaries must be Canadian residents when they receive funds under the LLP.
Beneficiaries must be enrolled as full-time students in a qualifying education program from a designated educational institution OR must have received a written offer, with or without conditions, to be enrolled in such a program before March of the following year.
Beneficiaries may be enrolled on a part-time basis only if they were entitled to the amount on their previous tax return for serious and prolonged mental or physical impairment OR if the effects of a mental or physical impairment prevent them from enrolling as full time students.

No RRSP or your RRSP has less than $20,000 in it? Don't worry. An LLP loan will solve that.
Learn more about the LLP

Solutions from the Ministère de l’Éducation du Québec (MEQ)

When it comes to financial assistance, the MEQ has loads to offer!

Loan guarantees for the purchase of a computer
Various scholarships
Deferred payment plans
Special allowances
Debt remission, etc.

Services	Contact Information
Your educational institution’s financial assistance office	Consult the phone book or the institution’s Website.
MEQ's Aide financière aux études unit	1-877-643-3750 or www.afe.gouv.qc.ca
Interactive telephone services	1-888-345-4505

Do you dream of going back to school? Make an appointment today with an advisor at one of our branches or by calling 514-252-1846 or 1-800-252-1846.

Legal notice

1. Some conditions apply. Refer to your advisor or visit the Canada Revenue Agency's Web site at www.cra-arc.gc.ca for more details.
2. Other conditions may apply.