Financing Your Education
It pays to do your homework when it comes to financing your education because the decisions you make today will most certainly be part of your future.
In this section, you will discover some of the options available to you. Familiarize yourself with them and compare your options. Find out what the different types of interest mean and crunch the numbers. You’ll be glad you did it!
Scholarships, Bursaries & Grants
The Maritime College of Forest Technology does not offer any scholarships, bursaries, or grants to its students. However, we encourage our prospective and current students to visit the website links provided below as there may be some there that they qualify for.
New Brunswick Forest Technicians Association (NBFTA) Second Year Student Scholarship
Nova Scotia Forest Technicians Association (NSFTA) Entrance Scholarship
The Government of Canada and most provincial or territorial governments work together to deliver federal and provincial student loan and grant programs for post-secondary students. The loan amount is based on a student’s financial needs and parent’s income.
A student loan is designed to help a student pay for post-secondary tuition, books, and living expenses while still in school. It must be paid back with interest once the student graduates from school. Generally, a student loan is better than other types of loans because they tend to have substantially lower interest rates.
Student Lines of Credit
A student line of credit is a personal loan from a bank that helps students pay for their post-secondary education. Students borrow money from the line of credit while they are in school to cover their expenses, but usually pay a monthly interest on the balance. Once students graduate, they are required to pay back the loan with interest. A grace period may be given to students before making these payments. Here are some institutions that offer a student line of credit: