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What Are My Options for Funding my Cosmetology Course in Ontario?

The financial decision to return to school may be difficult, especially if you have monthly bills, a mortgage, or children to support. Fortunately, there are several sources of funding available for cosmetology students. Some of these sources include the government, private companies, and community-based organizations.  

How Much Does Cosmetology School Cost in Canada?

The cost of studying cosmetology in Canada can vary widely depending on the school you attend and the length of your program. For most college and university programs, tuition for international students may be twice as much for a national student. On average, you can expect to pay anywhere from $6,500 to $10,000 for a cosmetology program in Canada.  

What are some Sources of Funding for Cosmetology School?

In addition to OSAP, there are several other options for funding your cosmetology course in Ontario: 

1. Better Jobs Ontario is a government program that offers financial support and skills training for eligible applicants. You may apply for up to $28,000 to help cover the cost of tuition, books, transportation, and even childcare. This program was designed for people who have been laid-off or unemployed for six months or longer and living in a low-income household. To learn more about your eligibility, consult with an employment service provider in your area.   

2. Scholarships and bursaries: Many schools, professional associations, and other organizations offer scholarships and bursaries to students studying cosmetology and other vocational programs. These awards can help cover the cost of your tuition and other expenses. 

3. Private loans: If you are not eligible for OSAP or other government funding, you may be able to take out a private loan to cover the cost of your education. Private loans typically have higher interest rates than government loans, so it’s important to compare your options and choose the loan that is right for you. 

4. Payment plans: Some schools like Bruno’s may offer payment plans or other financing options to help students cover the cost of their education. These plans typically allow you to make monthly payments towards your tuition rather than paying the full amount upfront. 

5. Work-study programs: Some schools may offer work-study programs that allow you to work part-time on campus in exchange for a reduction in your tuition fees

6. First Nations Funding: If you are a First Nations student, you may be eligible for government grants and subsidies to help cover the cost of tuition, books, and even some living expenses 

By exploring your options and being proactive in your search for funding, you can find a solution that works for you and helps you pay for your cosmetology course in Ontario. Taking on student debt may sound like a difficult burden to carry, but it’s the norm among Canadians. Just be sure to budget enough money every month to cover interest payments.  

If you’re ready to take your next step toward a rewarding career in cosmetology, then you can fill out an application or book your free consultation today.