CPA education, whether CPA preparatory courses or modules in the CPA Professional Education Program, is considered a part-time academic program that is designed for post-secondary graduates and working professionals. The CPA Western School of Business (CPAWSB) delivers CPA education, but is not a post-secondary institution and does not qualify for government student loans or grants.
You can consider the following options:
Line of Credit
A line of credit is a type of loan that lets you borrow money as needed to a pre-set limit. You can borrow money from a line of credit, pay it back and then borrow again, up to your credit limit.
While studies through CPAWSB do not qualify for the government student loans, getting a bank line of credit might be an option. The interest rates on lines of credit may be lower than the rates offered on government student loans. But the difference is that you’ll have to start paying interest as soon as you borrow money from a line of credit. With a government student loan, you’ll only start paying interest once you finish your program or leave school (Government of Canada website, 2018).
Contact your financial institution for more details about getting a line of credit.
You can consider the following Canadian major banks:
Some additional tips on getting a student loan can be found here.
Canada Job Grant (different in every province)
An employer applies on behalf of their employee(s) for eligible training costs. You must discuss your eligibility with your employer. For more details, please visit the grant websites of your province.
CPA Scholarships and Bursaries
Please check the provincial website for more details A listing can be found on our website here.