Scholarships and Funding

FUNDING YOUR FUTURE:
 

Paying tuition fees for education is one of the best investments you can make. Compared to all other investments you will encounter in your life, investing in yourself and your future career will provide one of the best rates of return that you can get for your money.

At Drake Medox College we want to invest in your future too. We do this in a few ways. Firstly, we connect you with our experienced admissions team. They will help you determine the right plan of action for obtaining the right education for your career. More importantly, they will help you to explore the many options for funding your education. Their goal is to make your tuition fees easy for you to obtain AND, where possible, make the most of FREE education money!
 

Your tuition fees may be achieved from one or multiple sources.
 

There are two public financial assistance programs available for students:

BC Student Assistance Program (BCSAP)
This program has recently been renamed Student Aid BC. This is a needs-based program designed to provide supplementary financial assistance to eligible students to enrol in a full-time post-secondary level course for a minimum of 12 weeks. The amount and type of assistance awarded is based on a needs assessment. With one application, students may access several different types of funding including: Canada Student Loan, BC Student Loan, and Canada Millennium Scholarship Grants.

EI Training Funded by Human Resources and Skills Development Canada
Human Resources and Skills Development Canada provide funding to unemployed individuals wanting to get back to work. The program assists people who are on Employment Insurance or have received EI in the last 3 years as well as those on maternity or parental benefits within the last 5 years.

There are several ways to finance your education using private funds:

Student Line of Credit
Most banks offer students an option to take out a Student Line of Credit to facilitate you paying for your education. You will need to be enrolled in a program and our admissions team will provide you with a letter of acceptance into the program to give to your chosen bank to confirm your commitment to your education.

Life Long Learning Plan
Under this plan that is also offered through the banks, any person wishing to study can borrow from the RRSP account of either themselves or their spouses. The loan is interest free and can be used to cover tuition fees and living expenses for up to 10 years. There is no payment required for the first year. You will need to be enrolled in a program and our admissions team will provide you with a letter of acceptance into the program to give to your chosen bank to demonstrate your commitment to your education.

Passport to Education
The Passport to Education Program is available to any high school graduate. It recognizes and rewards student achievement in Grades 10 to 12 in a broad range of academic and non-academic areas according to guidelines set out by the Ministry of Education. The intent of the program is to motivate all students to study consistently during the years leading to graduation, and to encourage secondary school students to pursue further education through post-secondary institutions and job-training programs. Passport awards are used to assist students with tuition toward their post-secondary education or job training programs.

Scholarship Funds

Drake Medox College offers scholarship funds to individuals who can demonstrate their eligibility based on the following attributes:

• Volunteer services
• Healthcare experience
• Foreign healthcare professionals

At Drake Medox College, our admission team are as committed to advancing your career as you are.

We are here to assist you in achieving your career goals and dreams.