Financial Aid and Payment Options
Financial Planning for your future
International Beauty Institute will work with each potential student to choose the best payment option.
Financial Aid:
Students enrolled in Medical Aesthetics Diploma Full Time, Advanced MedSpa Clinician Diploma Full Time, Advanced Medi-Spa Therapist Diploma Full Time, and Spa Therapist Diploma Full Time may be eligible, if qualified, for loans, grants, or awards granted under the Ontario Student Assistance Program (OSAP). Please contact your local campus for more information.
Use Your RESP to Fund Your Education:
Many students and families use funds from a Registered Education Savings Plan (RESP) toward tuition and approved educational costs. Because IBI offers eligible diploma programs from an accredited private career college, students may be able to use RESP funds, subject to RESP rules and approval by their RESP provider.
Interest-Free Payment Plans:
All students are eligible for our in-house financing. This allows you to break down your tuition payments monthly for the length of your program with zero interest. Extended payment plans may be available for those who qualify.
Bank Loans:
All national banks offer students the opportunity to receive a student loan. Visit your bank to determine if you are eligible. Please let us know and we will provide you with the necessary paperwork.
Employment Ontario:
Better Jobs Ontario (Formally known as Second Careers) is a government funded program that allows eligible candidates to go back to school on a grant. To find out more details and to determine if you can qualify, please visit www.ontario.ca/page/better-jobs-ontario or call 1-800-387-5656. Alternatively, please set up a meeting with an International Beauty Institute Representative and we can assist you in this process.
Lifelong Learning Program:
The Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RRSPs to finance full-time training or education for you or your spouse or common-law partner (some restrictions apply). For more information please visit www.cra.gc.ca
Workplace Safety and Insurance Board (WSIB):
This program assists eligible candidates with rehabilitation, retraining, and educational upgrading. Please visit www.wsib.on.ca to see if you qualify.
External Scholarships:
Many organizations provide grants and scholarships. Please speak to your admission representative at International Beauty Institute to see a current list of scholarships.
Indigenous/First Nations:
Indigenous and Northern Affairs Canada (IANDC) has two funding programs that provide financial assistance for eligible Indian Status and Inuit students. For more information visit www.canada.ca/en/indigenous-northern-affairs.html.