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Funding and Grants

Funding and Grants

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!

THERE ARE MANY OPTIONS AVAILABLE WHICH MAY HELP YOU FINANCE YOUR EDUCATION:

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.

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.

Drake Medox Monthly Payment Plan

Pay as you go!  We offer all students the opportunity to access our no interest Monthly Payment Plan.

Drake Medox College offers Recognition grants to individuals who register a minimum of 2 weeks before the start of any class.

For information regarding our Tuition Refund Policy, please refer page 36 on the Private Training Act Policy Manual.

Tuition and fee refunds

If a refund is due and the student has paid for but not received textbooks or other course materials, including equipment or uniforms, the institution must also refund the fees charged for these items.

The table below shows the circumstances in which tuition must be refunded. Note: The effective contract date for a student enrolment contract is the later of:

  • The date the student or representative of the student signed, or
  • The date the institution signed.
Circumstance
Tuition Refund Entitlement

A student is enrolled in an approved program:

  • Without having met the admission requirements, and
  • Without having misrepresented his/her knowledge or skills when applying
100% tuition refund and a 100% refund of all fees
A student (other than a distance education student) does not attend the first 30% of the program
Institution may retain up to 50% of the tuition

The institution does not provide all the work experience hours of a program within 30 days of the contract end date, and

The student does not attend the work experience.

100% tuition refund

Work experience-related refunds:
No refund needs to be issued if an institution offers a work experience component and a student does not attend or if a student fails to meet the criteria to complete the work experience program (e.g. by failing a class).

Circumstance
Tuition Refund Entitlement
Institution receives a notice of withdrawal from a student, or an international student delivers a refusal of study permit:

No later than seven days after the effective contract date, andBefore the program start date.

100% tuition refund
Between the date the contract was signed and the start date of the program, where that period is less than seven days
100% tuition refund
More than seven days after the effective contract date, and at least 30 days before the program start date
Institution may retain up to 10% of tuition, to a maximum of $1,000

More than seven days after the effective contract date, and

less than 30 days before the program start date

Institution may retain up to 20% of tuition, to a maximum of $1,300
After the program starts, but before 11% of instruction hours have been provided
Institution may retain up to 30% of tuition
After the program starts, and after 10% but before 30% of instruction hours have been provided
Institution may retain up to 50% of tuition
Institution delivers a notice of dismissal to a student:
Before 11% of the instruction hours have been provided
Institution may retain up to 30% of tuition
After 10% but before 30% of the instruction hours have been provided
Institution may retain up to 50% of tuition
Student withdraws or is dismissed from a distance-education-only program:
When the student has received an evaluation for completing up to 30% of the program
Institution may retain up to 30% of tuition
When the student has received an evaluation for completing 30% to 50% of the program
Institution may retain up to 50% of tuition

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Success Story

I had a fantastic experience at Drake Medox College, as I found the instructors very knowledgeable, the quality of the training rooms to be so realistic to actual facilities and the Drake staff incredibly helpful and friendly. I now feel more than capable of taking the right steps to achieve my goal in becoming a health care assistant and building a great career for myself...I would recommend them to all my family and friends. I now look forward to starting a new and exciting career. Thank you Drake Medox College!

~ ROWENA OLMILLO - HCA