Ottawa, January 8, 2015 – Colleges and Institutes Canada (CICan) is pleased to learn that the Canada Apprentice Loan is now accepting applications. The official launch of the program was announced yesterday by Prime Minister Stephen Harper at the joint BCIT/Vancouver Community College Annacsis Island campus.
The Canada Apprentice Loan will provide apprentices in Red Seal trades across Canada with access to interest-free loans. These loans will help apprentices address the costs they encounter during technical training, including educational fees, tools and equipment, living expenses and forgone wages. It will be managed by the Canada Student Loans Program, within Employment and Social Development Canada.
Over the years, CICan has been a vocal advocate for much needed improvements to the apprenticeship system, including increased financial support for apprentices and improved technical training.
“With the skills challenges faced by several sectors of our economy, it is of the utmost importance that we invest in skills training and apprenticeships”, said Denise Amyot, President and CEO of CICan. “The Canada Apprentice Loan does just that and will help countless Canadians acquire the skills they need to succeed while contributing to the development of their communities.”
Colleges and Institutes Canada is the national and international voice of Canada’s publicly supported colleges, institutes and polytechnics. We work with industry and social sectors to train 1.5 million learners of all ages and backgrounds at campuses serving over 3,000 urban, rural and remote communities in Canada. The Association operates in 29 countries via 13 offices around the world.
For more information:
Senior Strategic Communications Officer
Colleges and Institutes Canada
613-746-2222 ext. 3131