Getting Canadians The Cash They Need
If you are going back to school, or want to help someone who is, then The Money Depot can help you finance it. The government may be able to help you out with some of the funding; however, the cash available through these programs will allow you to pay for classes and books, but is not nearly enough for food and shelter.
You don’t have to live the student life of macaroni and cheese everyday. Actually, even macaroni and cheese might be getting a little pricy for students these days. Don’t just finance an education; have a better scholarly experience. Education is an important part of modern life. It is an investment in your future – Make the best of it.
- Pay for more than just your books and classes
- Get good grades and have a life while in school too
- An investment in your education is an investment in your future
- Get cash for your tuition in as little as one day





You Are More than Your Credit Score
How to Use Your Home to Fund Your Education
One option is to take out a home equity line of credit (HELOC). A HELOC allows you to borrow up to 65% of your home’s value so long as you have 20% home equity. What is more, you only need to take out the amount necessary to fund your education. That way you do not pay interest or fees on the money you don’t use.
A second option is to refinance your mortgage. If you refinance your mortgage you will revise your payment schedule and your mortgage will be recalculated. You will then receive a lump sum payment, and you can budget your money accordingly.
Your third option is to take out a second mortgage. If you have bad credit, or need to consolidate debt, then a second mortgage may be right for you. It allows you to take up to 90% of your home’s value and you don’t need to have 20% equity.
How Can The Money Depot Help You Finance Your Education?
The Money Depot works with dozens of lenders across Canada to get them competing for your business. These lenders will typically offer one of two products to help you cover your tuition fees:
If you own your home: then leveraging the equity in your home makes the most sense. This can be done through a HELOC (a Home Equity Line of Credit), or through refinancing your home, or even through a second mortgage, although it is unlikely that would the ideal solution. To find out more of these products you can visit our page on refinancing your home.
If you don’t own your home: then it is simply a case of us working hard to find you a lender that will provide you with a loan at a low interest rate. Our team of advisors will work with you to build a case for why a lender should extend this loan to you. To find out more about personal loans, you visit our page on personal loans.
Why Use The Money Depot?
The Money Depot has been Canada’s go-to source for loans since 2009 and we have been in the business of lending money to Canadians since 1999. We work with dozens lenders across the country to help take the stress out of refinancing, and getting access to affordable loans by allowing consumers to get multiple offers from several lenders in a matter of minutes. We get Lenders competing for your business. If you’re tired of hearing no from the banks then get in touch with us! We say “Yes” more often
At The Money Depot, we care about our clients and treat you like individuals. We realize that everyone’s financial circumstances are unique, and we get to know each and every one of them. You are not just a name on a piece of paper, or a number at a bank; you are a person.
Although our loans are short-term solutions to your financial needs, we will work with you to ensure you have a long-term plan. With a loan from The Money Depot, you will be able to address your current issues while you work to improve you credit score, increase your income, and find a more permanent solution. We know what you are going through and are here to help you get on with your life. No need to be embarrassed or feel awkward; you are not the only one that has ever been in this situation. Kick the elephant to the curb and call us for a consultation today.