What is your goal in going back to school?
Looking to strengthen your skills or get promoted? Learn something new or change careers? Whatever your motivation or goals, our advice can make it easier for you.
Going back to school: where to start?
Article: The top 8 reasons to use your RRSP to go back to school
There are many ways to finance your studies and continue paying your mortgage and other expenses. You might already be familiar with the HBP, which allows you to withdraw money from your RRSP to finance the purchase of a first home. But did you know that you can use your RRSP to finance a return to school?
Article: How to continue your education later in life
Returning to the classroom as an adult can be a big challenge, specially if you have responsibilities, a home and a family. There are many reasons for going back to school 25 years later: motivation, finances, time, etc. What are yours?
Saving up for returning to school
Put aside as much money as possible for your return to school. Set up systematic savings: select the frequency and amount you want, and the withdrawals will happen automatically.
Tools to plan your return to school
Thinking about going back to school? Want to finance your studies stress-free? Did you know that the Lifelong Learning Plan (LLP) lets you withdraw up to $10,000 per year from your RRSP?
Determine what your income and expected expenses will be, including all study-related expenses. You'll get a clearer picture of how your finances will be affected. The good news is, you could save by taking advantage of special offers and discounts for students.
Little details that matter
Legal disclaimer
The contents of this website must not be interpreted, considered or used as if it were financial, legal, fiscal, or other advice. National Bank and its partners in contents will not be liable for any damages that you may incur from such use.
We wish to inform you that the information presented on this website, whether financial, fiscal or regulatory, may not be valid outside the province of Quebec.
Those events, articles and videos are provided by National Bank, its subsidiaries and group entities for information purposes only, and creates no legal or contractual obligation for National Bank, its subsidiaries and group entities. The details of this service offering and the conditions herein are subject to change.
The hyperlinks in those events, articles and videos may redirect to external websites not administered by National Bank. The Bank cannot be held liable for the content of external websites or any damages caused by their use.
Views expressed in those events, articles and videos are those of the person being interviewed. They do not necessarily reflect the opinions of National Bank or its subsidiaries.
For financial or business advice, please consult your National Bank advisor, financial planner or an industry professional (e.g., accountant, tax specialist or lawyer).
Have questions about going back to school?
Speak to an advisor for personalized support.
1-888-270-3941
Monday to Thursday,
8 a.m. to 6 p.m. (ET)
Friday, 8 a.m. to 5 p.m. (ET)
