Career Training Loan payments are spread over three years to minimize up-front costs. If the employee leaves the corporation, then defaults on the loan, your corporation is not obligated for the remaining balance of the loan. Recruiting tool Your corporation can use the CPP to recruit new employees, and promote it as a benefit of employment. Reduce costs by prepaying Your corporation may prepay the loan at any time without penalty. Employee Benefits Save money on education or training The CPP can save employees hundreds, even thousands, of dollars on their cost of education.
Employees can use the loan to pay for tuition and education-related expenses.
CPP provides an opportunity for financial support by an employer if none currently exists. Solidifies or expands relationships with corporations to provide financial support for students. Provides an opportunity to recruit more students from corporations. Increases enrollment Diversifies the demographic mix of an entering class. Increases immediate cash flow and efficiencies by eliminating deferred payments and corporate billings.