With the end of the school year right around the corner and the next one fast approaching, you may be among those whose children have reached the costly phase of post-secondary education. Thanks to the Canadian Forces Personnel Assistance Fund (CFPAF), a division of SISIP Financial Services (SISIP FS) you can help them meet this rewarding challenge. Indeed among the various loans and grants made available exclusively to the Canadian Forces (CF) community, since 1987 CFPAF provides education loans through the Education Assistance Loan Program (EALP).

The EALP offers loans up to $4,000 per 12 month period, up to a life-time maximum of $16,000 per student. The interest rate remains stable, at only 3% and the loans can be repaid over a maximum of 48 months. Eligibility criteria are quite simple:

• you must be a serving or former member of the Regular Forces with at least one full year of service (or immediate family member);
• it must be for a full-time post-secondary program; and
• you must be able you to repay the loan based on your income.

To apply, click here, fill out the application form and submit directly to the CFPAF Office in Ottawa (4210 Labelle Street, Ottawa ON K1A 0K2) along with the documentation requested. You can also contact us directly at 1-888-753-9828 or see your local SISIP FS Financial Counsellor.

This application form is also available from any of the SISIP FS local offices, where we will be pleased to provide further information on our loans and grants programs, along with our other SISIP FS financial products, tailored specifically to meet the needs of the military community.