New Brunswick Association of Occupational Therapists
Internationally Educated OTs
Career Pathway Loan Program from the New Brunswick Multicultural Council
The Career Pathway Loan Program works to open up employment possibilities for New Brunswick’s newcomers. The loan is available to immigrants who are looking to have their Foreign Credentials recognized in Canada. There are many newcomers who are under-employed or employed in a field that is not related to their career outside of Canada.
The primary role of this loan is to provide financial aid to newcomers looking to have their Foreign Credentials recognized in Canada. Below is an overview of general information about the loan and eligible clients.
About the loan:
- An amount of up to $15,000 can be borrowed
- Interest rate of prime + 1% for the entire term of the loan
- Interest only payments during period of study
- Repayment starts 90 days after the completion of client’s Career Action Plan, or when full time employment begins, whichever comes first.
- Repayment term of up to 5 years
- Loan payments will be distributed in installments as client makes progress on their Career Action Plan
- Client’s loan will be registered with a credit bureau so that they can built a credit rating in Canada
- Be a permanent resident, provincial nominee, or a Canadian citizen with foreign credentials
- Have valid credentials or training from a country other than Canada
- Be currently unemployed or under-employed.
- Have sufficient language skills in either English or French
- Have been accepted into program for which they will use the loan.
You can find additional information on our website (www.nb-mc.ca) under the “Projects” tab.
Please note that, according to both NBAOT and CAOT policy, candidates have three attempts to pass the NOTCE. After three attempts, candidates will no longer be eligible to write the NOTCE. Please review the NBAOT examination policy. If you have questions about this policy contact email@example.com
If you have any questions about the NOTCE administration policies or procedures, please contact Ryan McGovern, CAOT Exam and Accreditation Coordinator directly at firstname.lastname@example.org.