Use Aeroplan miles to pay off student loans

Use Aeroplan miles to pay off student loans

35,000 Aeroplan miles will shave $250 off your school costs


Not sure what to do with all those Aeroplan miles you’ve racked up? With a Higher Ed Points account, you can convert Aeroplan miles into funds to help pay for your (or someone you love’s) post-secondary education.

Under the program, every 35,000 Aeroplan miles is equal to $250 in provincial student loans in Ontario and Alberta or tuition payments at participating universities across Canada, including University of Winnipeg and Acadia among others. Higher Ed Points hopes to partner with the Canada Student Loans program and other provincial student loan institutions in the future, says founder Suzanne Tyson.

Family and friends can help out by donating their miles as well. If you’re a frequent flyer, you may have collected enough points already. If you live in Toronto for example and have flown economy to Honolulu, Hawaii, Sydney, Australia, and Athens, Greece, you should have collected almost 39,000 miles to put towards that diploma.

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