Here's a breakdown of the factors to consider:
* Your WSIB entitlement: How much longer are you eligible for WSIB benefits? Is your entitlement based on a specific injury or a broader disability? The impending end of your year line is a critical piece of information. If you're close to the end, it might be strategically advantageous to exhaust your benefits now.
* Your ability to work: Can you work now, and if so, at what capacity? Even if you're attending college, could you undertake part-time work that wouldn't jeopardize your WSIB benefits? This is key to determining whether going to college, even with potential future career benefits, is worth it financially *compared to* receiving your remaining WSIB payments.
* Your educational goals and career prospects: Is your college education likely to significantly improve your future earning potential, and if so, by how much? Will a degree substantially increase your chances of finding suitable, sustainable employment given your disability? The potential long-term financial gain needs to be weighed against the immediate loss of WSIB benefits.
* Your disability benefits eligibility: If you cease receiving WSIB, what are your chances of qualifying for disability benefits through other government programs (e.g., CPP Disability, Social Security Disability)? The application process can be lengthy and uncertain.
* Financial planning: It's crucial to project your income and expenses with both scenarios: continuing with education and receiving potentially smaller WSIB benefits versus immediately claiming remaining benefits and potentially applying for other disability programs.
In short: Don't make this decision alone. Consult with:
* A WSIB lawyer: They can interpret your specific entitlement and advise on the legal implications of your choices.
* A financial advisor: They can help you model your future financial situation based on different scenarios and make a sound financial decision.
The decision to continue your education or accept disability benefits hinges on a careful evaluation of your personal circumstances, long-term financial prospects, and your ability to balance education with potential work and benefits. Getting professional advice is essential.