Hi Andrej,
Frank O'Connor is heading up the Photojournalism course at Loyalist College. Really good guy. I personally can't comment of the advantages as I have never been there, but I do know that many of NPAC members have come from Loyalist including John Lehmann from the Globe and Mail and Ben Nelms who is an Independent photographer but has shot for the Globe and Reuters. There are a number of Award winning photographers that have come from Loyalist, but that's as far as I can comment. You're best to contact Frank and I'm sure he would be able to give you an idea on the benefits on attending. You can reach him at: foconnor@loyalistc.on.ca.
I hope that helps a bit. Let me know if you need any more info.
Cheers,
Ali