How To Apply For Students Loan In Canada

Acquiring higher education in Canada is quite expensive, and student loans become the only possible option for students who have low income and cannot afford to pay their tuition fee. The average cost of a Tertiary Education in Canada can top up to $80,000, making capitalizing a substantial for most students.


However, the Federal Government of Canada has two programs which can help student to acquire loan. Students can apply for school loans through Canada Student Loan Program (CSLP) or grants from the Canada Student Grants Program (CSGP).

  • Canada Government School Loan Programs
    • Canada Student Loan Program: With this particular loan program, if your application meets the necessary requirement for monetary need then there is the assurance that you could receive up to 60 percent of the cost of your tuition, it doesn’t matter whether you are a part-time or full-time student. But you should also remember that after graduating,you will own the amount with interest back to the government.
    • Canada Student Grants Program: This program consolidate with all the accessible federal grants into one plan. Then also, you first have to apply for a grant and evince financial demand. If your request is accepted, you could be qualified for grant money of which you dont have to repay upon graduation era.
    Other Option To Look For When Denied Federal Financial Assistance When you reach the highest point for your federal benefit and you are been denied,you can find support from the province or the tertiary you belong to or resides.
    • Ontario: The Ontario Students Assistance Program cast about for to provide financial support to it natives through student loans,grants,scholarships and bursaries. It doesn’t matter if you are a part-time student or full-time student, you may be qualified.
    • Alberta: The Alberta Learning Information Service offers scholarships, bursaries and school loans plus financial planning resources.
    • British Columbia: StudentAidBC provides loans, scholarships, grants and more. They also have special information for applicants who have dependents, disabilities, use income assistance or have other unique situations.