Not everyone who is interested in studying abroad can count on financial support from their parents and/or relatives. One of the most cost-effective ways of studying abroad is to take part in an exchange program while attending a Canadian college or university. However, if you are interested in doing your full program abroad, you have the alternative of requesting financial aid in the form of loans.
In addition to traditional student loans, some students find it helpful to consider a quick loan online via resources like pretargentrapide.ca. This site specializes in providing money loans with straightforward applications and fast approval processes, making it a convenient option for covering urgent education expenses. Additionally, it is well-adapted for French-speaking Canadians, offering services and information in French to ensure accessibility.
You may also apply for scholarships and bursaries. There are a lot of options available to you – read about them below.
1. Scholarships and bursaries
The best thing about having a scholarship or bursary is that you do not have to pay them back. Some universities abroad offer scholarships and bursaries to international students. Consult your institution’s website to find information on their scholarship and bursary opportunities. If you are interested in applying for other scholarships or bursaries to finance your education abroad, you can search for them here. Take a few minutes and search our gigantic scholarship database. You will be glad you did.
Also, the Government of Canada’s International Scholarship and the CanLearnwebsites are both terrific resources for students looking for scholarships and bursaries. Check them out as well.
2. Student grants
Student grants are a great way to help pay for some of your schooling. Consult a student adviser at your institution to find out if they offer student grants for their study abroad programs.
3. Provincial loans
Canada offers various student loan programs depending on the province or territory where you reside. Here’s a breakdown of available loans and grants:
| Province/Territory | Available Loans/Grants |
|---|---|
| British Columbia, New Brunswick, Newfoundland and Labrador, Ontario, Saskatchewan | Integrated Student Loans (Combined federal and provincial funding) |
| Alberta, Manitoba, Nova Scotia, Prince Edward Island | Canada Student Loans and Grants (Federal program) |
| Northwest Territories, Nunavut, Quebec | Independent Loan Programs (Canada Student Loans not available) |
| Yukon | Canada Student Loans and Territorial Grants (Available only to permanent residents) |
4. Student bank loans
Banks in Canada offer student bank loans to assist them with paying for their schooling. Student bank loans normally have cheaper interest rates compared to a regular loan. Find your bank below and learn what opportunities are available to you: