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. 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!
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
You may apply for the Integrated Student Loans in British Columbia, New Brunswick, Newfoundland and Labrador, Ontario and Saskatchewan, while in Alberta, Manitoba, Nova Scotia and Prince Edward Island you may apply for Canada Student Loans and Grants. Northwest Territories, Nunavut and Quebec have their own student loan programs as the Canada Student Loans are not available in these territories and provinces. In Yukon, Canada Student Loans and territorial grants are only available 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 a cheaper interest rates compared to a regular loan. Find your bank below and learn what opportunities are available to you: