Before applying for a student loan in Canada, it is important to do your research.

Multiple ways available to get a student loan

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Federal Student Loans Only Canadian citizens and refugees international students are eligible for federal student loans

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Secured Loan International student requires an asset like a car or rare antique to get a secured loan

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Private Student Loans Take a loan from a private lender if you have a cosigner who will take responsibility for loan repayment

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Government loan from back home If you are a united states student studying in Canada, you are eligible for US federal student aid programs

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Interest Interest is a percentage-based loan charged to the borrower by the lender. Please check the interest rate before applying it

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Repayment Repayment will be different, and it's based on your loan type. For federal student loans, students will start repayment after six months of graduation

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Scholarship Financial help is given to international students on academic or extracurricular achievement by institutions, organizations or government

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Bursaries Bursaries are financial help universities or colleges give international students after assessing their income or family income

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More options The student should contact their universities or colleges for financial advice and resources for international students

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