If you are a Canadian citizen or permanent resident, you may be eligible for a government student loan to help finance your education.
International students may have the option to apply for loans from their home country, such as the US Direct Loan for eligible American students.
In addition, many financial institutions offer student loans. One alternative is a Student Line of Credit (SLOC), which can be a flexible option if government loans are unavailable. A SLOC is available through most financial institutions and typically carries higher interest rates than government loans, though it is lower than other lines of credit. With a SLOC, you only repay the amount you borrow, making small monthly payments while you’re studying, although interest accrues during this time.
Explore more student loan options to find the best fit for your needs.
