Student Loans
Student Loans

Student Loans

The Human Resources and Skills Development Canada is a department of the Government of Canada which developed an interesting program helping Students obtaining a post-secondary education.
The Canada Student Loans Program and the Canada Student Grants Program help students by providing financial and monetary assistance to Canadian Students attending post-secondary education.

The assistance is available in the form of Student Loans and Student Grants.
Loan simply means money that the student will have to pay back, Grant means money that the student won't pay back.

The difference between loan and grant is remarkable, however both of the aids are indispensable for allowing thousands Canadian Students and families to obtain a post-secondary education, which can open doors by providing better job opportunities.
The Canada Student Grants Program combines several federal financial support into a unique program that effectively helps families to manage the cost of post-secondary education depending on the income of the student's family.

Students with definite requirements, qualified for federal grants, can receive $100/$250 per month of study.
The amount of the money depends on the student's family's income.
The students can choose the part-time course.
In this case the grant may provide up to $1,200 per academic year.
There were further aids for low income students with permanent disabilities. The Canada Student Grant Program could provide up to $8,000 per academic year.

Also the grant offers $200 per month of study to low income students with children, for every children under twelve old years.
The amount is about $40/$60 if you are a part time student.
It's important to know that the eligibility thresholds for the income grants will be adjusted to reflect the cost of living in each province and territory for different family sizes.

The Canada Student Loans Program provides to deliver financial aids which need to be paid pack.
The Government of Canada provides up to a maximum of $210 in loans per week of study. The students can receive further $140 through provincial or territorial student loans.
The loan repayment is required when the student graduates or leaves school.
Payments are not required until six months after the repayment period begins; however, interest accumulates during this time.
When you apply for a Canada Student Loan, you will automatically be assessed for most Canada Student Grants, that you may be eligible for.

The applications for loans and grants must be sent to your province or territory of permanent residence. Once filled out the application form, you need to check your mail for a Letter of Assessment which will let you know if you have qualified for loans and grants.
If you qualify, you will receive a Certificate of Eligibility that indicates the amount of money you will get.
Once completed and signed the Certificate of Eligibility, send it to your province or territory of permanent residence.


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