For most students, money for education tends to come from many sources. Here is an overview of the options. Consider them all to find the combination that will work for you.
You can find more detailed information on many of these topics on pages throughout this site.
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Parents. Many students receive financial support from their parents or other relatives. It's important for you to discuss your education plans and costs with your family. They may be able to help, even if it comes in the form of a loan. |
Scholarships. Scholarships are money awarded for academic merit. For some scholarships, assessment is also based on other criteria such as community involvement, leadership and/or financial need. Scholarships amounts range from $500 for one year to $32,000 over four years. |
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Bursaries. A bursary is an award granted on the basis of financial need. Bursaries are little pieces that you can add to the bigger funding pieces. |
Government Student Loans. Government loan programs are intended to supplement the financial resources of students and their families. These loans come from both the federal government and the provincial or territorial governments. Fill out an application for your home province/territory for each year that you are studying. |
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Lines of Credit (bank loans). Many banks offer student lines of credit or bank loans. A line of credit gives you access to an agreed-upon amount of money which you can withdraw as you need it. You pay interest on the money you withdraw. |
U.S. Student Loans. |
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Savings from Summer Work. Most students work during the summer to raise money for their education. Government loan programs expect students to save a percentage of this income and put it toward their education costs. |
Part-time work. Find a job on or off campus to help you fill in the gaps. If studying full time, it is recommended that you work no more than 10 hours a week. |