Tag Archives: education
Student Loans in Canada & Their Features
Most of the countries in the world today provide facilities for pursuing higher education and extend various types of loans and grants. Canada is no exception. Especially the students loan program and grants program both help the students with financial assistance for pursuing their education and building up their career.
Types of Student Loans in Canada
Features of the loans and grants for students in Canada are as follows.
– Student loans in Canada and various grants are available in most of the states and cities in Canada;
-In case of grants the students do not have to pay back the amount sanctioned in their favor;
– Loans are amounts that are sanctioned but have to be repaid in future; and
-Student loans in Canada are available from the federal and state governments, private organizations, religious institutions, and even from the college where the student is pursuing graduation.
Why Student Loans in Canada is Important
Reasons for importance of the student loans in Canada is that few students become eligible for grants that are non-refundable. Hence, many others who are not eligible for the grants opt for the student loans in Canada. Pursuing higher secondary education opens up numerous avenues for building up career in the country.
Main Resources for Canada Student Loans
Some of the major resources for Student loans in Canada and grants sanctioned in favor of the students are as follows.
– Canada Student Grants Program;
– Canada Students Loans Program;
-Repayment Assistance website; and
– All the related links.
Moreover, the aspirant borrower can visit the official website of higher education department of Government of Canada for more information on student loans.
More about Student Loans in Canada
Student loans in Canada is offered to both full time as well as the part time students pursuing post-secondary courses and require financial assistance for the same. Such facilities are available in most part of the country.
– CSLP or the Canada Student Loans Program that works in collaboration between Government of Canada as well as the state governments;
– Usually it is a partnership between state and federal government;
– Central government in Canada offers 60% of the students loan offered and the upper limit for such loans is $210 per week of study for the student; and
– Provincial and territorial loans constitute 40% of such loan extended to students.
A Brief Overview of Student Loans in Canada
Since it started in the year 1964, the CSLP has covered around 4.5 million students offering around $34 billion of loans. Such expenses were incurred in form of part time and full time student loans for approximately 350,000 students. Besides such loans, the Canadian Government has also provided huge amount of grants of around $142 million that is non-refundable to students.
However, coverage of student financial assistance is much greater in form of student loans in Canada.
School Scholarships Offer A New Lease In Life
Your education is the one thing for which your parents will work hard to make sure that you get to have the kind of education that they never had as this knowledge that you gain in your initial years will help you in your life ahead. Education has become a really expensive affair and it isnt really economic anymore for all students to go ahead and get great college degrees without some financial aid. Thanks to great school scholarships this is somehow possible as this financial help will help gifted students a long way.
It isnt easy to attain a high quality education as there are many factors that will hinder your growth and development and will also become an obstacle in your path towards great education. However, leading educational organizations now want to help students get good education and that is why they have lowered their fees in various areas like the college admission process and also offer financial relief to brilliant students who deserve good education. There are other expenses too like the books for college that you can avoid by going for used books or borrowing books from a friend.
Getting good education wont be easy on your wallet and the only way in which you will be able to address this is by going for school scholarships. There are a wide range of scholarships that you will be able to use for your advantage as they will be able to cover various charges like your tuition fees, costs of books, etc. You will not have any worries if you are covered by school scholarships and grants as they will be able to take care of all your educational expenses and you will be able to focus on your education only.
There are a wide variety of programs now available for different educational programs and there are many funding agencies that are offering various scholarships and more. Incase you are a business degree aspirant you will be able to save a whole lot of expenses by applying for one of the many business scholarships that will be able to make it easier for you to complete your education without any monetary hassles. Similarly there are other schemes also available for other courses like nursing scholarships that will be offered to exceptional nursing students who are academically very good and deserve to get a good education. These scholarships will undoubtedly help these gifted students achieve their dreams without worrying about semester tuition fees.
The power of education in todays world is immense as there is simply no substitute for great knowledge and your education will definitely help define your tomorrow. There are various schools that offer many varied courses but generally the expense of educating someone has gone really high. In this situation the best way in which you can help yourself get the education you seek and not put your family in any financial trouble is by getting school scholarships.