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Education Loan

When you apply and qualify for student financial assistance, you are automatically assessed for Canada Student Loans and Canada Student Grants. Government student loans are based on your assessed financial need. Canada Student Loans are offered by the Government of Canada to help students pay for post-secondary education at a designated college, university, or other post-secondary institution. It is offered to eligible full- and part-time post-secondary students in most provinces and territories. For more information, consult the provincial and territorial information for student loans and grants page or contact your province or territory’s student financial assistance office. There are other types of non-Government issued loans available to students. Some financial institutions offer regular consumer loans for school, lines of credit and emergency loans. Lines of credit are pre-set amounts of money from which you can withdraw sums as needed. You pay interest only on the money you withdraw. Other specialized loans, like Emergency loans are usually disbursed by your school’s financial aid office. They are short-term loans—usually for 90 days—and are for students who are in dire need.

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This website's sole objective is to help those looking to further their education and careers in Ontario by offering information and support. It is not owned or operated by the Government of Ontario.