About Loans and Grants
Learn more about loans and grants to help finance your post-secondary studies:
About Loans
What is a Student Loan?
A student loan is financial aid for students and is intended to supplement your financial resources for education costs.
A student loan is a formal financial agreement between you and:
- a lending institution, such as a bank
- the provincial government
- the federal government
- a combination of all three.
Eligibility
You may be eligible for a student loan to fund your post-secondary education, if you can prove financial need and meet other funding criteria.
Paying Interest
You pay no interest on your student loan while you attend a designated post-secondary institution full time.
Repayment
Upon completing your studies, you have to repay your student loan, with interest, within a defined period of time.
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