| Student loans that are issued by the Canadian | | | | Fewer students obtain these specifically designed |
| government can only be obtained by students who live | | | | loans. |
| in Canada. In certain situations, some immigrants to | | | | Loans offered by the Canadian government are not |
| Canada may be able to qualify for some of the many | | | | only for young students who want to get a Bachelor's |
| available Canadian student loans. Canadian students | | | | degree. Instead, loans for people working to get their |
| who are interested in continue their college studies | | | | master's or doctorate degree are also available. |
| abroad will also be able to qualify for a student loan | | | | Spending some time looking for the right loan for you |
| from their home country. | | | | will be worth your while, since some loans make you |
| How to Get a Loan | | | | eligible for tax breaks in Canada. |
| The Human Resources and Social Development of | | | | Revisions |
| Canada is the government organization in Canada that | | | | Students who have taken out Canadian student loans |
| handles student loans. Each Canadian province also | | | | in order to pay for their college education tend to |
| has its own financial aid office. | | | | spend about fifteen years repaying those loans, but |
| Banks and other financial institutions in Canada also | | | | since each case is unique you might pay off your |
| offer privately funded student loans. If you are | | | | loans in less or more time, depending on extenuating |
| interested in getting your student loan from a private | | | | circumstances. If you have some issue with the terms |
| source, be sure that you understand the details of the | | | | of your student loans, the National Loans Student |
| loan agreement before you sign it. Remember that | | | | Service Centre can work with you to make any |
| private loans tend to be charged higher interest rates | | | | necessary revisions. |
| than most government loans. | | | | People revise their loan agreements for three basic |
| Do Not Give Up | | | | reasons. Some want to pay off a large amount of |
| Some specially designed Canadian student loans have | | | | their total loan in one lump payment so that their |
| especially low interest rates and have been made with | | | | interest rates are lower. Other individuals want to |
| certain groups of students in mind. For example, there | | | | make their monthly payments smaller for a certain |
| are specialized student loans for woman getting their | | | | period of time, while a third group of people want to |
| doctorate, part time students, and disabled students. | | | | permanently lower their monthly payments. |