A lot of funded programs work for people who are already Canadian citizens or permanent residents. But what about the people who are on a study visa? Do they get a loan? The simple answer is NO!

This is because to move forward with the loan process, you need to have some solid documentation from your side and the first documentation is that you need to be a resident of the country. Once you become a temporary resident of Canada, you will automatically become eligible for student and other loans. Here are 3 ways to finance your studies in Canada.

1. Students Loans

If you are an international student, then you must go for student loans in Canada. The main types of student loans that Canada offers to students are:

Bad Credit Loans in Canada

Nowadays, it’s easy to get a personal loan for bad credit in Canada. Students consider this kind of loan when they need quick money with a bad credit score or no credit score at all. These are short-term loans that require no credit check and can be paid in less than 24 hours. Here is how can you finance your studies through a bad credit loan when living in Canada:

  • Fill out the application form online
  • Click submit
  • Get instant approval
  • Get cash in 24 hours

Federal Student Loans

The number of federal student loans depends entirely on your province, family income, living expenses, and other such factors.

Private Student Loans

To be eligible for private student loans, there should be someone willing to take responsibility. This will be someone who will repay the loan in case you fail to do so.

2. Scholarship to Study in Canada

There are adequate scholarships that are funded by the Government of Canada. Canada is mainly known for these scholarships, which are highly sought after by both national and international students. The scholarship options are:

  • Financial scholarship
  • University scholarship
  • Merit-based scholarship
  • Privately funded scholarship
  • Government funded scholarship

3. Part-time Jobs in Canada

It is one of the most common ways that students choose in Canada. Canada allows you to work 20 hours a week for part-time jobs. Canada has a range of part-time jobs to assist students who struggle with their finances.

Living and studying in a country other than the one where you were born is a whole different experience altogether. It makes you learn the management of expenses and become self-sufficient. You can use the above-mentioned ways to finance your studies.