The Government of Canada has made available several grants and loans for both domestic and international students studying in a Canadian university both for full-time and part-time study programmes. It is now left for students to take advantage of the various offers and advance their educational career in Canada.
The full cost of a degree in Canada also includes accommodation and living expenses; it’s important that you budget for these in advance and ensure sufficient savings or funding to support yourself while you complete your degree abroad. You should have around USD $16,538- 21, 874 for tuition fees and living costs while studying.
This is why you will need to apply for a grant so as to help reduce some if not all of this load.
There are many reasons for Canada’s popularity with international postgraduates. It’s not just that Canadian universities are desirably found on the top list of international rankings; the typical cost of studying a Masters in Canadais also cheaper than in many other English-speaking countries.
Scholarships are typically based on merit, while grants and bursaries usually take financial need into consideration as well. Scholarships, grants, and bursaries are types of financial assistance that you don’t have to pay back. Some grants and bursaries are also based on academic achievement, athletic skill, extra-curricular involvement, or special abilities.
There are grants provided by Alberta Student Aid and grants from the Canada Student Loans Program.
Canada Student Grant for Full-time Students
When you apply for a grant, you are automatically assessed for eligibility for loans and grants. To be eligible for the Canada Student Grant for Full-Time Students, you must:
* Apply for student loans, and have $1 of assessed federal financial need.
* You should also be pursuing full-time studies leading to an undergraduate degree, certificate, or diploma in a program that is more than one year in length at a designated school.
* Declare your family size. ( if applicable).
University Canada West (UCW) entrance awards, scholarships, and grants are available to new students applying to a UCW undergraduate or graduate program.
You can receive only ONE award, scholarship or grant, and one continuing student award if eligible. Review the conditions of each option carefully and supply ALL of the required supporting documentation for the grants for which you wish to be considered. A limited number of grant will be available each term.
Awards will be applied to your tuition, at UCW on a prorated basis throughout the duration of the award. In other words, the award will be credited to your tuition each term based on the number of courses in which you register OR as indicated in the specific requirements and conditions of the award.
The value of a grant will not be more than the value of your tuition. The maximum awarded value for transfer students will be prorated based on the number of credits required to complete your degree.
The Government Scholarships Programs offers student grants and loans to full-time and part-time students. Grants and loans help students pay for their post-secondary education. Here is how to apply for these loans;
* apply for grants and loans in one application, directly with your residence location.
* you don’t need to repay grants you receive
* you may be eligible for more than 1 type of grant – when you apply, they will assess your eligibility for all available grants.
Application Requirements for a Canada Student Grants
You could be eligible for a Canada student grant if your application satisfies these requirements:
* Have a financial need.
* Are a full-time student in a qualified program at a designated school.
* Your total family income is less than the income threshold.
Be a permanent resident of a province or territory in which the Canada Student Loans system is offered.
Be studying on a full-time or part-time basis at a recognized university.
Demonstrate financial need. Amounts for Canada Student Loans are calculated using need-based criteria. The amount you can borrow will take into account your economic circumstances and background.
Pass a credit check if you are over 22 and have not previously taken out a Canada Student Loan.
Payment of loan installments in successive years of your program may also depend on your making satisfactory academic progress.
List of federal student grants
Your eligibility for all Canada Student Grants are assessed when you apply with your territory:
* Grant for part-time students with dependents
* Services and Equipment for Students with Permanent Disabilities