Federal student loans/canada student loansFederal student loans are interest-free, full-time student loans. The Canadian government will pay the interest on your Canada student loan while you are studying full-time. You must confirm your student status at the end of each Canadian academic year.
Repayment begins six months after you have completed your studies or have stopped being a full-time student. Interest on your loan accrues from the time you stop being a full-time student. If you have a Canada student loan and a provincial loan (with the exception of the Canada-Ontario and Canada-Saskatchewan Integrated Loans), you are required to pay the loans back separately.
Provincial loansIn addition to a federal student loan, you may also be eligible for a full-time student loan from the province or territory where you live. Eligibility for both federal and provincial loans is assessed using a single application form, but each program may have somewhat different requirements. Provincial loans vary by province. For details specific to your province, please contact your student financial assistance office. Please note that residents of Ontario or Saskatchewan will receive only one loan when they apply for federal and provincial student loan funding.
The National Student Loan Service Centre (NSLSC) can provide more information if you are unsure how to proceed.
CanHELP/private loansIn 1998, IEFC developed the Canadian Higher Education Loan Program (CanHELP) to provide funding for Canadian students enrolled abroad. There is no other source from which Canadian students can borrow the full cost of their education in US dollars.
To discover how the CanHELP can help you achieve your international education goals, please visit the CanHELP/Private loans website to see loan terms and conditions, eligible schools and how to order an application. ANU is listed as an eligible CanHELP institution on the website.