Studying abroad is considered a big dream and a dream that is difficult to achieve, mostly because it requires a huge sum of money, not everyone who dreams of going abroad can afford that. Although acquiring further education in Canada is reasonable as compared to some other nations it is still not inexpensive. One needs to have enough funds and evidence to prove that those funds are available anytime they are needed. Let’s know about the financial help or support that one could get to be able to fulfill their dream:
Scholarships & Grants
Getting scholarships is a very good way to earn money for getting educated further. If you have performed well in your previous course or in school then there are great chances for you to get a scholarship or bursaries either in your home country or in Canada. Once you have decided that you wish to study overseas then you should check the special grants or scholarships or similar types of help available in your country and apply to get that to raise funds for your education. However, if you are unable to get that then you must check the same available in Canada. There are many organizations that support the education of bright students through special grants or bursaries, especially if they want to pursue their education abroad. You could also check with the International Council for Canadian Studies for it.
Once you receive the admission offer letter, you should check on the university’s website if scholarships are offered by them to international students or not, if they do then you must apply for that. You might need to submit your credentials for that.
Education Loan
In almost every country student could get education loans to complete their higher studies but not all offer it to study in another country. Thus, you must check if this option is available in your home country or not. If it is available then you ought to apply for it well in advance to get it approved in time. You can get it from banks or other financial firms which offer that. A student loan should only be taken for the amount required for the necessary expenses like tuition fees, accommodation, and other university fees and expenses. It should never be taken for recreation or to live a luxurious life in Canada as you are required to repay it also.
If you need monetary support in Canada then also you have this option available. You need to check which organisations or government bodies which provide study loans to international students in Canada and then apply accordingly.
Government Support
The Canadian government is very supportive of the students who wish to get educated and that is why it has options for them to get aid if it is needed. When you are in Canada and you feel the need to have some monetary help there then you can check the options available for you. The government offers various financial support options like Government of Canada International Scholarships or Student Loan Program for international students.
You can visit the Government of Canada International Scholarships website to check the ones awarded at that time and the process to apply for them. The loan program offers loans on interest similar to the permanent residents but you need to check whether you can avail in the province you are or not as it is not available in every province.