As an international student studying outside of Canada, you may be eligible for some form of financial assistance. However, there are strict eligibility criteria that may prevent some students from qualifying.
Financial assistance can come from organizations within or outside of Canada and may include scholarships, grants, and bursaries (which do not have to be repaid), or student loans (which do have to be repaid).
Scholarships and financial aid for immigrants in Canada
There are many different types of scholarships and financial aid available to immigrants in Canada, funded by the government, universities, colleges, private organizations, and individuals.
- Government scholarships and financial aid: The Canadian government offers several scholarships and financial aid programs to immigrants, including the Canada Student Grants Program, the Canada Student Loans Program, and the Provincial and Territorial Nominee Programs.
- University and college scholarships and financial aid: Many universities and colleges in Canada offer scholarships and financial aid programs specifically for immigrants, based on academic achievement, financial need, or other factors.
- Private scholarships and financial aid: There are also a number of private scholarships and financial aid programs available to immigrants in Canada, funded by individuals, foundations, and corporations.
Canada study permit financial requirements
To obtain a Canadian study permit, you must show proof of finances. The minimum requirements for most provinces, except Quebec, are as follows:
- Single student: Tuition plus $10,000 for a 12-month period (or $833/month)
- One accompanying family member: Add $4,000 for a 12-month period (or $333/month)
- Each additional family member: Add $3,000 for a 12-month period per dependent child of any age (or $255/month)
In Quebec, the minimum financial requirements are as follows:
| Age | Cost |
| One person under age 18 | 6,171 |
| One person age 18 or older | 12,341 |
| One person over age 18 and one under age 18 | 16,584 |
| Two persons age 18 or older | 18,098 |
| Two persons over age 18 and one under age 18 | 20,274 |
How to apply for scholarships and financial aid?
To apply for scholarships and financial aid in Canada, you can follow these steps:
- Start your search early. Many scholarships have deadlines several months before the start of the academic year.
- Research your options. There are many different types of scholarships and financial aid available, so it’s important to research your options and find programs that you’re eligible for. You can search for scholarships online or contact your local educational institution for assistance.
- Gather your application materials. Most scholarship applications require you to submit transcripts, letters of recommendation, and a personal statement. Be sure to start gathering these materials early so that you have enough time to complete your applications.
- Complete your applications carefully. Be sure to read the eligibility criteria and application requirements carefully for each program. Tailor your applications to each program and highlight your qualifications.
- Submit your applications on time. Be sure to submit your applications on or before the deadline.
Read more: Student Visa Application
Top scholarships and financial aid programs
- Government scholarships and financial aid programs:
- Canada Student Grants Program
- Canada Student Loans Program
- Provincial and Territorial Nominee Programs (PNPs)
- University and college scholarships and financial aid programs:
- University of Toronto: International Student Scholarship Program
- McGill University: International Student Scholarships
- University of British Columbia: International Student Scholarships
- Humber College: International Student Scholarships
- Seneca College: International Student Scholarships
- Private scholarships and financial aid programs:
- Canadian Bureau for International Education (CBIE): Scholarships for International Students
- World University Service of Canada (WUSC): Scholarships for International Students
- Aga Khan Foundation Canada: International Scholarships
- Pierre Elliott Trudeau Foundation: Fellowships for Doctoral Studies
- Vanier Canada Graduate Scholarships (Vanier CGS)
Scholarships and bursaries for international students
International students have a variety of scholarships and bursary options available to them when studying in Canada. These awards can help to cover the cost of tuition, fees, and living expenses.
Before exploring options in Canada, it is important to research opportunities in your home country. Scholarships are typically awarded based on academic merit or a specific ability, while bursaries are available for students who meet specific financial criteria.
Many organizations and companies offer scholarships and bursaries for international students, even those who have not yet been accepted into a Canadian university or college. You can find these scholarships and bursaries by searching online or by contacting your local educational institution.
Check your university or college’s website for information on entrance scholarships. Many schools offer scholarships for academic achievement and for international students.
Canadian government scholarships
The Canadian government offers financial aid to international students in the form of scholarships and loans. Scholarships are awarded based on academic merit, while loans must be repaid after graduation. International students may not be eligible for all government aid programs, depending on their provincial residency status.
Student loan options for international students
Student loans are a way to borrow money to pay for your education. There are two types of student loans: federal loans and private loans. Federal loans are provided by the government, while private loans are provided by private lenders.
If you are considering taking out a student loan, it is important to only borrow what you need and to be aware of the terms of the loan. Student loans must be repaid, so it is important to choose a loan that you can afford.
