Financial Aid for Canadian Students

Canadian Students

Information about Canada’s government-sponsored loans can be found at: http://www.cibc.com, or use the list below to search for financial assistance in Canada:

• Students Financial, PO Box 28000 STN Main, Edmonton, AB T5J 3RA
• Ministry of Advanced Education, Student Services Branch, PO Box 9180 Stn, Prov Govt, Victoria, BC V8W 9H9
• Manitoba Student Aid, 401-1181 Prtage Avenue, Winnipeg MB R3T 0T3
• Department of Education Student Financial Assistance, 548 York Street, Fredericton NB E3B 2R2
• Student Financial Services Division, Dept. of Education, PO Box 8700, St. John’s NL A1B 4J6
• Student Assistance Office, PO Box 2290, Halifax NS B3J 3C8
• Financial Assistance for Nunavut Students, Adult Learning & Post Secondary Service, PO Box 390 Ariviat, Nunavut X0C OEO
• Student Support Branch, Ministry of Training, Colleges & Universities, PO Box 4500, 189 Red River Rd 4th Floor, Thunder Bay ON P7B 6G9
• Student Financial Services, Dept of Education, PO Box 2000, 16 Fitzroy Street, Sullivan Bldg 3rd Floor, Charlottetown PE C1A 7N8
• Service de l’accueil et des renseignements, Aide financière aux etudes, 1035 rue de la Chevrotière, Québec G1R 5A5
• Student Financial Assístance Branch, Saskatchewan Leaning, 4635 Wascana Parkway, Regina SK S4P 3V7
• Department of Education, Government of Yukon, Box 2703, Whitehorse YK Y1A 2C6

CIBC Professional Edge Student Personal Line of Credit

For students studying in the U.S., parents may borrow only what you need; repayment begins at disbursement. Contact http://www.cubc.com.

Bank of Montreal

Offers a Student Line of Credit for Canadian students who are studying outside of Canada. The bank determines the limit on the line of credit based on individual needs. For information, call (800) 655-9665.

Citibank’s CitiAssist Loan

All irnational Students must have a co-signer who is a U.S.citizen or permanent resident. The maximum loan per year is your cost of education for that year minus all other financial aid received for the same period. Total borrowing cannot exceed $220,000.
Variable, Prime Lending Rate plus .25% adjusted quarterly. Repayment begins six months after you graduate or cease to be enrolled at least part-time.Total repayment period cannot exceed 15 years. For more information go to www.citiassist.com

CanHelp Loan

Applicant and co-applicant (if any) must be Canadian citizens. Qualified borrowers may borrow up to $25,000 without a co-signer; up to the cost of attendance without a co-applicant. Lenders offer different rates: Citizens Bank Loans are the Prime Lending Rate plus .50%, Bank of America loans are LIBOR plus 24%. If you have a co-borrower there is an origination fee of 6%, without a co-borrower the origination fee is 7% plus 2% at repayment, but fees may vary by lender. Payments of principal and interest can be differed during enrollment and for six months afterwards. The repayment term is 10-25 years. For more information go to http://www.iefc.com.

Manitoba Association of Optometry

Manitoba residents attending an AOA-accredited optometry school may apply .Four $1,000 CND awards are offered annually; the application deadline is around September 19th each year. For more information contact Dr. Robert Maxin, Manitoba Association of Optometrists, 878-167 Lombard Avenue, Winnipeg, Manitoba R3B 0V3; (204) 943-9811.

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