Funding Options

There are a variety of funding options available from government as well as private financial institutions—from student grants to loans to lines of credit—all designed to help you reach your post-secondary educational goals.

Explore all your options to take advantage of financial assistance that may be available to you.

Canada Student Grants

Grants are for students from low- and middle-income families, students enrolled in full- and part-time studies, students with dependants or disabilities and trades apprentices.

Learn more about grants

Canada Student Loans

If you need to borrow money to pay for school, the Government of Canada offers Canada Student Loans to help students pay for post-secondary education.

Learn more about student loans

Scholarships and bursaries

Scholarships and bursaries are awarded based on everything from financial need to academic merit. You are not required to pay these back.

Learn more about scholarships and bursaries

Registered Education Savings Plan

A Registered Education Savings Plan (RESP) is an interest-free savings account that anyone can set up to help a student pay for post-secondary education.

Learn more about RESPs

Skills Link program

The Skills Link program is a component of the Government of Canada's Youth Employment Strategy (YES) which helps youth overcome barriers to employment and develop a broad range of skills and knowledge in order to participate in the current and future labour market.

Learn more about Skills Link

Lifelong Learning Plan

If you have a Registered Retirement Savings Plan (RRSP), you can use the Lifelong Learning Plan (LLP) to finance full-time training or education for you or your spouse/common-law partner.

Learn more about the LLP

Financial assistance for reservists

If you are a reservist in the Canadian Forces and a full-time post-secondary student, you will not be charged interest or have to start paying back your student loan while you are serving in designated operations, even if they last more than six months.

Learn more about financial assistance for reservists

Financial assistance for protected persons

Protected persons (people who fear persecution in their country of origin) can access the same loans and grants as a Canadian citizen or permanent resident to attend a designated educational institution in Canada.

Learn more about financial assistance for protected persons

Student line of credit

A student line of credit is a borrowing option for students to pay for post-secondary tuition and related expenses. Contact your financial institution for more information.