Canadian Student Loan Program
Frequently Asked Questions
Many international students take out student loans to help fund their studies abroad. For Canadian students
studying in the US or US students studying in Canada, we offer international student loans that can help cover up to
the total cost of your education.
Using Our Compare Student Loan Tool
If you are a Canadian or US student, you can use our Loan Comparison Tool to help you compare lenders and
the loan that is best for your overseas program. Simply enter your citizenship and school, and you will be
provided with a list of lenders that will work for you. Use this tool to search, compare, and then find your student loan.
Most Canadian students who apply for an international student loan are required to have a cosigner. US students are
not required to have a cosigner, however it can improve their chances of getting approved and can also lower the
interest rate. Visit our cosigner page to learn more about how to find the right person to cosign your student loan.
Cosigner Required for Most Applicants
The Co-Signer must be a US citizen or permanent resident, with good credit, income history and who has lived
in the USA for the past 2 years. No cosigner loans are available to students at select colleges and
universities. If you do not have a cosigner see if you're eligible for a
no cosigner loan.
What Do Our Student Loans Cover?
Canadian and US students can borrow up to the total cost of attendance, minus any other aid they receive. This sum
must be verified by their school to ensure that the student loan isn’t more than the actual cost of the attendance.
Cost of Attendance, or COA, covers expenses such as tuition, room and board, books, transportation, and other living
Canadian Student Loan Eligibility
In order to be eligible for a student loan, students must be pursuing a degree, certificate, or license at an
eligible school outside their home, whether that's in the United States or in Canada. Non-US citizens are required
to have cosigner and it is recommended that US citizens have a cosigner as well to increase the likelihood of being
approved for a student loan at a more favorable interest rate.
Start your application today, or learn more about the loan programs on the
Loan Details and FAQs pages.