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Federal & Provincial Loans

Each Canadian province and territory administers a student loan program. In order to qualify for a Federal or Provincial student loan, students must apply to their home province for funding. To be eligible, applicants must be Canadian Citizens or Permanent Residents. Additionally, applicants must be a resident of a province or territory that issues Canada Student Loans and have lived there for the past 12 consecutive months excluding full-time attendance at a post-secondary institution. All government student loan applications are assessed based on financial need.


New Brunswick
Saskatchewan
Nova Scotia
Alberta
PEI
British Columbia
Newfoundland
Yukon
Ontario
Nunavut - call 1-877-860-0680
Manitoba
Canada Student Loans Program**
Quebec
Northwest Territories


**Students are automatically considered for Canada Student Loans when they apply for a provincial loan.
Students apply for loan funding to the province in which their parents live.

US STAFFORD LOANS

As of July 1, 2010 Mount Allison University is able to assist American students in identifying your eligibility to obtain funds from the William D. Ford Federal Direct Loan Program. Contact financialaid@mta.ca or visit the Department of Education's official site at studentloans.gov for further information.


Bank Loans
While bank loans are a convenient alternative, make sure you investigate the details of applying for and repaying a bank loan before you consider this option.

Other Loan Options
There are many other types of loans that you may qualify for. You may wish to research them thoroughly to find the one that best meets your needs.

Remember to seek the loan with the lowest percentage rate charged for the term of the loan.