For many students, loans are a useful way to help cover the costs of post-secondary studies.
In Canada, federal, provincial, and territorial governments offer student loan programs. Private institutions such as banks, trust companies, and credit unions may offer student loan options as well.
It is important to fully review and understand the terms of your loan, whether through the government or a private institution, including repayment terms, before borrowing.
The internet has become the primary source of information on student loans. For Canadian students:
- Government of Canada's website
- Mount Allison Registrar's Office – financial aid
Our financial aid and awards counsellor is also available to discuss your funding options: firstname.lastname@example.org
-NEW- New Brunswick students
The Government of New Brunswick offers two programs to provide tuition relief to New Brunswick students attending publicly funded universities and colleges in New Brunswick:
- Free Tuition Program (FTP) – for annual household income below $60,000
- Tuition Relief for the Middle Class Program (TRMC) – for annual household income above $60,000
A separate application is not necessary. You will be automatically assessed for eligibility in these programs when you apply for New Brunswick student financial assistance.
U.S. Stafford loans
Mount Allison is also able to assist American students in identifying your eligibility to obtain funds from the William D. Ford Federal Direct Loan Program.
Find out more about U.S. student loans from the Registrar’s Office – financial aid.