For many students, loans are a useful way to help cover the costs of post-secondary studies.
All federal, provincial, and territorial governments in Canada offer student loan programs to help offset the costs of post-secondary education. While the idea of taking on the responsibility of a loan may seem daunting, please note that while applying for loans, you are also considered for various provincial/territorial and federal grant programs. The funds provided by grants or bursaries are non-repayable. If you choose not to apply for student loans, you may be passing up the opportunity for this free funding. We therefore encourage you to consider student loan funding for the upcoming academic year if you find yourself in need
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.
New Brunswick Multicultural Council ― Career Pathway Loan Program
The loan is available to immigrants who are looking to have their foreign credentials recognized in Canada. There are many newcomers who are under-employed or employed in a field that is not related to their career outside of Canada.