Can international students get loans in Canada?

Funding options for studying in Canada

Universities in Canada enjoy an outstanding reputation worldwide. Studying in Canada, whether it's a bachelor's / master's degree or a semester abroad, not only enhances the résumé, but also offers many other advantages. However, studying at a Canadian university or college has its price. The tuition fees for international students are unfortunately very high and the cost of living, for example for food and accommodation, also has an impact. However, this is no reason to give up your dream because there are various financing options for studying in Canada. We'll give you one at this point helpful overview about the different options.

Funding for a semester abroad in Canada

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How do I pay tuition and living expenses? Fortunately, there are several ways to finance a degree in Canada!

Especially for those who only ffor one or two semesters If you want to study in Canada as part of a study abroad program, there are many financing options:

Foreign BAföG

Probably most frequently used form of financing represents a funding of the semester abroad in Canada by Auslands-BAföG. In fact, the The chances of such funding are very good. Because even those who are not entitled to BAföG in Germany can still receive financial support. The assessment limits for the foreign BAföG are higher than for the domestic BAföG. You should therefore make a corresponding application in any case. Anyone who is entitled to foreign BAföG funding will receive it the following services:

  • Grant to the Stuition fees of up to EUR 4,600 for a maximum of one year of study in Canada
  • Travel allowance for a return flight of a total of EUR 1,000
  • Monthly Basic requirement of a maximum of EUR 649 and monthly foreign surcharge for Canada (changes every six months)
  • Contribution to the German Healthcare of a maximum of EUR 86 as well as international health insurance for studying in Canada

This is responsible for the BAföG abroad for Canada Thuringia Student Union.


Another funding option for studying in Canada is through scholarships. The good thing about scholarships is that you can get them don't have to pay back and they are usually problem-free combine with BAföG abroad to let. From companies to organizations to gifted scholarships or foundations: There are many scholarship providers who help students financially in the realization of their semester abroad. Most of the scholarships can be found in the Scholarship Guide, the scholarship database of the Federal Ministry of Education and Research. Among other things there are The following full and partial scholarships for a semester abroad in Canada:

  • DAAD: The German Academic Exchange Service awards, for example, the so-called PROMOS scholarship, which can be used to finance one or two semesters abroad in Canada. The DAAD also awards subject-specific scholarships. You can search for a suitable scholarship in the DAAD scholarship database.
  • College Contact Scholarships: College Contact Awards five partial scholarships of 1,000 euros each per semester to semester students in various fields. The prerequisite is that you apply to a Canadian partner university of College Contact and that you convince with your professional and personal motivation.
  • Canadian University Scholarships: The Canadian universities themselves also award full or partial scholarships to international visiting students. You can research whether a College Contact partner university offers such a scholarship in the College Contact scholarship database.

Student Loans

A student loan may also be an option to finance the semester in Canada. A student loan is also suitable for topping up a partial scholarship or BAföG abroad. It is important that Compare offers of the credit institutions with each other and above all to pay attention to a favorable interest rate and flexible repayment modalities.

For special subjects, such as business administration or law, also come Education fund in question.


The Study Permit allows you during your semester abroad up to 20 hours a week to work on campus (for example in the library or in the cafeteria). You can also work full-time during the semester break. You don't need an extra work permit for this. However, you need one Social Insurance Number (SIN), which you can apply for locally at a Service Canada Office.

Working alongside your semester abroad is not only a good opportunity to top up your BAföG or a scholarship, it is also a great opportunity to immerse yourself even deeper in Canadian culture.

Financing options for a full degree in Canada

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Thorough research for a full or partial scholarship could pay off!

Unfortunately, the possibility of financing through BAföG abroad does not apply to a full degree in Canada, as a full degree can only be funded within Europe. Nonetheless, there is also a full degree in Canada various financing options:


German scholarship providers for a full degree in Canada are unfortunately rather few and far between. A thorough one Research in the scholarship guide database after full or at least partial scholarships may still be worthwhile. The DAAD also seldom awards grants for studies completed entirely in Canada. Mention should be made here of the scholarship for an LL.M. degree abroad.

If it is a full course, then it is mainly the Canadian universities that give scholarships to international students. It's best to look directly here on the website of your chosen university to. The prerequisites vary, but the scholarships are often performance-related and / or aimed at applicants in certain fields. By the way, Canadian partner universities of College Contact also offer scholarships for international students from time to time.

Also the Canadian Government and Canadian Organizations and Foundations, such as the Trudeau Foundation, regularly offer scholarships specifically for international students who want to study or do research in Canada. You can find out which scholarships are currently advertised on the corresponding website of the Government of Canada.

Student Loans

Due to the long duration of a full degree, you should only consider taking out a student loan if all other financing options for studying in Canada are out of the question for you. Find out more about the interest rates and the repayment modalities at the banks and compare the offers with each other.

Anyone planning to do an MBA or LLM in Canada should find out about the Possibility of an education fund to inform. Here the repayment modalities are much more moderate than with a "classic" student loan.


With the Study Permit, international students who complete a full degree in Canada have the option of both on campus and also outside the campus area to work. For that they need no extra work permit, but must first obtain a social security number (Social Insurance Number) apply. Since the study performance should not suffer from the part-time job, the number of working hours is limited to 20 during the semester. During the semester break there is the possibility of working full-time.