The Canada Student Loans Program provides loans and grants to Canadian students who wish to attend a University, College, Trade School, or Vocational School in Canada.

To be eligible for a Canada Student Loan, for further studies, the following criteria has to be satisfied,

1. You mst be a canadian citizen, a permanent resident of Canada or a protected person which may include refugees.
2. You should be able to demonstrate financial need.
3. You should be enrolled for a full course load or a part time course which has to be a degree, diploma, or certificate program at least 12 weeks in length at a recognized educational institution.Your scholastic standard should be above par.
4. You should be able to pass a credit check if you are 22 years of age or older and applying for a Canada loan.
5. For each type of program, students are eligible for student loans for the amount of time it would take to normally take to finish the study and acquire a degree, plus one extension. In other words, if it should usually take five years to complete a Dental degree, a student may receive student loans for five years, plus one additional year.
6. Some provinces may have additional eligibility requirements and documentation. To check whether you can receive a Canadian Student Loan, contact the Provincial or Territorial Student Assistance Office in your province or territory of residence.

Federal student aid is available to pupils who are in search of financial help in order to fund their higher studies. In most of the countries pupils get help regarding the funding of their studies through a separate department which is a part of the department of education that provide assistance to pupils who want to pursue higher studies but do not have enough resources to do so.

 

These departments are one of the largest and most prominent sources of economic help to the pupils in need. They spend a great amount of money each year on making the pupils achieve their dreams. For example in America the department of education spends approximately $80 billion per year for work-study assistance, loans and grants. Apart from this there are several other sources that provide financial assistance and scholarships to pupils in need.