Student Loans Canada - Invest in Your Future
Finance tuition, books, and living expenses with flexible student loans. Focus on your education, not financial stress.
Education Focus
Designed specifically for students
Flexible Amounts
From $1,000 to $50,000
Grace Periods
Deferred payments while in school
Build Credit
Establish credit history early
Student loans help Canadian students cover the costs of post-secondary education including tuition fees, textbooks, accommodation, transportation, and living expenses. With the rising cost of education in Canada (averaging $6,800/year for undergraduate programs), student loans make higher education accessible to everyone.
Unlike government student loans (OSAP, Quebec student loans, etc.) which have strict eligibility requirements and limited amounts, private student loans through Loan Beaver offer more flexibility, faster funding, and can supplement government aid for students who need additional financing.
What Student Loans Cover
Tuition & Fees
Full or partial tuition costs, registration fees, lab fees, course materials
Books & Supplies
Textbooks, course materials, software, equipment
Living Expenses
Rent, food, utilities, transportation costs
Technology
Laptop, tablet, software subscriptions needed for studies
Student Loan Requirements
- Enrollment: Must be enrolled (or accepted) in accredited Canadian college/university
- Age: At least 18 years old (19 in some provinces)
- Residency: Canadian citizen, permanent resident, or study permit holder
- Bank Account: Active Canadian bank account
- Co-signer: May be required for students without credit history or income
Why Choose Private Student Loans?
- ✓ Supplement government loans when OSAP/provincial aid isn't enough
- ✓ Available for part-time students (government loans often require full-time)
- ✓ Faster approval and funding (24-48 hours vs weeks)
- ✓ Can be used for any education-related expense
- ✓ No mandatory credit counseling or essay requirements
- ✓ International students may qualify with co-signer
What's the difference between government and private student loans?
Government loans (OSAP, Quebec student loans, etc.) offer lower interest rates and more flexible repayment but have strict eligibility requirements and limited amounts. Private student loans have faster approval, higher borrowing limits, and fewer restrictions on how you use the funds. Many students use both.
Do I have to start repaying while I'm still in school?
It depends on the lender. Some private student loans offer in-school deferment or interest-only payments while you're enrolled. Others require full payments immediately. During your application, you can select lenders that offer payment flexibility that matches your situation.
Can I get a student loan with no credit history?
Yes! Most student loans are available to those with no credit history, especially if you have a co-signer (parent or guardian). The co-signer's good credit can help you secure better rates and higher amounts. This is also a great way to build your own credit history.
How much can I borrow for student loans?
Private student loan amounts range from $1,000 to $50,000 per academic year. The amount you qualify for depends on your school's cost of attendance, other financial aid received, credit score (or co-signer's), and lender policies. Many students borrow enough to cover full tuition plus living expenses.
Avg. Undergraduate Tuition:
$6,800/year
Avg. Graduate Tuition:
$7,400/year
Living Expenses:
$15,000/year
Books & Supplies:
$1,000/year
Loan Range:
$1,000 - $50,000/year
Interest Rates:
From 9.99% APR
Repayment Terms:
5 to 15 years
Grace Period:
Up to 6 months post-graduation
- Undergraduate degrees
- Graduate & Master's programs
- Professional certifications
- College & trade schools
- Continuing education
Apply for Your Student Loan
Get approved quickly and focus on what matters - your education.