Canadian Financial Aid

Student Line of Credit For Professional Students

Many Canadians utilize the Student Line of Credit for Professional Students to fund their studies. These lines of credit are offered by a number of Canadian banks and are open to those studying medicine, dentistry, physiotherapy, pharmacy, etc. The line of credit usually offers the option to defer principal payments until after graduation to allow for residency, etc.

The Student Line of Credit for Professional Students is available from the Royal Bank of Canada, Bank of Montreal, TD Canada Trust, and others. The following links may be helpful:

Canada Student Loan Program

The National University of Ireland, Galway (NUIG), The Royal College of Surgeons in Ireland (RCSI), Royal College of Surgeons in Ireland – Bahrain (RCSI Bahrain), Trinity College Dublin (TCD), University College Cork (UCC), University College Dublin (UCD) and University of Limerick (UL) are considered eligible institutions by the Canadian Ministry of Education. Canadian students may apply for Canadian Federal loans, Provincial loans and Federal grants.

The Canada Student Loans Program (CSLP) offers financial assistance to those students who have been out of high school for four years and do not have parental annual gross income as a factor in determining the amount of their loan. This is important, as many students studying in Ireland have completed a four-year undergraduate bachelor’s degree at the time of entering one of the universities. The usual loan awarded varies by province.

Northwest Territories, Nunavut and Québec do not participate in CSLP directly but offer their own financial assistance programs for students.  The CSLP delivers student financial assistance in partnership with most provinces and territories. These loans are interest-subsidized by the Canadian government while the student is enrolled in school and maintaining satisfactory academic progress, as determined by the individual province. Below you will find a listing of the available funding by Province.

Alberta Student Financial Assistance
Student Aid Alberta helps eligible students meet the basic costs of learning and living so they can achieve their educational goals. When applying, students are considered for loans and grants from both Student Aid Alberta and the CSLP.

British Columbia Student Aid (StudentAidBC)
If you are a resident of British Columbia and planning to attend a school in Ireland, some ways to meet the cost of attendance are through employment income, savings, assets, and support from family.  However, if this is not enough, StudentAidBC may be able to supplement your own financial resources.

B.C. student loans are provided by the provincial government and Canada student loans are provided by the federal government. These loans are managed as a single Canada-B.C. integrated loan at the National Student Loans Service Centre (NSLSC).

Manitoba Student Aid
Manitobans can achieve their educational goals by applying to Manitoba Student Aid for supplemental assistance for their studies. The program provides federal and provincial loans, grants, and bursaries, for studies within Manitoba, out-of-province, and more importantly out-of-country.

Newfoundland and Labrador Student Financial Assistance
The Government of Canada and the Government of Newfoundland and Labrador work together to provide student financial assistance. Both loans and grants are available to help access and pay for your education. With one application students are assessed for both federal and provincial student loans, as well as most student grants.

Northwest Territories Student Financial Assistance (SFA)
The Department of Education, Culture and Employment provides financial assistance to eligible Northwest Territories residents to assist with educational expenses.  Depending on eligibility, SFA may provide assistance ranging from loans to grants.

Nova Scotia Student Assistance
Students from Nova Scotia may apply for both loans and grants through the Student Assistance Office.  Loans are both government of Nova Scotia and the government of Canada.

Ontario Student Assistance Program (OSAP)
OSAP offers both grants and a student loan.  Both the Ontario government and the federal government provide this financial assistance. Through one OSAP application, students have access to a variety of financial aid programs, depending on their circumstances.

Prince Edward Island
Residents of Prince Edward Island, funding for your education may be sourced via the Department of Innovation and Learning’s Student Financial Services.  Bursaries and Grants may also be available.

Québec Student Financial Assistance Programs
Québec does not offer funding to students studying medicine outside the province. However, students entering the Dentistry and Physiotherapy programs may be eligible to apply for financial assistance under the loans and bursaries program. For further information and to determine programs eligibility, Aide financière aux études should be contacted directly.

Saskatchewan Student Loans Program
Students in Saskatchewan may be eligible for student loans offered through the Canada-Saskatchewan Integrated Student Loans Program. This program is delivered jointly by the Government of Canada and Saskatchewan to provide financial assistance that helps students pay for their education and other expenses. The amount of assistance you can receive, including any grants and bursaries, depends on your situation.

For information related to scholarships that may be available, go to Student Awards or Scholarships Canada.