Canadian Student Loan

Canadian students who need help paying for a college or university education may apply for aid through the Ontario Student Assistance Program (OSAP). OSAP offers a mixture of grants and loans.

To be considered for OSAP, you must meet the following requirements (additional qualifications may by required):

  • Be a Canadian citizen, Permanent Resident or Protected Person;
  • Meet Ontario residency requirements;
  • Be enrolled in an approved post secondary institution taking an approved program;
  • Be taking at least 60% of a full course load, or 40% if you have a permanent disability.

Students who complete an OSAP application may be eligible for the Canada-Ontario Integrated Student Loan (COISL). The loan is funded by both the Government of Ontario and the Government of Canada.  The loan is issued through the National Student Loans Service Centre (NSLSC).

For more information, visit the OSAP web site at:

Another loan option for Canadian students is available through Global Education Management Services (GEMS). Visit for loan features, program requirements and how to apply.