Set yourself up for success
Tuition, books, rent—have you thought about how you're going to cover all your school expenses? Learn how our solutions can finance your education so you can focus on your studies.
There are numerous grants available at the college or university level to reward academic excellence, athletic achievement, and more. Check your school's website to see what's available. If you're eligible, be sure to apply—grants are a great way to finance your education without going into debt.
Are you interested in the world of finance?
Learn about National Bank's scholarships.
In Canada, postsecondary students can benefit from federal and provincial student loans and grants.
Students in Quebec who lack the financial resources to pursue full-time vocational training or post-secondary education can take advantage of the Quebec Loans and Bursaries Program.
As long as you're a full-time student, you won't accrue interest or have to make loan payments. When you finish your studies, you'll enjoy flexible repayment terms. For the first six months, you'll only have to pay interest, which you can claim for a tax credit.
For more information on this special COVID-19 support measure, visit the Québec.ca website and our Frequently Asked Questions.
If you're not eligible for government assistance, or need additional funds, consider a Student Line of Credit. Your credit limit depends on your tuition fees and level of studies. While you're a student, you'll only pay monthly interest fees.
You'll start repaying the loan when you take on a full-time job or 12 months after the end of your full-time studies.1
Do you have a Registered Education Savings Plan (RESP) in your name? You can start cashing it in as soon as you enroll in an eligible postsecondary program.
Read on to find out how.
Thinking of going back to school? You can use your RRSP to finance your studies. Transfer funds from your RRSP to a Lifelong Learning Plan (LLP) to fund your education without taking a tax hit.
You can borrow up to $20,000 from your RRSP over a four-year period (maximum of $10,000 per year). The amount borrowed can be repaid over 10 years.
Unlike a line of credit, a personal loan is repaid in regular instalments over a fixed period.
Choose a fixed-rate loan to simplify your finances or a variable-rate loan to take advantage of lower interest rates.
Several repayment periods are available, and you can pay your loan off faster without a penalty.
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