A Canadian University education can get expensive. Universities in Canada charge different rates for their tuition, for example a Queen’s, or Western education is likely to set you back considerably more than a Ryerson University one would. Moreover, traditionally Quebec has the lowest University tuition compared to the rest of the country. Nevertheless, unless your parents have been saving up for your education or you have a wealthy inheritance get ready to ask for some help in financing your education.
The Government of Canada offers numerous forms of Financial Assistance. Two primary avenues of assistance are Canada Students Loans and Canada Student Grants.
Canada Student Loan: In simple terms this is money that you pay back
Canada Student Grant: Money you do not need to pay back