hello
i am going to study a bachelors degree in canada. i wanted to know whether an international student also gets study loans in canada or not. i heard about OSAP but i think it is only for canadian citizens. i am an indian citizen so please advise me whether i can get study loans or not.

thanks

Thyagarajan

did i post anything difficult. please help me reg this.

thanks

Raja,
What you posted is not difficult but you would have found the answer yourself if you just browsed the Immigration Canada Website as well as university's website.
Student loans are only for Canadian Citizens and PR's. As a foreign student you will not be eligible to get that.
OTOH, You will have to go to the website of the university that you are enrolled in and see if you are eligible for any bursary/scholarship (as a foreign student from India). Also there might be scholarships available only for Indian foreign students available in the university that you are enrolled in. You will be eligible to apply for that. Also check the Indian embassy website of Canada to see if they offer any scholarships to Indian students studying in Canada.
You are eligible to work for no. of hours as specified by Immigration Canada and you can work illegally for any no. of hours within/outside Campus to generate extra income. A good source would be coffee shops, restaurants and businesses outside your campus.
Hope this helps.
TK A
Sidenote : As i am allowed only 2 posts per day, i am replying to another question of yours in this post.
This is peak summer. You still have 3-4 more months for the real cold. You can buy a jerkin in Canada (2 nd hand) and long johns (from chennai- They cost Rs. 122 - 2 piece). A 2 nd. Hand jerkin in Canada will be around $10. A brand new one is $35 to $120 depending on the quality. As a student , pls. try to conserve money.
Credit cards are convenient to buy stuff but it may make you shop a lot more than required. Debit cards are a waste as you may have to pay tranaction fees. Money/ cash is more better. Withdraw an amount for a month and try to be within that budget.
In Canada, you get everything 2 nd. hand . At York University, There is often student used goods sale by the students. Try to use that facility (if you want to save money). Also Garage sales can be found on the streets in sat. and sundays outside the campus. Garage sales occur till end oct. when the cold slowly settles in.
Sidenote 2 : raja-> The banks in Canada give you loans only if you are a Canadian Citizen or a PR. OTOH, Banks in India give loans against surety if you want study abroad. Use that option.

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I am a Gents and not a Ladies.

thanks for the reply TK saab. what about the canadian banks...do they give study loans to intl students mayb after studying one year..???

Trj

Not easy but you can sure try.

TK saab,
the study loans that indian banks give charge a lot of interest hence very high repayments per month. i think canadian banks have low interest rate. Generally,how do the intl students manage the tution fees and living expenses? by working or do they get any grants or something. i m sure that every1 doesnt get scholarship. and sir, do you noe any intl student taking a study loan from a canadian bank? if so, then kindly tell me the bank.

as far as i noe intl students can work off campus frm now but only after 1 year of study. u mentioned that students work off campus.. do many students really do that??? do the immigration people allow, but first of all are they able to find jobs???

thanks sir for your time.

Trj

Raja,

I guess you have not mastered the currency difference. One Canadian Dollar is equals approx Rs.40 so if interest here is around 6-8% depending on different banks and your scenario...in India it can not be 40 times of here. In India you can get the same around 7-10%. Indian currency down the road is bound to appreciate so when your time comes to repay from your earning of Canadian dollar (if you decide to work here) or even if you go back (salary levels are bound to go up ) your repayment will be much cheaper comparetively.

Secondly, if you take floating rate you will end up paying less when economy of both countries go from ups n down. Interest flow up n down depending on the economic cycles.

dont buy dollars if you think you will be go to earn in India. and even if you decide to stay here..your transfers will earn you money...depending on Canadian dollar situation.

talk to more people take your judgement and make the wise decision.

have a great time..