Advantages of Loans for Part-Time Studies

The Loans Program for Part-Time Studies enables you to pursue part-time secondary school level vocational training, college or university studies when you do not have the financial resources.

If you are eligible, you will receive a loan that you will have to repay at the end of your studies. If you have dependent children, the maximum income that makes you eligible for a loan will be increased to take into account your family responsibilities.

During your part-time studies:

• You do not repay any amount related to your loan.
• The government pays the interest on your loan for you.
• You may apply for a loan every year, as long as you are eligible for the Program.
• In some cases, you can interrupt your studies without having to repay your loan during this period.

Note

During your part-time studies, you must repay your loan obtained under the Loans and Bursaries program for full-time studies.

After your part-time studies:

• You will automatically have 6 months before you start repaying your loan. During this period, you can pay the interest or add it to your loan.
• You benefit from an interest rate offered by the government, which is one of the most advantageous on the market.
• You are entitled to a non-refundable tax credit (tax reduction) for the interest you pay on your loan.