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Credit or mortgage for education in a University

Apr 8, 2016
1
0
Hello!
I've seen a video of an immigrant on YouTube. He said, that he've taken a special credit(that covered overall cost) to study in a University for bachelor degree(he had only study permit) , now he graduated and live in Canada as a citizen(for quite some time now) and he pays about 200 dollars a month and will do so for 20 years). I didn't find any of this information on the Internet, so, can you help me? Is there really a way to get a credit for 3-4 years of studying? How can I do it?
Thank you for your attention!❤
 

Tri-Cities

Hero Member
Aug 10, 2015
237
12
http://www.esdc.gc.ca/en/student_loans/overview.page

You have to remember though that a lot of ex students have issues to pay back the loan. Sometimes they didn't get a job, don't make enough for a living and paying of a loan.

So taking on a student loan isn't for everyone. In my opinion too many people do not pay enough attention to how reality works - and that usually leads to a huge debt.

I told my kid to NOT study in Canada because of the loan situation. Now she does a paralegal apprenticeship and gets paid and won't have any debt while starting a career.

Good luck!