Really not sure what is the benchmark that Bank follows but while applying for a student loan at SBI, I got know that they follow the ranking as per webometrices.info . In Banks like ICICI, AXIS and HDFC, collateral free loan amount depends on the reputation of the university. Top universities like UBC, UoT can get collateral free loan upto 40 Lakhs, universities like uVic upto 20 lakh, but when I checked for Ryerson it was only 7.5 lakh. Maybe the amount depends on something like top 10 universities will get upto 40lakh, top 10-20 upto 20 lakhs and rest 7.5 lakhs. In Axis bank even the program name should be available in their list and the program which I finalized was not listed so they denied the collateral free loan. Also, These banks with provide loan mostly on STEM and MBA programs. Above info is purely based on my experience.Any specific reason for no student loan for St. Mary?