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The Canada Student Loan Program (sometimes referred to as the National Student Loan) is administered by National Student Loan Service Centre [6] a part of Human Resources and Social (Skills) Development Canada (HRSDC). Students have the choice of opting for a fixed interest rate of prime interest rate, or a floating interest rate.
The Ontario Student Assistance Program (OSAP) (French: Régime d'aide financière aux étudiantes et étudiants de l'Ontario (RAFEO)) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a student is eligible to receive by ...
[11] [12] In the summer of 2017, Mpower Financing began working with credit reporting agency Nova Credit to simplify the application and underwriting process for international applicants. [13] In 2018, Mpower launched its Canadian international student loan program at 12 universities across Ontario and British Columbia. [14]
When the Friendly Relations with Overseas Students was founded, there were 6,000 international students in Canada; by 2017 there were 494,525 international students in Canada, with 370,710 studying in higher education; [7] in 2018, this number has almost doubled to about 721,000 international students. [8]
The Undergraduates of Canadian Research Intensive Universities, formed in 2015, represents undergraduate students at universities that are a part of the U15. [15] Advocacy priorities for the organization include indigenous students, international students, the Canada Student Loan Program, and undergraduate research funding. [16]
On January 11, 2013, Minister Diane Finley announced that a hard drive containing information of 583,000 student loan borrowers had been lost from a Canada Student Loans Program (CSLP)/HRSDC office in Gatineau, Quebec. [4] Borrowers who registered a loan between 2000 and 2006 were potentially affected.
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