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Each province operates their own provincial student loan programs where students can simultaneously apply for both provincial and federal student loans. Federal loans cover 60 percent of a student's assessed need, while provincial loans cover 40 percent. Awarded scholarships from Canadian universities are deducted from the amount of aid given. Online universities are governed by the same student loan programs.
Canadian government student loans are limited to Canadian citizens and permanent residents. Students should check through their provincial Department of Education for specific rules and guidelines.
|Sheri Ann Richerson|