Step 3 of 5

Find funding for your education

Canada requires you to show you can cover your living costs, but that alone won't pay for everything. Here's how international students fund their studies.

By the end of this step you'll have
  • The proof-of-funds amount saved
  • Scholarships and bursaries applied for
  • A plan for the rest
  1. Find the right program
  2. Apply to schools
  3. 3Find funding
  4. 4Secure your study permit
  5. 5Get ready for Canada

Start with the minimum

Proof of funds, single applicant
$23,448 CAD

The living costs you must show to be eligible for a study permit (applications from September 1, 2026, outside Quebec). Tuition and travel are on top, so you'll need other ways to cover the rest.

Check the current amount on IRCC →

Four ways to fund your studies

Most international students combine several of these.

Pay back: No

Scholarships & bursaries

Scholarships reward academic or community achievement. Bursaries are based on financial need.

Offered by schools, organizations, companies and governments. Competition is high for international students, so start researching early.

Search awards →
Pay back: Yes

Student loans

A private loan, especially common at the graduate level. You repay it plus interest, usually after starting your career.

International students are unable to apply for Canadian government loans like OSAP or StudentAidBC.

Explore loans →
Pay back: Yes

Lines of credit

A loan with more flexible repayment: you're approved for a limit and withdraw only what you need.

Some Canadian banks offer them to international students, and banks in your home country may too.

Compare 5 major Canadian banks →
Pay back: No

Working in Canada

Earn while you study, on or off campus, plus paid co-op, internship and research assistant roles.

Off-campus work is capped at 24 hours a week while classes are in session, with no limit during scheduled breaks.

Work hours rules →
Included with your free account

Thousands of awards on ScholarshipsCanada.com

Every StudyinCanada.com member gets full access to ScholarshipsCanada.com, our sister site for scholarships and bursaries.

Your funding plan, in order

Save the proof-of-funds amount

You need it before you can apply for a study permit.

Search scholarships and bursaries

Start with the schools that interest you, then browse awards from other sources.

Look at co-op, internships and on-campus work

Ask each school's career office what's available.

Add a loan or line of credit if needed

From a Canadian bank or one in your home country.

Ready for the next step?

Before you move on
Step 4 of 5
Secure your study permit

Funds in place? Now apply for the permit that lets you study in Canada.

Continue to step 4
Previous: Step 2 · Apply to schools