Studying in Canada can be financially demanding, especially as an international student. For this reason, many aspirants give up their lifelong dream to study abroad and fulfill their academic aspirations.  
Luckily, many Canadian universities and private institutions offer "study abroad loans" and scholarships for international students in Canada. These scholarships, grants, loans, and fellowships can help students aid their finances required to study in an expensive nation like Canada. 
This article explores top scholarships and student loan opportunities for Canadian universities' undergraduate, postgraduate, and doctoral programs. Keep reading on to know more. 
Popular Scholarships for Indian Students Studying in Canada 
Canadian universities offer international students many scholarships based on merit, academic excellence, and financial background. Below are some of the most prestigious and well-known scholarships provided by the top universities in Canada.  
University of Waterloo Scholarships: 
The University of Waterloo scholarships are offered to students pursuing their undergraduate, postgraduate, and doctoral programs. It is a fully funded scholarship awarded to students based on their excellence in their field of study and CO-OP programs.  
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Degree Level: Undergraduate, Postgraduate and Doctoral 
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University: University of Waterloo, Canada  
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Scholarship Funding: Up to $10,000 
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Scholarship Offered By: Institutional funding 
Université de Montréal Scholarships: 
Another noteworthy mention is that this scholarship is available as a tuition fee waiver for aspirants all around the globe. Below are the details: 
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Degree Level: Undergraduate, Postgraduate, and PhD 
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University: Université de Montréal 
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Scholarship Funding: Up to $27,300 every year 
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Scholarship Offered By: Institutional funding 
York University International Student Scholarship: 
Another merit scholarship, this waiver, is offered to students pursuing their higher education from York University in Canada.  
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Degree Level: Undergraduate  
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University: York University, Canada 
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Scholarship Funding: Up to $35,000 each year 
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Scholarship Offered By: Institutional funding 
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Deadline:  
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Fall 2023: February 01, 2023 
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Summer 2023: April 01, 2023 
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Winter 2024: November 01, 2023 
Ontario Graduate Scholarships: 
This scholarship is awarded to graduate students in the Ontario region of Canada. The program offers 22 merit-based scholarships to international and permanent residents of the region. Details are mentioned below.  
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Degree Level: Postgraduate and Doctoral 
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Scholarship Funding: Up to $10,000 
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Scholarship Offered By: Governmental funding 
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Deadline: June 01, 2023 
Scholarships for UG Courses in Canada 
Many scholarships in Canada, whether institutional, governmental, or non-governmental, are exclusively established for undergraduate students currently studying in Canadian universities. Below are the details of some undergraduate scholarships for international students in Canada. 
The Lester B. Pearson International Scholarship Program:  
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Scholarship Offered By: Institutional  
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Institution: University of Toronto 
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Scholarship Funding: Tuition-fee waiver 
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Deadline: Jan 15, 2024 
The University of British Columbia International Leader of Tomorrow Award Scholarship: 
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Scholarship Offered By: Institutional 
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Institution: University of British Columbia 
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Scholarship Funding: Varies upon the financial need of the applicant 
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Deadline: Expired for 2023-24 
Humber College International Entrance Scholarships: 
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Scholarship Offered By: Institutional 
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Institution: Humber College 
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Scholarship Funding: Varies with student merit 
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Deadline: August 18, 2023, for Fall intake 
Scholarships for PG Courses in Canada
A list of scholarships established exclusively for postgraduate programs to aid Indian students planning to study in Canada is given below. 
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Trudeau Foundation Scholarships 
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Ontario Graduate Scholarships (OGS) 
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Quebec Merit Scholarship for Foreign Students 
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Ontario Tech University Graduate Scholarship University of Waterloo International Master's and Doctoral Awards 
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University of Alberta Graduate Excellence Scholarship 
Scholarships in Canada that Are Fully Funded 
Some scholarships benefit students studying in Canada by offering complete funding for tuition, accommodation, or travel expenses. Below are the two most popular fully funded scholarships in Canada for Indian students. 
Vanier Canada Graduate Scholarships (Vanier CGS): The Canadian government offers a prestigious program, helping students with up to $50,000 for doctoral and research programs.  
Banting Postdoctoral Fellowships: This prestigious scholarship is awarded to doctoral students based on merit, with a taxable fellowship stipend of about $70,000 annually. 
MBA Scholarships in Canada 
Several universities and colleges in Canada offer international students an opportunity to study for an MBA in foreign countries with scholarships. Below are the details on MBA scholarship opportunities in Canadian universities.  
Ontario Trillium Scholarship:  
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Scholarship Offered By: Governmental Bodies 
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Scholarship Type: Merit Based  
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Scholarship Amount: CAD 28,961 
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Application Deadline: Variable, based on the university 
Concordia University MBA Entrance Scholarship: 
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Scholarship Offered By: Concordia University, Quebec 
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Scholarship Type: Merit Based  
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Scholarship Amount: CAD 1000-$5000 
Ted Rogers MBA Excellence Entrance Award:  
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Scholarship Amount: Up to $10,000 
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Application Deadline: December 01, 2023 
Universities in Canada That Are Affordable 
Suppose aspirants are still looking for an institutional scholarship based on merit. In that case, they can opt for affordable Canadian universities that have relatively lower tuition fees than the rest of the colleges in Canada. Below is a list of several such colleges.  
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University Of Guelph (Tuition fee ranging from CAD 30,000 to 50,000 per year) 
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Université de Saint-Boniface (Tuition fee ranging from CAD 4,000 to 6,000 per year) 
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Canadian Mennonite University (Tuition fee ranging from CAD 15,000-20,000, including living expenses) 
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Memorial University of Newfoundland (Tuition fee around CAD 20,000 for two semesters) 
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Brandon University (Tuition fee of about CAD 15,000 to 17,000 for undergraduate programs) 
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University of Northern British Columbia (Tuition fee ranging from CAD 3000 to 9000 for postgraduate programs) 
Loan Options for Indian Students in Canada 
International students who plan to study in Canada have various options for financial aid, including student loans. Below are a few options via which an aspirant can aid their finances with the help of education loans for abroad studies.
Education Loans via Indian Banks: Many government and private banks like HDFC, State Bank of India, Punjab National Bank, etc., offer study abroad loans for students who wish to pursue their higher education abroad but do not have enough funds.
Education Loans via Canadian Banks: Besides Indian banks, several Canadian banks also offer student loans to international students to help fund their education. Although the options are narrower than for permanent citizens of the country, it is worthwhile to check for student loans the Canadian government offers. 
Student Loans by International Organizations: Many international organizations and websites like ScholarshipsCanada.com offer student loans and grants to Indian students based on merit and financial background.  
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