Financing my studies

Starting university with a financial plan in place will leave you free to focus on your studies instead of worrying about your bank account. To develop this plan, you’ll need to take the time to create a personal budget and look for different sources of funding based on your student profile. The Bureau des bourses et de l’aide financière de l’Université Laval can help you with this process.

Read on to learn more about the financial resources available to help you diversify your sources of income and make a realistic plan for your studies. If you already have the resources you need, you can start building a financial cushion for emergencies or save up for a personal project.

Jobs

For all students

Working part-time during the school year and full-time during the summer has many advantages:

  • Gives you financial autonomy
  • Helps you avoid excessive debt
  • Provides valuable work experience
  • Allows you to develop new skills and build a network of contacts
  • Encourages time management and proper scheduling

The Placement Service at Université Laval can help you find a job, whether related to your field of study or not.

Jobs

Scholarships

For all students

Remember that scholarships are different from government loans and bursaries. You may be eligible for a scholarship even if you don’t qualify for the student loans and bursaries program. Scholarships are not awarded exclusively for academic excellence. In fact, there are a multitude of scholarships available, with different eligibility criteria established by the donors.

 

Add scholarships to your favourites!

To optimize your search in the scholarship directory, we recommend the following approach:

  1. Enter your IDUL and password in the Login tab: You will be able to view all the scholarships that match your profile.
  2. Add to your favourites any scholarships you may qualify for during your studies: This will save you time and increase your chances of getting a scholarship.

Scholarchip Directory

Student Financial Assistance (SFA)

For Canadian citizens and permanent residents

Why choose SFA over other funding sources? Because SFA runs the student loans and bursaries program, a great way to get funding that offers many benefits.

Another available loan option is a line of credit, which allows you to borrow a predefined amount. The table below lays out the key differences between these two types of loans.

 

Advantages of student loans and bursaries over a line of credit

Student loans and bursaries Line of credit
Interest rate
  • Set by the government, generally lower than the rates offered by financial institutions
  • Tax-deductible interest throughout the loan repayment period
  • Set by the institution, sometimes variable
  • The interest rate often increases after graduation
Interest during your studies The government pays the interest while you’re studying full time You pay the interest during your studies or have it added to your debt
Application process No credit check Credit check required
Other features
  • Amount determined by the government to meet students’ everyday needs
  • Loans repayable at the end of full-time studies
  • Life insurance may be required during your studies
  • Risk of taking on excessive debt
Other benefits
  • Possibility of qualifying for bursaries that don’t’ have to be repaid at the end of your studies
  • Possibility of receiving a loan remission of 15%
  • Tax-deductible interest throughout the loan repayment period
  • A  deferred payment option that allows you to repay your student debt according to your means if you are in experiencing financial difficulties
The full amount must be repaid after your studies

 

The student loans and bursaries program is very simple and everything is online. It can make a real difference in helping you pay for your education. Confirm your eligibility and complete the online application today to find out how much assistance you can receive based on your situation.

Eligibility Requirements

Sources of funding according to your student profile

The team at Bureau des bourses et de l’aide financière de l’Université Laval offers comprehensive services to help you find funding for your studies. To facilitate your search, we have identified potential funding sources based on your legal status and your level of study.

Explore my funding opportunities