100 List of Student Loans in Ontario And How To Apply (2023)

Student loans are sums of money given to students designed to help students pay for post-secondary school education and its associated fees such as tuition, books, supplies, and living expenses. It is different from other types of loans because the interest rate can be lower and repayment can be totally deferred while you are still a student.

There are several examples of student loans in the province of Ontario which are under the Canada Student Loan Program some of them include HDFC Bank, State Bank of India, Axis Bank e.t.c.

100 List of Student Loans in Ontario

The province of Ontario takes education very important and student loans are a big part of keeping the citizens of Canada being able to afford an education. The government is a big part of this process as government procured student loans are way better to acquire than private student loans. Below is a list of student loans you can acquire in Ontario;

  1. Axis Bank
  2. State Bank of Canada
  3. HDFC Bank
  4. Union Bank of Canada
  5. Ascent Student Loan
  6. Sallie Mae Private Student Loan
  7. College Ave Loan
  8. SoFi Private Student Loan
  9. Earnest Private Student Loan
  10. CommonBond Private Student Loan
  11. Custom Choice Loan
  12. Education Loan Finance
  13. Funding U Private Student Loan
  14. LendKey Private Student Loan
  15. Ascent Independent Student Loan
  16. Mpower Private Student Loan
  17. ISL Private Student Loan
  18. Advantage Education Student Loan
  19. Stride Funding Income Share Agreement
  20. Ascent Graduate and Health Professions Student Loan
  21. College Ave Graduate Student Loans
  22. Aidvantage Loan
  23. Ascendium student loan
  24. Aspire Resources Incorporated
  25. Corner Stone loans
  26. ESA/EdFinancial
  27. Federal Loan Servicing Canada
  28. H Cann
  29. Granite State Loan Services
  30. Great Lakes Educational Loan Services
  31. Maximus Federal Services
  32. OSLA servicing
  33. MOHELA
  34. Nelnet
  35. Trellis Corporation
  36. VSAC Federal Loans
  37. EdFinancial Services
  38. Federal Perkins Loan
  39. Plus Loan
  40. Stafford Loan
  41. Affinity Plus Federal Credit Union
  42. Ally Bank
  43. Canadian Education Loan
  44. Ontario Education Services
  45. Brazos
  46. Bank of North America
  47. Capital One
  48. ChangEd
  49. Chase
  50. Climb Credit
  51. Cognition Financial Custom Choice
  52. Conduent Education Services
  53. Conext
  54. CordiaGrad Loans
  55. Credible Student Loan Services
  56. Connext
  57. Credit Union Student Choice
  58. Culearn Loan Services
  59. Discover Student Loan
  60. EDvestinU
  61. Fifth Third Bank Loan
  62. Figure Loan Services
  63. First Republic Bank
  64. Funding University
  65. First Mark Services
  66. Givling Services
  67. Great Lakes Loan Services
  68. Heartland ECSI
  69. iHelp Student Loans
  70. Ottawa Student Loan
  71. Laurel Road Services
  72. Lend Key Student Loans
  73. Link Capital Student Loans
  74. Loanable
  75. Loan Gifting Services
  76. MPOWER Loan Services
  77. My Rich Uncle Loan Services
  78. Navient Services
  79. NaviRefi Services
  80. Navy Federal Credit Union
  81. NJCLASS Services
  82. PeduL Loan Services
  83. Pickpocket Services
  84. Prodigy Finance
  85. Purefy services
  86. Raise
  87. SELF Refi
  88. SimpleFi
  89. Splash Financial
  90. SoFi Student Loan Refinancing
  91. Student Loan Hero
  92. Summer Student Loan Tool
  93. SunTrust Loan Services
  94. Thrivent Federal Credit Union
  95. Upromise Bank
  96. Wells Fargo Canada
  97. Vermont Student Assistance Corporation
  98. TD Bank loans
  99. Sixup Loan Services
  100. Federal Credit Union

How to Apply for Student Loans in Ontario

Student loans are great avenues to reduce the financial burden on you, and the application process is also not complex.

To apply for student loans in the province of Ontario, it is important to understand the type of student loan you want to opt for. Student loans are not equal, they can be federal or private.

The federal student loans are the more popular choice as they offer lower interest rates but might not be enough to cover full college costs. Most times students are able to borrow up to $12,500 annually in student Loans and graduate students can borrow up to $20,000 annually.

Applying for federal student loans is quite simple as it does not require a co-sign and you just need to fill out a form called the Free Application for Federal Student Aid (FAFSA).

Colleges and universities use the FAFSA form to determine students eligibility for federal, state, and college-sponsored financial aid, including grants, educational loans, and work-study programs.

What are the pros and cons of student loans in Ontario

Student loans are a vital part of helping students be able to afford college as a college education in Canada can be expensive and not every student gets the advantage of a scholarship. Student loans have helped students for years to be able to afford to go to school but there are some pros and cons to getting student loans which will be stated below;


  • No credit history needed
  • You don’t need a co-signer
  • Lower interest loans than private loans
  • Interest will only begin after college
  • Deferment Option
  • Repayment grace period
  • The repayment option is income-driven.


  • Student loans can be very expensive
  • It means you start your life outside college with debt.

Requirements to Apply for Federal Student Aid

There are some basic eligibility requirements for federal financial aid for Canadian students which includes;

  • You Must demonstrate you need financial aid by showing income taxes proving you can not afford college by yourself
  • You must be a citizen of Canada or a Permanent citizen
  • You must have a valid social security number
  • You must have been enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program
  • You must maintain satisfactory academic progress in college
  • You must sign that you will only use the financial aid for educational purposes
  • Must not have a pending criminal record, all prior records must be cleared before application
  • You must have at least an Ontario Secondary School Diploma.



There are several types of student loans you can get, it can be private student loans or it can be from the government. Government-sponsored student loans are usually better options as they offer lower interest rates and repayments are not at a fixed price but are income-driven.

To apply for a student loan in Ontario, you must be at least 18 years old, you must be a Canadian citizen or immigrant, and must have secured admission to a Canadian university.

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