From the 2016–2017 financing seasons, the application considering $dos

From the 2016–2017 financing seasons, the application considering $dos

6 billion into the financing to around 490,100 full-time post-second youngsters. The fresh group profile off Canada Student loan receiver remained in line with regarding prior age. From the 2016–2017 mortgage year:

  • the vast majority of (54%) regarding full-time college students with fund was 21 yrs . old otherwise more youthful; 34% was in fact between 22 and you can 29 yrs . old; and you can a dozen% of full-big date individuals was in fact 3 decades or more mature;
  • 89% of full-big date people were single;
  • females college students made-up 59% out-of loan users, if you’re men students illustrated 41% out of users; and you may
  • almost a few-thirds off full-time people (65%) were residents regarding Ontario. People out-of Alberta (13%) and you may British Columbia (10%) made the second one or two high proportions of loan readers. The remaining a dozen% was regarding the other eight acting jurisdictions.

As the noted inside the Dining table 2, about 2016–2017 loan season what number of complete-time Canada Student loan borrowers enhanced by the regarding 470 throughout the early in the day 12 months. The average Canada Student loan amount was $5,318, which is below the degree of $5,507 in the previous loan season, as the an increased portion of students’ monetary needs were met from the Canada Scholar Grants.

In which manage borrowers check out university?

Regarding 2016–2017 mortgage year, a good many student loan readers stayed in their home state otherwise territory to pursue blog post-supplementary studies. As much as nine% out-of users read exterior their property state otherwise region or ran abroad to analyze.

Beginner consumers out-of higher provinces had been less inclined to study exterior their property state. Læs resten