Regarding 2016–2017 financing year, the program given $2

Regarding 2016–2017 financing year, the program given $2

six mil when you look at the funds to over 490,one hundred thousand complete-time article-additional people. The brand Indiana quick cash new group profile of Canada Education loan recipients remained consistent with compared to earlier in the day years. On the 2016–2017 loan 12 months:

  • the vast majority of (54%) from full-time college students having money had been 21 years old or more youthful; 34% was anywhere between twenty-two and you may 29 yrs old; and 12% off complete-time individuals was in fact thirty years otherwise older;
  • 89% off complete-big date children was indeed unmarried;
  • females children made 59% out of financing recipients, when you are male students represented 41% of readers; and you will
  • almost a few-thirds off complete-day pupils (65%) was basically owners off Ontario. People away from Alberta (13%) and you may British Columbia (10%) comprised next several high dimensions of mortgage recipients. The rest twelve% was indeed about most other eight performing jurisdictions.

Because detailed into the Table dos, from the 2016–2017 loan seasons just how many full-date Canada Education loan consumers increased of the throughout the 470 in the prior 12 months. An average Canada Education loan number is actually $5,318, which is less than the degree of $5,507 in the earlier mortgage 12 months, since an elevated part of students’ economic means were met of the Canada Scholar Grants.

Where carry out consumers visit university?

In the 2016–2017 mortgage year, a lot of education loan users stayed in their home state otherwise region to pursue post-additional knowledge. Just as much as nine% off receiver studied outside their house province otherwise territory otherwise went overseas to examine.

Student borrowers out of higher provinces was less likely to data additional their property state. Instance, slightly below 5% from users regarding Ontario learned external the state. Conversely, people of shorter jurisdictions were expected to fool around with the Canada Student loan from the a business additional their residence state: 78% out of college student consumers out-of Yukon and 43% out-of pupil individuals of Prince Edward Island learned additional their house jurisdictions.

Nearly 11,700 Canada Student loan users, accounting for approximately dos% of final number off borrowers, learnt outside Canada about 2016–2017 financing 12 months. 50 % of such youngsters undertook studies software in the united states, as the other half was indeed subscribed to universities far away.

What types of institutions create borrowers attend?

  • 59% of full-date student consumers went to university;
  • 32% went to university; and you can
  • 9% attended a private establishment.

These wide variety stayed about unchanged on the early in the day financing 12 months. The average amount borrowed disbursed in the 2016–2017 always been highest among individuals planning a private establishment ($7,390) and reduced among college or university attendees ($cuatro,488).

Another chart depicts a summary of complete-big date borrowers on universities, universities and private universities to have 2016–2017 plus the a few prior years.

What level of research is actually individuals signed up for?

In the 2016–2017 loan 12 months, most full-go out scholar borrowers (60%) was indeed enrolled in undergraduate applications, whenever you are thirty-five% was signed up for certification otherwise diploma programs and 5% was basically gurus otherwise doctoral youngsters. These types of size resemble the individuals in the previous financing seasons.

Average financing amounts was basically high getting full-go out children when you look at the apps in the master’s level ($eight,308) otherwise doctorate level ($8,114), as compared to people in the student height ($5,237) or in low-knowledge applications ($5,167).

Service to own part-time degree

A lot of CSLP consumers was complete-big date students, as confirmed by quantity of funds to have full-time children ($2.6 mil) compared to the that to own part-date people ($19.2 mil).

From the 2016–2017 loan year, $19.dos million to some extent-big date loans were provided to eleven,800 college students. This means a decline away from 20% in the value of money and you can fourteen% throughout the number of area-big date children about earlier in the day year. It reduced amount of financing is mostly as a result of the 50% rise in the value of non-repayable area-time has.