About 2016–2017 loan seasons, the application form provided $2

six billion within the funds to over 490,one hundred thousand complete-day post-supplementary people. The newest group character from Canada Student loan readers remained in keeping with regarding previous many years. Throughout the 2016–2017 financing seasons:

almost all (54%) of complete-big date students with loans was 21 yrs . old or more youthful; 34% was in fact ranging from twenty-two and 30 years old; and twelve% regarding complete-big date individuals was indeed thirty years or more mature;
89% off full-big date pupils was basically single;
people pupils made 59% away from mortgage recipients, if you find yourself men children illustrated 41% away from receiver; and you may
almost one or two-thirds from complete-big date people (65%) were residents out-of Ontario. Youngsters off Alberta (13%) and you may Uk Columbia (10%) made-up the next two highest dimensions of financing recipients. The remaining several% were on the other 7 performing jurisdictions.

Just like the listed in the Table dos, regarding the 2016–2017 financing season how many full-go out Canada Education loan individuals increased of the on the 470 from the earlier season. The typical Canada Student loan matter try $5,318, which is below the amount of $5,507 in the previous loan seasons, since an increased portion of students’ financial need was met of the Canada Beginner Offers.

Where create borrowers visit university?

Regarding the 2016–2017 loan seasons, a lot of education loan users stayed in their home province or territory to pursue article-secondary training. As much as 9% off readers analyzed outside their house state or territory otherwise ran abroad to learn.

Scholar individuals away from large provinces was basically less likely to study outside their property state. Such as, slightly below 5% from recipients out-of Ontario analyzed external their state. In contrast, students out-of faster jurisdictions was more likely to fool around with the Canada Education loan within a business exterior their residence province: 78% out-of scholar consumers out-of Yukon and you may 43% out-of college student individuals off Prince Edward Isle studied exterior their residence jurisdictions.

Nearly eleven,700 Canada Education loan readers, accounting for around dos% of final number of individuals, studied external Canada in the 2016–2017 mortgage seasons. 50 % of such children undertook investigation applications in the usa, due to the fact other half have been subscribed to universities far away.

What forms of establishments create consumers attend?

59% regarding full-big date student borrowers went to college or university;
32% attended school; and you can
9% attended a personal facilities.

These amounts remained almost unchanged regarding previous mortgage 12 months. The common amount borrowed disbursed in the 2016–2017 stayed large certainly one of borrowers likely to a private organization ($7,390) and you will reasonable among university attendees ($cuatro,488).

Another graph portrays a report about full-go out individuals at universities, universities and private schools to possess 2016–2017 additionally the two previous many years.

Just what amount of studies is borrowers enrolled in?

About 2016–2017 mortgage season, very full-day student individuals (60%) was in fact signed up for undergraduate apps https://www.paydayloansindiana.org/, if you’re 35% was basically subscribed to certificate otherwise diploma applications and you may 5% was in fact positives otherwise doctoral college students. Such size are like those people regarding the earlier loan 12 months.

Average financing quantity was in fact higher to possess full-big date college students from inside the applications on master’s top ($7,308) otherwise doctorate top ($8,114), compared to those people at the undergraduate top ($5,237) or in non-studies programs ($5,167).

Service for region-date degree

The majority of the CSLP borrowers is actually complete-go out people, while the confirmed of the amount of finance to possess full-big date students ($dos.six mil) versus you to definitely having part-big date people ($19.2 million).

On 2016–2017 mortgage year, $19.dos million simply-time financing was basically offered to 11,800 youngsters. This signifies a drop off 20% in the property value funds and you can fourteen% from the number of part-day pupils from the earlier in the day seasons. This reduction of money is generally because of the 50% escalation in the worth of non-repayable area-time features.