Student credit lines and loans - Private institutions
Many students opt for a credit line or loan to finance their MBA studies. The Desautels Faculty of Management is extremely pleased to announce an exclusive partnership with Desjardins, Canada's largest financial cooperative group. Students can apply for a credit line of up to $C 90,000 at a highly preferential rate. This offer consists of a package of financial products and services designed to specifically meet your needs. To learn more, please visit Desjardins’ offer exclusive to MBA students of McGill University’s Desautels Faculty of Management.
International students are also advised to consult the resources available in their home countries. They may also contact McGill's International Student Services (ISS) for more information.
Government loans and bursaries
Many government institutions also provide funding for students pursuing their studies. The Canadian Government offers a variety of programs to help students finance their educaiton. To learn more about student loans and grants, visit the Government of Canada website
To learn more about provincial loan programs visit the McGill's Scholarships & Student Aid site. Quebec students can also learn more by visiting the Quebec website.
Tax credits and RRSP withdrawals
Tuition tax credit
You may be eligible to claim a tuition tax credit; the purpose of the tuition tax credit is to allow students to reduce their income taxes by taking into account tuition fees.
For more information please visit the Canada Revenue Agency website.
Note: Tuition fees paid by an employer on a student's behalf that are not included in income are not eligible for the tuition tax credit.
Education tax credit
Students may be eligible for the Education tax credit.
For more information please visit visit the Canada Revenue Agency website.
RRSP withdrawals
You or your spouse may be eligible to withdraw annual amounts of up to $10,000 from your RRSPs to finance your MBA education. Visit the Lifelong Learning Plan (LLP)
All candidates should consult their tax advisor for further advice on their specific situation.
