Canadian looking to study in Australia

[Untitled]

Hey guys,

I got accepted into an Australian Dental School program last year but could not go due to lack of funds.
I'm hoping to apply again but I was wondering if there's anyone who knows ways to fund a dental education abroad?

My situation last year and at the moment: No savings (due to undergrad dues), No financial support from family or friends, no co-signer for bank loan, no scholarship or grants offered by the school for international students, and I'm OSAP eligible but only covers up 10,000 or so.

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[DJI]

Without collateral from your parents (or someone very close to you) the most you will be able to attain from any single bank is $275K in Canada. Now, I've heard (but haven't confirmed the validity) of some Canadian students in my program taking out a loan from Scotia Bank FIRST ($275K) and then taking out a loan from Royal Bank of Canada SECOND (at a secondary loan limit of $150K). That puts you at $425K CAD in total for 4 years plus the maximum of $40K you can pull from OSAP for 4 years as well.

Now I'm not sure if $465K is enough to pay for AUS dental school and living/travel expenses but I know it wouldn't be enough for me, as the total cost of my program and other expenses is estimated to be $548K CAD.

If you inbox me around the start of Sept, I can ask some of the other Canadians in my class who may have gone this route about the validity of drawing double bank loans using other banks prior to RBC.

 

[1070752]

Find a co-signer. That's all the advice I have for you. Also, the limit is $275k, however, if you convince them they can give you more (with a trustworthy co-signer). Or you can go to multiple banks and get several loans.

I'd suggest TD since their interest rate is prime ONLY (2.7%), and interest starts 12 months after you graduate. Main point, FIND a co-signer. OSAP isn't going to cut it. Find a dentist near you (or your dentist), or someone else you trust/has good credit and is stable.

 

[Watzupdoc123]

Hi guys
Seeing u guys are currently attending dental schools abroad and training to be seasoned dentists, could u provide some information about how much it costs u guys annually to continue ur studies. This is such a great opportunity but the finances are quite scary.