SIEC Blogs | Canada | Page - 2

In a notable step toward restoring one of the most important diplomatic and educational relationships globally, Indian External Affairs Minister S. Jaishankar recently held a constructive conversation with Canada's new Foreign Minister Anita Anand. The dialogue, the first of its kind following the recent shift in Canada’s political leadership, is a promising sign of renewed engagement between two countries that have long shared educational, economic, and cultural bonds. With this development, international education community gears up for positive advancement in study in Canada options.

At Study Abroad Loans, a dedicated study abroad consultancy with 30+ years of experience specializing in assisting study abroad aspirants in securing an education loan, we guide families through this crucial aspect of the loan process. In simple terms, a CIBIL score is a three-digit number that depicts the creditworthiness of an individual, most often, the student’s co-applicant (such as a parent or guardian). Since students usually don’t have a financial track record, banks assess the co-applicant’s credit history to decide whether the loan should be approved, how much can be sanctioned, and at what interest rate. In this blog, we’ll take you through what a CIBIL score is, how it impacts your Education Loan application, and what timely steps you need to take to improve your CIBIL score.

Canada has acted as a long-desired gateway for international students to obtain world-class education, cultural diversity, and exciting post-graduate opportunities. As the changes take place in the global economy, some industrial sectors in Canada are booming, which in turn has created huge demand for skilled professionals. Students looking forward to study in Canada need to align their educational goals with these in-demand jobs in Canada, so that they can obtain worthy and secure careers.