Studies Canada / USA
North America students (Canadian universities, US ivy league) — Budget: 300K-2000K MAD · Average rate: 5.5%
Studying in North America represents major investment: 300K-2M MAD per university. Public Canada (Université Laval, UdeM): 150-250K MAD/year. Public USA: 250-500K MAD/year. Private USA (Ivy League): 500K-800K MAD/year. Moroccan banks finance via specific international student loans (Cash Amérique at Attijariwafa, BMCE Study USA).
Eligibility
US I-20 or Canadian acceptance letter (CAQ, study permit), SEVIS fee paid (USA), family financial capacity proof (6-month bank statements), solvent parental surety with patrimony (real estate often required). Family income > 15K MAD/month minimum.
Covered schools / trainings
Canadian public universities (Laval, UdeM, Toronto, McGill, UBC). US public universities (UC Berkeley, Michigan, etc.). Ivy League (Harvard, Yale, Princeton, Columbia, Cornell, Brown, Penn, Dartmouth). Recognized American colleges. Some rank-2 schools require additional contribution.
Repayment options
Release by semester or annual (per school). Total study deferral (3-5 years) frequent but capitalized interest. 12-15 year amortization after Morocco return OR USA/Canada refinancing after local job (often lower rate 3-4%).
Numeric example
McGill University Bachelor 4 years: 250K MAD × 4 = 1M MAD + living 600K MAD = 1.6M MAD. Loan 1.2M MAD (family contribution 400K) at 5.5% over 15 years (4-year deferral): monthly 12,500 MAD over 11 years. Return with engineering job 40K/month: 31% ratio. Canadian degree opens +50% salaries vs local.
Practical tips
- Apply for scholarships (Excellence Fulbright, Chevening, AUF) before any loan
- Use USA assistantships (TA/RA) covering 50-80% of fees
- Canada: PGWP allows 3 years work after degree (repay locally)
- Verify AUF / CNOUS eligibility to complete financing
- Co-financing option with foreign family (MRE parent in France): better rate
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