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Empowering International Talent to Achieve Their Dreams
In Partnership with Passage Education Finance

We don’t just offer loans — we provide a pathway to success through hands-on support and career readiness initiatives that empower students to achieve their dreams.

Our Vision

At Nexar, we envision a world where financial barriers no longer limit the potential of deserving students seeking to study abroad. We believe that talent knows no boundaries, and education should be within reach for those ready to make a difference in the world.

Our Mission

Our mission is simple: to make financing accessible for ambitious students from diverse backgrounds, enabling them to pursue job-aligned education programs that lead to prosperous careers and long-term success in Canada. By shifting the focus from serving only the wealthiest families to supporting the most deserving individuals, we are creating opportunities for global talent to thrive.

How Nexar Loans Work

What We Cover

  • Full tuition fees for eligible programs.
  • Living costs up to $20,635 for the first year.

Flexible Options

  • Students can choose tuition-only loans or comprehensive packages covering both tuition and living expenses.
  • No penalties for early repayment, giving students flexibility and control.

Repayment Terms

  • Master’s Programs: 5-year repayment term.
  • College Programs: 7-year repayment term. Repayments begin one month after the program starts.

Interest Rate

Fixed at 11.95% APR, ensuring stability throughout the loan term.

Who Can Apply?

We serve both onshore students already in Canada and offshore students from around the world. However, due to financial and regulatory restrictions, Nexar loans are currently not available in certain countries. Check our website for the latest list of supported regions.

What Programs Does Nexar Support?

Nexar partners with institutions offering 1- to 2-year diploma, certificate, and postgraduate programs in high-demand fields. We focus on programs that address Canada’s labor shortages to ensure students are well-positioned for success.

Eligible fields include:

  1. Healthcare
  2. STEM
  3. Skilled Trades

We also collaborate with educational agents to help more students afford tuition and living costs, reducing churn after LOAs (Letters of Acceptance) and improving study permit approval rates.

Why Choose NEXAR Education?
  • Career-Aligned Programs

    We finance education programs in high-demand fields like healthcare,
    STEM, and skilled trades to maximize students' job prospects.

  • Holistic Support

    From resume revamps and interview prep to networking tips, we help
    students navigate their journey to employment.

  • Visa-Ready Financing

    Our loans cover tuition and living costs, with a verifiable letter
    of financial support that strengthens students’ study permit applications.

Supporting Agents to Expand Opportunities

For education agents, Nexar provides a unique advantage by increasing conversion rates for students who might otherwise drop out due to financial constraints. Our financing solutions allow agents to:

  1. Target new markets, including healthcare and skilled trades students.
  2. Prevent student churn after LOAs by offering financial support.
  3. Strengthen study permit applications with verifiable proof of funds.

FAQs

Nexar fully refunds the student’s cash collateral upon showing proof of study permit rejection.

While loan agreements are fixed once signed, Nexar handles requests on a case-by-case basis for students facing genuine hardship.

We provide a detailed Letter of Financial Support, showing that tuition and living costs are covered. This gives students a strong, verifiable proof of funds for their study permit application.

Nexar requires students to contribute 25% of the total loan amount as cash collateral. This amount ensures both the student’s commitment and the sustainability of our lending model.

Payments are facilitated through trusted providers like Flywire to ensure secure cross-border transactions.