Securing an education loan generally requires proof of admission to a recognized Canadian institution, such as a university, college, or vocational school. Most lenders also assess the academic history of the applicant, the selected course's credibility, and the employability potential after course completion. Some institutions may require a co-applicant, such as a parent or guardian, especially if the applicant does not have a regular income or sufficient collateral to offer. The role of a co-applicant is crucial in assuring the lender of repayment capabilities.