Is it permissible to apply for a resettlement program in Canada that requires borrowing from a bank with a reduced interest rate to complete one's studies, knowing that other alternatives are unavailable or difficult to achieve?

It is not permissible to borrow with a stipulated increase in the contract, whether small or large, except in a case of necessity where destruction is feared, like the extent of necessity mentioned in Fatwa (definition) no. 32983. The need for university studies is not considered among the necessities that permit borrowing with usury. If there are special circumstances that place a person in the category of one in dire need, then he must consult trustworthy scholars.