Posts Tagged ‘canada financial aid’

Quebec Student Loans in Canada

November 1st, 2010
Student loans in Quebec

Quebec Student Loans

If you are seeking financial aid to help pay for college, and you are a resident of Quebec, Canada, you need to know about the Quebec student loans and Bursaries Programs that are available through Aide Financiere Aux Etudes. Student loans in Quebec and Bursaries are available for fulltime students and part time students.

To be eligible for a student loan in Quebec students must be attending a secondary school, such as a college or university or a vocational school. The school must be approved by the Ministere de l’Education, du Loisr et du Sport in order to receive funding through this program. It is the opinion of this organization, however, that it is the student’s responsibility to fund their own education, to the best of their abilities before they receive Canada student loans and aid through this program.

When you fill out the application for, which covers student loans in Quebec and bursaries, your situation will be assessed based on the information that you supplied on the application. Additional documentation may be requested, and must be submitted in a timely manner. The assessment looks at the cost of your education, your income, savings, and other sources of college financing that you have or will receive to determine your need for funding.

After this assessment, you will receive a notice that lets you know how much funding you will be receiving. You will also know which portion of that funding comes from Quebec student loans, which must be repaid after you graduate, and which portion comes from bursaries which do not have to be paid back. You will also know how much your monthly payments will be when the loan becomes payable before you ever receive it.

When you do receive your Quebec student aid funds, they are not paid to the school that you are attending. Instead, these funds are deposited directly into your bank account each month in most cases, but they may also be disbursed in full at the beginning of the term.

Other programs that are available through Aide Financiere Aux Etudes include a work/study program, an Allowance for Special Needs Programs for students who are disabled, or those who have a disabled child, the Loan Remission Program, which could allow up to 15% of your student loan debt to be forgiven, and a Deferred Payment Plan Program if you are having difficulties repaying your Quebec student loan in Canada.

As a resident of Quebec, you are not eligible for Canada Student Loans, Canada Access Grants, or Canada Study Grants. All government aid must come through Aide Financiere Aux Etudes if you are a Quebec resident, but you can obtain private funding and Quebec scholarships in Canada as well, and this may be necessary since this program requires you to assume the largest bulk of the responsibility of financing for your college education. You can also check with your college or university for other funding options that may be available to you.

For more information about Quebec student loans, visit Aide Financiere Aux Etudes. You can learn a great deal about other Canada student financial resources to help pay for college through the website as well.

Related Reading for Student Loans in Canada

NSLSC – National Student Loans Service Centre

Canadian Student Loans

Saskatchewan Student Loans in Canada and Financial Aid

October 27th, 2010
Sask student loans

Saskatchewan Student Loans

As a resident of Saskatchewan, Canada, and a current or potential college student, you may be eligible for a great deal of financial aid to help pay for your education. These funds come from Saskatchewan student loans, Canada Student Loans, and other sources that are administered by the Saskatchewan Governments Division of Advanced Education, Employment, and Immigration.

First, you will be filling out one application to apply for numerous bursaries, grants, and loans that are available from the federal government, under the Canada student loans program, and the bursaries, loans, and grants available through Saskatchewan. All of these loans will be administered through the National Student Loans Service Centre, because they will be integrated student loans.

Advanced Education, Employment, and Immigration Division

The Advanced Education, Employment, and Immigration Division administer numerous programs that can help you finance your education. This includes the Graduate Retention Program, which is a tax credit that can give you a rebate of up to $20,000 that you’ve paid towards your college education, after you have graduated, Internship programs and student jobs, The Millennium Scholarship Program, the Millennium Bursary Program, the Provincial Training Allowance, the Saskatchewan Health Bursary Program, the Student Summer Works Program, and of course SASK Student Loans.

Saskatchewan Student Loans Guidelines

Although it is your responsibility to provide funding for your education, and the SASK student loans program is only meant as a supplement, recent changes to the program make it possible for more of your education to be funded through this resource. For example, one change is that if you are a full time student, you can earn as much money as you want or can earn during the time that you are in school, and this will not affect the amount that your eligibile for funding. Those earned funds can be used towards your education or living expenses.

On all Saskatchewan student loans obtained through this program, the interest rate is the prime interest rate at the time that the loan becomes payable. This prevents you from being charged overly high interest rates on your SASK student loans. Another change allows students to own motor vehicles, without the value of the vehicle affecting the aid that they receive.

Through the integrated program with the federal government, you could receive up to $408 per week of study if you are in a one year program or a multiple year program that will result in a certificate, undergraduate degree, or diploma. You can receive the same amount if you are in a graduate program, and you could receive up to $633 per week of study if you are a medical student. There is no guarantee that you will receive the full amounts. This is based on an assessment that includes expenses, as compared to other financial aid resources. If you have dependents, you could receive up to $47 in additional funds for each week of study. Go to: student loans in Canada for more Canadian financial aid. Go to: Saskatchewan student loans for information and programs administered by the Advanced Education, Employment, and Immigration Division of the Government of Saskatchewan.

Related Reading

Nova Scotia Student Loans.

OSAP Ontario.