Posts Tagged ‘quebec student 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