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Loan Assessment- Will a Government Student Loan Cover all my Expenses?

Government student assistance will not cover all of your educational expenses. Assistance under the student loan program is intended to supplement the financial resources available to students through summer jobs, parents, spouses and other sources. Please note that spending guidelines issued by the government are based on a moderate standard of living.

Loan Application - When to Apply

Submit your student assistance application to the appropriate government student assistance authority once you know which institution you will be attending and what your study dates will be. It is best to apply at least 2 to 3 months before the start of classes. Applications for September to April are available online in June each year.

Check with your home province/territory for more information, their respective websites are available on the CanLearn website.

Applying for Student Loans

You apply for student loans through the province/territory where you have last resided once you have decided which school you will be attending and what your study period will be.

If you completed high school fewer than four years ago, your province/territory of residence would be the one where your parents live.

If you completed high school more than four years ago, your province/territory of residence would be the province/territory where you last lived for twelve consecutive months excluding time spent as a full-time student.

You complete a government student assistance application. This application is available online through your provincial/territorial government student assistance website.

If your home province is not BC then you must apply through the Ministry of Education, Financial Assistance Branch, in your home province. Please see our website for contact information.

Loan Application - One Application for Federal/Provincial funding

For most provinces and territories one government student loan application will allow you to be considered for both federal and provincial/territorial funding. For more information visit the Provincial & Territorial Information page on the CanLearn website.

Loan Assessment - How Long It Will Take

Assessment time will vary depending on which province your loans are through. If possible, monitor your student loan assessment on your provincial or territorial student assistance website. Alternatively, phone your provincial or territorial student assistance authority for the latest assessment information. For provincial and territorial contact information check our website.

Loan Appeals - Appealing a Student Loan Decision

You can appeal your student loan assessment by contacting your government student loan provider (e.g. Student Aid BC, Student Aid Alberta, OSAP, etc.). Appeals are considered on a case by case basis and provide the opportunity for students to explain exceptional circumstances that may not have been considered on the student loan application.

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