How to apply for a student loan

how to apply for a student loan

How to apply as a full-time student

Instructions

Below are the steps in applying for B.C. and Canada student loans if you are a full-time student.

  1. 1 Choose the post-secondary school you want to attend, and determine the study period (registration period) for which you need funding.
  2. 2 Check to make sure your school is designated for StudentAid BC funding.
  3. 3 Figure out how much money you need to attend school:

There are several ways you can do this:

(first check that your school is eligible to accept online loan applications) or
  • Request paper/hardcopy applications (The forms will be mailed to you. Refer to the school program codes when completing the paper application form) or
  • Download forms online or
  • Visit the financial aid office at the school you will be attending.
  • 5 Submit your application. You can check your application status online. StudentAid BC will process your application within six weeks and notify you of the outcome.
  • Application deadlines

    The latest you can apply for full-time student

    loans is 6 weeks before your study program ends as long you have provided all the required documentation.

    The earliest you can apply for full-time student loans is when applications for the upcoming program year are made available to the public, usually in early June.

    You do not have to be accepted into your study program before applying for student assistance, but you will not receive any money until your school confirms you are enrolled in full-time studies and your study period has begun.

    What happens after I submit an application?

    After you submit your application for funding, it is assessed. StudentAid BC assesses your financial need considering allowable costs and resources and determines whether or not you will receive funding.

    You will receive a notification of assessment that tells you how much funding you will get. If you applied for assistance for full-time studies you can also check the status of your application online.

    The receive your funding section describes the steps you need to take to use your funding to pay for school.

    If you do not receive funding, you can appeal your assessment .

    Source: studentaidbc.ca

    Category: Credit

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