Welcome to Student Loans Guide
Canadian Student Loans Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Government Student Loans And How To Apply
from:Federal government student loans are usually the first loan option that many students consider when looking for money to continue their educational program. Most students will first, of course, look for the so called "free money" that is provided in the form of scholarships, grants or bursaries or even through businesses that will partially pay for a student to get a degree in return for a commitment of future employment for a contract term.
Government student loans may either be subsidized or unsubsidized. They can be loans such as the Stafford or Perkins, or even loans for parents such as the PLUS loans. Subsidized loans will not have any interest charged from the time the student gets the loan until the grace period after graduation is completed. Therefore if a student borrows $20,000 over 4 years, at graduation he or she will owe $20,000. Unsubsidized student loans will have interest charged while the student is in school, even though he or may or may not choose to pay the interest to decrease the later loan payments. Students may or may not qualify for subsidized loans depending on their resources and their current financial means and needs.
Applying for government student loans is very simple and many applications can be completed from the comfort of your own home using the computer. The first step is to complete a FAFSA or Free Application for Federal Student Aid. You can determine your eligibility for FAFSA online by answering some simple questions and submitting an application. This application will let you know if you need to have parental consent to continue with the application and will also provide you with a set of worksheets that will allow you to determine what amount of government student loans you are eligible to receive. You will then fill out the FAFSA online or print out the forms, complete them and return them to the address provided. You can also create a PIN or personal identification number that will act as your signature on any documents you have to submit. You simply go through the FAFSA and insert the required information, save, then open, double check and make any necessary corrections and submit your application.
After the FAFSA is processed you will receive a SAR or Student Aid Report. This information is available online for government students loans using the same PIN number and website as the FAFSA application. Schools that you have listed on the form will also have access to an electronic copy. Corrections and additions can be made to the processed SAR online by simply using your PIN to access the site.
Canadian Student Loans News
Grad pays off $114k student loan in cash - MSN Money
 Daily Mail | Grad pays off $114k student loan in cash MSN Money By Karen Datko 5 hours ago A Canadian man paid off his $114460 student loan debt in one lump sum -- of cash. That's $111350 US In fact, maybe envy motivated some of the snarky online comments after a photo of the $114460 bank receipt he posted on his ... Canadian man pays off student loan in $114000 cash Canadian law grad pays off $114000 student loan in CASH... and brags by ... Man pays off $114K student loan debt in cash |
Financial aid gets better for students - Gauntlet
Financial aid gets better for students Gauntlet She said this change gives students more flexibility with their funding. "The goal for the change was accessibility, because a lot of students are eligible for funding. The [Canada Student Loans Program] wants to increase the amount of borrowers and ... |
Acadia University gets $2.7M loan for residence - CBC.ca
 Kings County Register/Advertiser | Acadia University gets $2.7M loan for residence CBC.ca The Nova Scotia government has given Acadia University in Wolfville a $2.7 million loan to upgrade a student residence building. Cutten House residence is being renovated to upgrade its layout, plumbing and ventilation. It will also get new washrooms, ... N.S. pumps money into Acadia residence |
Government of Canada Increases Support for Part-Time Students - MarketWatch (press release)
 24 Hours Vancouver | Government of Canada Increases Support for Part-Time Students MarketWatch (press release) The income eligibility thresholds for part-time student loans and grants have been increased so more Canadians can pursue post-secondary education while working. Dr. Kellie Leitch, Parliamentary Secretary to the Honourable Diane Finley, ... More part-time students eligible for loans: Feds Media Advisory/REMINDER: Human Resources and Skills Development Canada |
Charest: Quebec willing to hold talks with protesting students - TheChronicleHerald.ca
 WRAL.com | Charest: Quebec willing to hold talks with protesting students TheChronicleHerald.ca “Let's ask ourselves this question: What concession have the student representatives made? We slowed down (application of the hikes), we improved the loan system, we improved the bursaries system… “We've taken all those steps and we did it in a spirit ... Escalator to the bottom: Quebec students refuse the ride Québec students: ten talking points - The issue is debt, not tuition fees Quebec government says it's ready to talk with students |