In Canada there are two types of government student loan programs:
You only need to apply online through your province of permanent residency to be considered for both types of loans, regardless if you are a full or part-time student. This also applies to students who are studying out of province. (Note: NU, NT and QC are not part of the Canada Student Financial Assistance Program but do offer their own loan funding programs for in-province and out-of-province students).
Make sure you apply online two months before the start of your school term. Once you have applied, check your student loan status online if you have not heard from your province within 4 weeks of your submission date.
Student loans in Canada are processed through an online portal system or by a paper form sent directly to the university’s Student Accounts Office for completion. When allowed, the university will deduct from the student loan any amount owing to the university (with the exception of part-time student loans, as their Certificate of Eligibility must be completed at the Student Accounts Office in person with the student).
Within 2 weeks, the amount deducted from the student loan will be sent to the university and any remaining funds will be deposited into your personal bank account. Make sure your provincial student aid office has your updated personal banking information.
After the first installment has been disbursed to the university, some provinces may require additional forms to be completed and returned before a second installment will be made available. To maintain an interest-free status on a student loan, ensure all previous financial lenders are informed of your full-time registration status.
Note: A change in registration can result in a change in your student account balance. Make sure you’re fully registered before the start of each term and your student account balance is paid in full by the term due date to avoid late fees and interest charges.
Check your student account balance through Dal Online or by contacting the Student Accounts Office.
First time student loan borrowers must setup an online account through the National Student Loans Service Center (NSLSC) as well as complete the Master Student Financial Assistance Agreement (MSFAA). Visit NSLSC for more information.
Returning students who had a previous student loan and who wish to remain interest free on those loans must let all previous financial lenders know they are back in school. Visit NSLSC for more information on how to maintain your student loan.
Click here for a complete overview of the Canada Student Financial Assistance Program.
NSLSC is also on Twitter @NSLSC and have their own YouTube Channel
Recorded Orientation Webinar
The National Student Loan Service Center (NSLSC) offers a student loan orientation webinar. This recorded presentation will introduce you to the world of student loans. It goes through the process and explains what is expected of the student at each stage of the loan life cycle. They will introduce you to the idea of repayment but will focus more on what happens throughout the school year. They will go through the roles of the NSLSC and the province as well as provide you with some hints of how to be financially successful during and after school.
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King’s is recognized as a participant by the US Department of Education Direct Loans Program. Our US Department of Education Code is 00950100 or G09501, depending on the requested fields. King’s is also recognized by some private loan agencies. Applicants must ensure they maintain satisfactory academic progress requirements in order to receive US financial assistance.
If you’re an American student, you can apply for your Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. When applying to King’s, you must ensure you specify the University of King’s College school code noted above on the application. This will generate an electronic Student Aid Report (SAR).
Visit www.studentloans.gov to first view your documents. You must also complete your Entrance Counselling if you are a first time borrower, then sign your Master Promissory Note (MPN), and/or complete the PLUS loan process.
The university will then receive an electronic copy of your SAR and MPN through the US Department of Educations direct loan systems. The university will process the loan and submit it back to the Department for final completion. The university will notify you of your loan amount and all loan payments will be posted directly to your account. Make sure your student account is paid by the tuition and fee due dates.
Please note: US Federal law prohibits the distribution of federal pell grants at foreign institutions.
Students receiving US financial aid will be evaluated for satisfactory academic progress at the end of their first year of study then, after each term. Students must be registered in at least 7.5 credit hours in each academic term for which they are receiving aid. Non-credit courses will not be counted in assessing full-time hours.
Students must maintain a cumulative GPA of 2.0. If the cumulative GPA drops below 2.0, the student will be placed on US Financial Aid Probation. While on probation, the student must obtain a term GPA of 2.0 or higher to continue to be eligible for US financial aid. The student will remain on probation until the cumulative GPA is 2.0 or higher. If the student does not meet the required term GPA, they will be placed on US Financial Aid Suspension. Students placed on suspension will not be eligible for aid until they receive a term GPA of 2.0 or higher.
Students are entitled to receive U.S. financial aid for 150% of the allocated program time frame:
Students who have their eligibility for US Financial Aid suspended may appeal the suspension if one or more of the following circumstances exist:
Download: Satisfactory Academic Progress Appeal – US Financial Aid [PDF]
* All appeals must be received in writing within 10 days of receipt of the Notice of Suspension.
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