How To Guidance To Apply Student Loan In Canada

Make sure you’re eligible for the Canada Students Loan. If you’ve received loans for students in the past, be sure you’ve not reached the limit of your lifetime financial aid.
Get the Canada Students Loan or Grant request form. It is only necessary to fill out one form to be evaluated for grants and loans. Applications are available:
On the Internet through the student financial aid Web website of your territory or province.
At your school of choice.
Contact your local or provincial student financial aid office.
Complete the form to apply for Federal and Provincial student aid to your territory or province of permanent residency. The process of processing your application will go quicker if you send it online. It takes about 4 to 6 weeks for the application to be processed sent via mail. Please note that you have to apply according to where you reside as per the permanent resident glossary definition and not the state or territory in which you are planning to go to school (except for grants or loans for part-time students). Each province/territorial has their individual application process.
Make sure to check your email or mail for the Notice of Assessment, which will inform you whether you are eligible for an loan. If you qualified:
It is possible to obtain an Master Student Financial Assistance Agreement (MSFAA). The MSFAA is legally binding contract. It is essential to read it thoroughly and understand the terms and conditions prior to you sign it. You should also return it to the NSLSC together with your bank details.
Part-time students receive two distinct documents: Certificate of Eligibility Part Time Student Loans and Grants, and Canada Student Financial Aid Agreement For Part-Time Student. The certificate of Eligibility outlines the kinds and amounts of your student’s part-time financial aid and includes the confirmation of the enrolment form that has to be filled out at the school you attend. It is the Agreement will be the agreement between your school and Government of Canada for part-time financing. These documents constitute legally binding be sure to read them thoroughly before signing them.
Examine your loan documents and confirm enrollment with your school:
Full-time Students: Review your Master Student Financial Assistance Agreement. Check that your personal details are correct. If you would like your funds to be directly deposited into your account, be sure to include the bank information you have and the void check. Before you can get your grant or student loan money, your institution must verify that you are in full-time enrollment at a specified postsecondary institution. Confirmation of enrolment could be done electronically by your school, or you can request an official confirmation of Enrolment form sent at your request or to the school.
Part-time students Check your certificate of eligibility for Part-Time Student Loans and Grants, as well as Your Canada Student Financial Aid Agreement Part-Time for Students. Verify that you have your correct personal information on both of the documents.
Sign your loan documents.
Visit an Canada Post outlet and submit the application form that you have completed together with the other documents.
The disbursement of the funds. Your grant or loan money will be directly deposited into your bank account , or forwarded to your school in order to pay your fees for academics (e.g. tuition) at or following your first day of school. Notes:
In the event that your finances alters prior to the time you begin school , or even while you’re studying there, you need to notify your provincial or territorial aid office for students.
If your eligibility for student loans has been changed and the amount you will receive, the regional or provincial student aid office will inform you.

If you’re an Reservist in the Canadian Forces while studying full-time, and you will be working in a specific operation then download and fill in the confirmation of posting assignment for full-time Student form and attach it to your loan application for an interest-free loan. Be sure to include an original copy of the notification of instructions for posting that was sent to you by the Department of National Defence.

Master Student Financial Assistance Agreement (MSFAA): This is a multi-year contract that you don’t have to sign and submit a fresh one each application you make for student financial aid. Simply complete the application and send it to the province where you reside and keep an eye out for the Notice of Assessment to come through the mail or on line.

Documents that are required Guidance To Apply Student Loan

When you apply:

Signed and completed MSFAA (or Certificate of Eligibility or Student Loan Agreement If you are in a student program that is not full-time).
A valid photo ID that is issued within Canada through the federal or provincial, or territorial authority, for example:
- A valid driver’s license
- a passport;
- A provincial health card that has an image;
- an permanent residency card or citizenship card;
- Certificate that confirms Indian status;
- Federal or provincial employee identification card identification card for federal or provincial employees
- Record of landing, with an expiring permanent Residence Card.
A document that confirms you own the Social Insurance Number (SIN) in your grant or loan approval document is actually yours. For instance, you could display the SIN card or show the authentic Government of Canada document that includes the SIN upon it. for example:
- A Canada Revenue Agency Notice of Assessment;
- A Canada Pension Plan Statement of Contributions
- an official confirmation of Social Insurance Number from Service Canada or
- A temporarily SIN card.
If you wish for the money transferred directly into your bank account, make sure to include the bank account information along with an unreturned cheque.
Other conditions: If you’re an reserve member of the Canadian Forces while studying full-time and serving in a specified operation Download and complete your Confirmation of Posting Assignment to Full-Time Students and attach it to the loan application in order to be granted an interest-free loan. Don’t forget to attach the copy of your notice of the posting instructions were sent by the Department of National Defence.

Office Locations and Contacts

National Student Loans Service Centre (NSLSC)

Posting address:National Customer Service for Students
P.O. Box 4030
Mississauga ON
L5A 4M4

Toll free phone:
1 1-888-815-4514 (within North America)
800 2 225-2501 (outside North America)

If you reside located in a country which does not have accessibility to an international toll-free telephone number, you can use this Canadian Operator’s number: 0800 096 0634. You can also contact them on a collect line by dialing 905 306-2950.

Website

What Are All The Eligibility

To qualify, you must:

Be an Canadian citizen, permanently resident in Canada or classified as a protected individual;
Be a permanent resident of the province or territory which offers Canada Students Loans (please keep in mind it is Canada Student Loans are not available in the Northwest Territories, Nunavut and Quebec have their individual Student Loan programs. Visit your province or territory’s student financial aid office for more details;
Demonstrate financial need;
you must be enrolled for at minimum 60 percent of your full-time course (40 percentage for those who have permanent disabilities) in the case of a full-time college student.
you must be enrolled in 20-59 percent of your full-time course load in the case of part-time students (if you have permanent disabilities and are taking between 40 and 59 percent of your full course load, then you can select to be considered as a full or part-time study);
must be enrolled in a degree or certificate, diploma, or degree program provided by a designated postsecondary school that lasts minimum 12 weeks over the 15-week time frame;
be able to pass a credit screening when you are aged at least 22 years old and seeking your very first Canada student Loan;

you have not exhausted the limit on your lifetime aid to finance (including the interest-free option).

Documentation is needed

The government offers loans for students to students who are full-time or part-time to assist them in paying for their postsecondary education at a particular university, college or another postsecondary institutions.
It is the Government of Canada and most provincial and territorial governments collaborate to offer this type of credit to Canadian residents.

Information that could be helpful

Requests for loans denied:

If you’re not approved for financing or are dissatisfied with the approval amount contact us.

How To Guidance To Apply Student Loan In Canada