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Are you looking to apply for a student loan?

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Then you've come to the right place.

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CanLearn.ca offers everything you'll need to know, shown here in 3 easy steps.

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Step 1 - How Much Money could you get?

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Well, your eligibility depends on your financial need,

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and the rules and conditions of the student loan program you're applying to.

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You can get a general idea of how much you might qualify for by using the estimating available on the CanLearn site.

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Step 2 - How do you Apply?

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In Canada, there are 2 main categories of government student loan programs.

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1. The federal program, called the Canada Student Loans Program
(for full-time and part-time students).

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2. And provincial and territorial student financial assistance programs.

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You'll only need to apply in one place, your province or territory, for these loans.

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Depending on where you live, you will manage and repay either one or two loans.

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If you live in one of these 4 provinces, then your provincial-federal loans programs are integrated.

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That means the province will process your application for both provincial and federal student loans,

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and you only have to manage and repay one loan.

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You can do this centrally at the National Student Loans Service Centre.

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Make sure to sign up for an on-line account with them through CanLearn.

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If you live in one of these 5 provinces, then your province

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will still process your application for both provincial and Federal student loans.

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However, keep in mind that you will need to manage and pay back 2 loans:

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1 from the Government of Canada - called the Canada Student Loan

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and 1 from your provincial government.

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You can get more detailed information through this link.

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Your province or territory hasn't been mentioned?

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Then check out these links on the CanLearn site for more information.

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Step 3 - How do you Get your Money?

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Once your province or territory reviews your loan application,

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you will receive a letter of assessment telling you how much money you'll receive.

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Next you'll receive your loan documents.

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You'll need to bring these to your school to confirm your enrolment.

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Once you've done that, read and sign your loan documents.

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If you are receiving a Canada Student Loan for part-time studies,

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you'll also need to sign the Canada Student Loan Agreement (Part-Time),

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included with your loan documents.

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Now, send or submit your completed loan documents

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to the address or addresses provided in your loan agreement.

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Once the loan documents have been received and verified for completeness,

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they will be processed.

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Your money will be issued by cheque or direct deposit to you or your school.

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Remember, keep your loan documents in order according to year,

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and put them in 1 place for easy reference.

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You may need to refer to them in the future once you start paying back your loans.

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Sign up for an NSLSC on-line account to easily keep your address and status up to date.

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Applying and managing student loans doesn't have to be a complicated process.

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Remember, it is your responsibility to keep your personal information up to date

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with the National Student Loan Service Centre and other service providers.

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