Common Questions About Financial Aid
How do I apply for a Student Line of Credit in Canada?
Check out some details about credit amounts here: http://www.campusaccess.com/financial-aid/credit-lines.html.
When you’re ready to apply, you will likely be required to have a parent co-sign, because a student line of credit is money that you are borrowing from the bank. If you have little or no credit history, the bank will want someone (such as a parent) to ensure that any credit used (plus interest) will be paid off. Besides allowing you access to the credit you may need for school, you get to borrow money at a lower cost than other options. This means, the interest rate is usually lower on your student line of credit than your credit card. Plus, you will likely be given access to more credit than your credit card, too.
Is OSAP available for domestic and/or international students?
OSAP (Ontario Student Assistance Program) is not available for the first 2 years of a new private career college. We are currently in the application process and OSAP will likely be available soon. If you do start the program, OSAP can be applied for mid program as well.
Are private loans available for international students?
Yes, Student Lines of Credit are available for international students. A domestic Co-signor or guarantor will likely be required.