4 min read
This video was created as part of the 2016-2017 FAFSA application process.
The purpose of this video is to provide instruction for completing the Free Application for Federal Student Aid (FAFSA). This video is intended to help students answer the questions they may encounter while using the FAFSA. More specifically, answers to questions related to financial aid and student loan programs offered by the U.S. Department of Education.
Students should carefully follow the instructions contained in the FAFSA. Failure to do so could result in delayed payments of federal student aid.
**Legal Disclaimer**
The information provided here represents general advice only. We cannot guarantee that any specific course of action will have no adverse effect on the award amount of any federal student aid program. Please contact your school’s financial aid office for their exact policies and procedures.
Student Loans Application
What is the purpose of my loan?
With student loans, you have the option of deciding how much money you want to borrow and what you plan to use those funds for. You do not have to use the entire amount at once. Your loan may be repaid over a period of time, depending on your situation and repayment options that you choose.
How long until I receive my first payment?
You generally won’t start receiving payments on your student loans until after graduation — after you’ve completed your course work, taken your final exams, and received your diploma or degree.
When will interest begin accruing on my loan?
Interest begins accruing on federal student loans no later than six months after your date of enrollment. Interest will continue to accrue while your loan is outstanding, even if you stop making payments on your loan. If you leave school before completing your program, your loan balance will remain due and will accrue interest until paid off.
Do I need to pay back my loan?
Federal student loans cannot be discharged in bankruptcy unless they were obtained fraudulently. However, certain types of private student loans typically can be discharged in bankruptcy. Private student loans vary widely in terms of the type of loan and what kind of credit risk borrowers face. Borrowers should thoroughly research their loan’s specific terms and make sure they understand their rights under various scenarios.
Can I defer my payments?
Yes! Federal student loans allow you to defer your loan payments up to 12 years. After 10 years, you’re still obligated to repay your loan, but you can put off a portion of your monthly payment, known as a grace period.
When will I repay my loan?
Repayment is based on income. Income-based repayment requires that you repay 15 percent of your discretionary income each month. If you don’t meet this requirement, you’ll pay back your remaining balances over a period of 20 years (10 years for PLUS and Perkins loans). There is also a Public Service Loan Forgiveness program available for those who work in public service jobs including teachers, doctors, nurses, firefighters, etc.
Will my loan affect my credit score?
No. Your credit history won’t be impacted by paying back your student loan. In fact, having student debt could actually improve your credit rating because it shows that you have financial discipline.
Description: In this course we offer practical information about how to finance your business. We cover everything from loans, grants, equity investments and crowdfunding to legal issues surrounding financing options. Students learn about different types of financial products and services offered by banks and credit unions, government programs and the different types of lenders out there. Students have access to our lending library where they can browse through loan documents and get expert advice from our experienced staff. Our team is here to help students throughout their journey with student loans – whether its with finding the right financial product, choosing between private and public loans, getting approved for funding or understanding your repayment plan. All students receive a personalized letter detailing their eligibility and what their options are once they’re papproved!
Who Should Attend? Applicants who need to find the best way to finance their businesses. Students who want to know if they qualify for any federal or provincial student loans. Students who want to understand the differences between government and non-government financing options. Students who are looking for ways to increase their chances at being accepted for student loans. You do not need to attend this workshop to apply for a student loan! However if you are already applying for student loans, this workshop is a great opportunity to talk to someone who understands student loans!
What Topics Will Be Covered? What is a commercial lease? How much does it cost? Who owns the property? When is the first payment due? What happens if I default? How long am I responsible for the rent? Is leasing my own place safe? Do I have to sign a security deposit agreement? What is a deed? Do I need a lawyer? Are there hidden fees? Is residential lending easier than commercial loans? Why should I use a bank vs a private lender? What are cash advances? What is a search? Can I buy at auction?
What Does the Workshop Cost? $150 per person + GST
How Can I Apply? Click the link above to register online and pay via PayPal. If registering by phone please call 604 933 8666 ext. 4
Do Not Submit Your Papers Before Registering!
Please note that only those applicants who registered before May 1, 2019 will be eligible to participate in the workshop.
►HEY, we’ve got more valuable information here: ►CLICK HERE LOANS FOR STUDENTS◄
►Cloud of related items ▼
bloque1x

Related Links ▼
- Studentaid.gov/understand-aid/types/loans
- Salliemae.com/student-loans/
- Discover.com/student-loans/
- Nerdwallet.com/best/loans/student-loans/private-student-loans
- Money.usnews.com/loans/personal-loans/personal-loans-for-students
- Credible.com/blog/student-loans/personal-loans-for-students/
- Govloans.gov/categories/education-loans/
- Forbes.com/advisor/student-loans/best-private-student-loans/
- Navyfederal.org/loans-cards/student-loans.html
- Wellsfargo.com/goals-going-to-college/loan-options/
- Whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
- Ed.gov/category/keyword/federal-student-loans
- Myfedloan.org/
- Navient.com/
- Usa.gov/student-loans