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Thread: How many times you can use the Student Loan?

  1. #1

    Default How many times you can use the Student Loan?

    I Graduate university in my home country. I took Bachelors of Science Major in Hospitality Management. I was thinking to get an Economics degree in Macewan, but in order to just to consider that I have diploma here in Canada because Canada doesnt care of my credentials back in my country Im going to pursue Hotel Management in NAIT before I take Economics in Macewan but the problem is financial. Im not really sure if the government will give you another loan if u already ask for ur previous program, whether u can only took loans once in your life. Hope u get my point.

  2. #2

    Default

    Looks like there is no limit on how many times you get a loan, but on the total value of loan you can get over your lifetime:

    http://studentaid.alberta.ca/before-...y/loan-limits/

    And another tip. While most members here happily provide advice on most questions, it is a good idea to at least first try to google it yourself. Also as repeated by posters on your previous questions, a meeting with admission staff at your target institute is the place for these sort of questions. To be successful you need to make an effort. Hope this helps and Good luck!

  3. #3
    C2E Hard Core Contributor
    Join Date
    Dec 2006
    Location
    Edmonton, AB
    Posts
    2,527

    Default

    You can take a new student loan every year you are in university.

    You will have to pay it back at the end of all of your education.

  4. #4
    C2E Continued Contributor
    Join Date
    Jun 2008
    Location
    Meadows
    Posts
    1,976

    Default

    I'm taking a diploma now to supplement my degree. Using student loans again after working for a bit (and paying off a nice chunk of debt). Watch out for a delay in your loan disbursement because the Feds and the province tend to drag their heels on reclassifying you from "in repayment" to "in study".
    $2.00 $2.25 $2.50 $2.75 $2.85 $3.00 $3.20 $3.25

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