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SeanLe21
Jun 16th, 2012, 10:55 PM
I applied for this and got loan documents a few day ago (which was sent in 3 days ago) asking for my bank account info and etc..

My question is when do I get my loans? This is like OSAP kind of and from what I read people get their loans, the first week of school. But on the website I read quote

"The fastest way to get your money is to attach a void cheque or direct deposit information to your loan documents and your funds will be deposited directly into your bank account within five to ten business days."

Which I already did.

My due date for the tuition fee was coming up so I had to ask my mom to pay for it since I didn't know when my loan money would arrive. Do any of you guys know when my loan money will arrive? 5-10 business days from when I sent the documents or the beginning of school time which is in September?

Thanks :)

CSK'sMom
Jun 16th, 2012, 11:01 PM
Not till Sept. Loans cannot be disbursed till after the confirmation of enrollment can be completed, which is after school starts. BTW, you didn't need to pay your whole tuition. Every school offers a student loan deferral for a fee which means you get to pay a minimum deposit and when loans come in you pay the rest of the tuition...

BTW, my kids rez room mate is from NS and he doesn't usually get his loans till the end of Sept.

SeanLe21
Jun 16th, 2012, 11:03 PM
Not till Sept. Loans cannot be disbursed till after the confirmation of enrollment can be completed, which is after school starts. BTW, you didn't need to pay your whole tuition. Every school offers a student loan deferral for a fee which means you get to pay a minimum deposit and when loans come in you pay the rest of the tuition...

BTW, my kids rez room mate is from NS and he doesn't usually get his loans till the end of Sept.

Yeah I didn't know until it was too late. I have to use the tuition money that I am going to get to pay back my mom anyways