student loan's assessment of parents?
My brother just applied for student loans and only received a loan of about ~$1000 because they assessed my parents as able to pay for ~$9000 based on the application and income I'm guessing. My parents had agreed to help pay ~$2000 and that was written on the application. Does anyone know how Canada Student Loan assesses whether parents are even willing to pay for education? Don't a lot of parents not help pay for education at all, but if they have a high enough income, students aren't entitled to any loans? Anyone know how it works and if there's a way we can appeal the process?
My brother is in the process of looking for a part-time job to help pay for the expenses, but in the mean time, what options does he have? Open up a student LOC?
My brother is in the process of looking for a part-time job to help pay for the expenses, but in the mean time, what options does he have? Open up a student LOC?