GD College understands that even a small amount of financial aid can make a big difference for students who are ready to invest in quality education and build a successful career. If you need help financing your education, we’re here to assist you in finding the right option. This could be a private loan from a bank or a government student loan. Additionally, we offer scholarships, awards, financial aid, and payment plans. Don’t let financial constraints keep you from reaching your academic and life goals.
Our financial aid team is available to guide you through every step of the financial assistance process. You may qualify for funding you didn’t even know was available!
GD College’s financial advisors stay informed about the latest scholarships and financial awards for our students. They’ll help you assess your eligibility, guide you through the application process, and work with you to secure funds before starting your program.
The Governments of Canada, Alberta, and Ontario offer loans to qualifying students. Although the amount and type of aid may vary depending on individual circumstances, government student loans ensure that all eligible students receive financial support for their education.
Full-time and part-time students can access Student Lines of Credit to help finance their studies. Unlike traditional loans, lines of credit allow you to borrow as needed, with interest only on the amount used. Most major banks offer student lines of credit, though eligibility criteria (such as credit score and net worth), loan amounts, and interest rates will vary between institutions. Contact your preferred bank or credit union for more information.
Congratulations on graduating! As you step into the next phase of your career, it’s important to remember the repayment of your student loans.
National Student Loans Service Centre (NSLSC)
Contact the NSLSC for further details.
After graduation, a government-provided grace period allows time to find a job before starting loan repayments. Federal loans require repayment within six months, while provincial loans give you up to twelve months. Making payments early can reduce the principal, lowering the interest charged when payments begin.
As with any loan, missing payments can lead to penalties, fees, and damage to your credit score. It may also prevent you from receiving future financial aid or grant assistance, and you could lose tax refunds or GST rebates. To avoid issues, stay on top of your repayment obligations and notify your loan servicer of any changes in your contact information or financial status.
If you’re struggling with your payments, you can apply for government assistance through Student Aid.
For further information or any questions about student loans, contact GD College’s Student Administration Department. We’re here to help.
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