Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
7 Simple Steps: Step 1 Apply Online or By Paper Step 2 Submit Your Necessary Documentation Step 3 Your Loan Document is Printed Step 4 Your Loan is at School on the 1st Day Step 5 Submit Your Income Confirmation Form Step 6 Negotiate your loan at the post office Step 7 Your Funds are deposited into your Bank Account
Completing the Application Step 1:
Online vs Paper If at all possible, complete the application online. • Guarantees application is completed correctly • Faster • Guaranteed it is received right away • Process starts automatically • Easy • DOWNLOAD AND PRINT A PAPER COPY TO FILL OUT BEFORE SO YOU ENSURE YOU HAVE ALL THE INFORMATION http://www.ed.gov.nl.ca/studentaid/
FORMS The application for student loans is not difficult, but completing the different required forms can be confusing. Be careful you do not miss any forms. ALL STUDENTS MUST COMPLETE • Canada Revenue Agency Signature Form • Student’s Declaration, Consent and Signature Form • Income Confirmation Form http://www.ed.gov.nl.ca/studentaid/forms/forms20112012.html
YOUR LOAN DOCUMENT IS PRINTED Step 3:
Loan Document When you submit your application and the necessary documentation is received, Student Financial Services will determine how much money you are eligible to receive and they will print your loan document and mail this to the school you are attending. http://www.ed.gov.nl.ca/studentaid/forms/forms20112012.html
Certificate of Eligibility While the money you will receive from student loans will not be deposited into your bank until after the 1st day of class, the school you are attending will have confirmation that you are receiving a certain sum in student assistance. This is your Certificate of Eligibility. http://www.ed.gov.nl.ca/studentaid/forms/forms20112012.html
Completing the Process • You must pick up you Certificate of Eligibility at your school by presenting identification. • Photo ID • Proof of SIN • Ensure your educational Institution completes Section 3 (done automatically at MUN and Marine Institute) • Complete Section 4 or attach a void cheque • Proof Read, sign and date • Print to a Canada Post
Income Confirmation Form • The Income Confirmation Form is a very simple form which indicates the money you made before beginning school. • This Form cannot be completed before the first day of class. • This Form must be received before the 8th week of class. http://www.ed.gov.nl.ca/studentaid/forms/2011-2012/2011-12_Income_Confirmation.pdf
ALMOST DONE!!! The final certificate of eligibility and income confirmation must be submitted either by mail (Canada Post) or at a NSLSC (National Student Loan Service) Kiosk at your school. This will begin the process of distributing loan and grant funding to your school for tuition and fees. The distribution may not occur automatically because of a difference between the federal and provincial deposit dates.
FINALLY FINISHED!!! When loan and grant funding is being disbursed to you educational institution, if there is a federal or provincial portion still owing to you, it will be deposited directly into your bank account.