Section 1: Changes this Year
1.1 Processing Changes
New Deadline Dates
- All applications must be submitted by
July 17, 2009
to guarantee your loanis approved before classes start. For all other deadlines, please see Section 12.
Canada Student Grant Programs
: The Canada Access and Canada Study Grants have beenreplaced by these seven Canada Student Grants:Students From Low Income FamiliesStudents From Middle Income FamiliesStudents With Permanent DisabilitiesSpecial Services and Equipment for Students With Permanent DisabilitiesStudents With DependentsHigh-Need Part-Time StudentsPart-Time Students With Dependents
Millennium PEI Access Grant and Millennium Scholarship Foundation Bursary:
Thesefederal programs will not be available for the 2009 - 2010 loan year. Last year (2008 - 2009) wasthe last year for this program.
Check www.studentloan.pe.cafor up to dateprogram information and changes.
Section 2: Before You Apply
2.1 How Will I Pay for My Education?
Post secondary education is a big investment! It is important that you plan ahead and save to ensurethat you are able finance your program of choice.If you have been wondering how you will pay for your post-secondary education you should beaware of all of your options. A student loan is just one of the many choices to consider when you are deciding how to pay for yourprogram. It is a good idea to explore other financial opportunities such as employment earnings andscholarships to minimize your debt load.
Some of these other options may include the following:
Existing funds/personal savings•Family contributions•Registered Education Savings Plan(RESP)•Jobs - full/part-time work •Bursaries and scholarships•Co-op Programs•Bank loans•Employment Insurance benefits and/ortraining allowances•Pension benefits (including CanadaPension and Superannuation)•Assets/investments (stocks, bonds, GICs, RRSPs, etc.)