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Loans issued to full-time students are interest free while a student is in full-time studies. Students receiving a Canada Student Loan (CSL) for the first time on or after August 1, 1995, are eligible for up to 340 weeks (~6.5 years) of interest-free status on their loan balance.
Society contributes through loan forgiveness and servicing costs. Alberta's student financial assistance program has increased student loan levels as well as the number and value of non-repayable forms of financial assistance in a context marked by the rising cost of post-secondary education. [20]
For the first 6 months after graduation, finishing studies, or no longer being a full-time college or university student: no loan payments are needed; interest is charged on the Ontario portion of the student loan; interest will not accrue on the Canada portion of the student loan [25] This is a 6-month grace period.
The Alberta Initiative for School Improvement (AISI) was an Alberta government initiative which sought to "improve student learning and performance by fostering initiatives that reflect the unique needs and circumstances of each school authority." [29] Funding for AISI was suspended as part of the 2013 Alberta Budget. [30]
Monthly student loan payment as listed on credit report or student loan statement or 5% of balance divided by 12 months, whichever is higher; if deferred, not included in underwriting USDA
Keyano College is a post-secondary college located in Fort McMurray, Alberta, Canada.It offers specialized training to more than 2,100 full-time students and over 4,000 part-time students. [2]