Important
Since entitlement varies from province to province, the values used in this tool are approximations. These assessments will be subject to criteria set by individual provincial loan authorities.
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To estimate the amount of your potential assistance, the Student Loan Estimator will ask you to provide information in three categories: - General Information - This section collects basic data required in the needs assessment calculation such as province of permanent residence, number of study weeks, etc.
- Costs - In this section you will be asked to input the costs related to your education, such as books and tuition (standard assessment items), as well as other costs that may be allowed upon review by the provincial authorities. These will be added to your living allowance to calculate your total assessed costs.
- Resources - In this section you will be asked to input your resources (income and assets), a portion of which you will be expected to contribute toward the cost of your education.
Once you have entered all the information you will be provided with your: - Estimated total student financial assistance (including loans and grants), and
- Estimated loan accumulation (how much you might owe after graduation).
You will then have the option to use the Loan Repayment Calculator to estimate the monthly payments you may need to make in order to repay your loan. You have the option to use the Financial Planner which can help you determine the total expected costs of your post-secondary education, as well as reconcile your expected costs with your projected annual income and resources. For clarification of terms and definitions used in this tool, please refer to the Glossary. Note: The information you provide is only used to build an estimate of your potential assistance. The information you enter will not be shared, saved, stored in a database, or used for any other reason. For more information please see our Privacy Policy.
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