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The life time loan restriction may be the number of combined Alberta and Canada

Student education loans you could have outstanding. This can include loans for the program that is current and loans you gotten during other programs of research.

You may still be eligible for Canada student loans in the event that you reach finally your Lifetime Loan Limit for Alberta student education loans.

Exceptions to your Alberta Lifetime Loan Limits

You have received the Lifetime Loan Limit, but you believe you fall under one of the following exceptions, you can submit a Request for Reconsideration when you have been denied additional loans because. You shall have to submit documents that supports your needs.

    You’re in your last 12 months of a undergraduate or graduate level system, and you also require extra loans in order to complete.
    You are able to just access this method when for every single system.

You have got repaid several of your student education loans. We could contact your lenders to calculate how much you have got compensated, and adjust your loan stability.

  • You did not money most of the loans you had been authorized for. We base your loan stability in the level of loans you had been authorized for. We can recalculate your loan balance if you did not cash all of your loans.
  • Canada Lifetime Loan Limits

    Canada scholar Loan Lifetime Limits are derived from the final number of days of studies.

    The lifetime that is standard restriction is 340 days. This consists of each week of research you received Canada Student Loans and grants, and includes if you had status that is interest-free your Canada figuratively speaking.

    You may still be eligible for Alberta student education loans in the event that you achieve your Lifetime Loan Limit for Canada student education loans.

    Exceptions to your Canada Life Loan Limit