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A major source of need-based financial
assistance provided by the federal and provincial governments. The
governments pay interest on student loans while the borrower is engaged in
full-time study but the borrower must begin repaying loan principal and
interest 6 months after the he/she ceases to be registered in at least 60%
of a full course load. Students who have exhausted aid available through
government loans may qualify for short and long-term loans directly from
UBC. Usually, a credit-worthy co-signer is required in order to qualify for
a UBC loan. A means of borrowing money for education after high school at
low interest rates and generous repayment terms from federal government
programs.
Student loan is consolidation combining
several loans into a single loan to reduce the monthly payment amount
and/or increase the repayment period.
A student loan consolidation, also known as school loan consolidation, is a
refinancing program where you, as the borrower, can simplify and transform
all your student loans into one loan at one fixed rate, one monthly loan
payment, and with only one lender. Student loan consolidation interest is
tax-deductible, lowering your cost of borrowing even more.
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