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Canada Student Loans and Manitoba Student Loans: Provide financial assistance for educational purposes to Manitobans with limited finances. You and your family are expected to contribute some resources towards your educational costs. You are therefore expected to work full-time during your pre-study period and to save money to help cover the costs for your education. There is also a maximum amount of assistance available and not all students receive the maximum. www.studentaid.gov.mb.ca/ Banks also offer financial plans where you only pay the interest on the loan while you attend school (e.g. line of credit, or fixed loan) Types of Government Assistance For Full-Time Students
These
federally subsidized loans are interest-free while you are a full-time
student. You must begin repayment of the loan six months after you cease
to be a full-time student. The maximum Canada Student Loan is $165 per
week of study. Example: for a 34-week university program, the maximum is
$5,601 ($165 x 34).
These
provincially subsidized loans are interest-free while you are a
full-student. You must begin repayment of the loan six months after you
cease to be a full-time student. The maximum Manitoba Student Loan is $110
per week of study. For a 34-week university program, the maximum is $3,740
($110 x 34). * Online applications for Manitoba and Canada Student loans. Information as to eligibility, payback etc. * Facts and fallacies on federal program that helps students afford post-secondary education. www.hrdc-drhc.gc.ca/student_loans/index.html -
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