Once approved, all students are notified of loan disbursement amounts and dates from their lender in writing. Student loan borrowers are encouraged to review this information carefully to ensure that any approved loan amounts or disbursement dates conform to the ²ÝÝ®ÎÛÊÓƵµ¼º½â€™s published fee deadlines. Regardless of method of payment, all students must ensure they arrange to pay tuition and fees by the deadline.
At the time of confirmation, the Financial Aid Office will remit funds from the loan to pay tuition, fees and any outstanding (past due) balance at the time of confirmation. Students receiving multiple loan disbursements for the loan study period may have current term fees remitted from the loan to cover these educational costs. Students receiving only one loan disbursement for the loan study period may have both term fees remitted from the loan. All loan borrowers are responsible for monitoring the Student Centre when expecting a loan disbursement to ensure that all tuition and fee balances are paid in full by the fee deadline. If there are excess funds applied to a student account, a refund request form is available at . If there are excess funds on a student's account and the terms of the loan agreement have been breached, the credit will be refunded to the loan provider.
Students with a confirmed loan agreement prior to the published fee deadline receive an automatic 30-day fee deferral. Any outstanding balance remaining after 30 days is subject to late interest and terms in accordance with the ²ÝÝ®ÎÛÊÓƵµ¼º½ fee policy (see the Tuition and General Fees section of the Calendar).
Awards and Financial Assistance