Alberta/Canada student loans

[Lezesh]

Trying to apply for med student loans going into my first year but the system is down. Just wondering if anyone knows the typical maximum/average loan amount given to med students per year between both provincial and fed funding.

[ellorie]

Well, I have no savings, no income, and no contribution from anyone other than myself, so I imagine I was given the maximum award given my estimated expenses.

 

I was initially awarded $9,030 in Canada loans and $19,900 in Alberta loans, plus a $2,500 federal low income grant for a total of $31,430.

 

My total award was then reduced to $28,950 because I didn't meet my expected contribution. They didn't tell me whether that comes out of the Alberta or the federal loans.

 

I will be attending UWO where the tuition is around 18k - if the U of A tuition or estimated costs are radically different than for UWO, you might also get something different than I did based on that.

[Vdoon]

That is interesting!

 

When I look at my application, it shows a students finance assessment of $29k, but only $22 was given, and it said I had hit provincial maximums. I'm going to call tomorrow.

 

Thanks for the heads up!

[Lezesh]

anyone know if there's an aggregate loan cap for med students?

[new user name]

http://alis.alberta.ca/et/fo/studentsfinance/living-allow.html

 

If you scroll to the bottom, you'll see that the max lifetime loan for med is 150K. Doesn't necessarily mean you'll get all of it though.

 

Hope this helps!