donnadee Posted July 19, 2011 Report Share Posted July 19, 2011 hello. i will be going with scotia bank for the LOC and was wondering if someone could answer this question with regards to paying back the loan...I was wondering if it is possible to payback part of the principal/interest payments during school? say if I get a scholarship or grant can I pay it towards the loan or would I have to wait for the 4yrs to end before payment can start? thanks Link to comment Share on other sites More sharing options...
rmorelan Posted July 19, 2011 Report Share Posted July 19, 2011 hello.i will be going with scotia bank for the LOC and was wondering if someone could answer this question with regards to paying back the loan...I was wondering if it is possible to payback part of the principal/interest payments during school? say if I get a scholarship or grant can I pay it towards the loan or would I have to wait for the 4yrs to end before payment can start? thanks Yes it is - quite common for people to get say OSAP and dump it on the LOC to avoid interest and then slowly withdraw from the LOC as the term advances. You can do that same thing with any other source of income. LOC are completely open in terms of deposits and withdraws. Link to comment Share on other sites More sharing options...
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