Student Loans For Athabasca University: What You Need To Know

Athabasca University offers a range of financial aid options for students, including loans, scholarships, awards, and bursaries. The university provides support for both full-time and part-time students, helping them to manage their finances and navigate the various funding options available. Students can receive guidance on eligibility requirements and application procedures for provincial and federal student loans, as well as information on government loans, bank lines of credit, and student awards. Athabasca University also assists students with disabilities in applying for specific funding programs, such as the Canada Studies Grant.

Student loan application process

Athabasca University offers a range of financial aid options and support services to its students. The university provides detailed information on eligibility requirements, funding guidelines, and application procedures for provincial and federal student loans.

Step 1: Understand Your Options

Firstly, it is important to understand the different types of financial aid available and determine which option is best suited to your needs. Athabasca University offers various support options, including government loans, bank lines of credit, scholarships, bursaries, and awards.

Step 2: Determine Eligibility

Next, you need to assess your eligibility for the different types of financial aid. For instance, to be eligible for full-time financial aid, you must request a minimum course load, while part-time aid has different requirements. Additionally, Athabasca University provides specific funding programs for students with disabilities.

Step 3: Consult an Advisor

It is highly recommended to consult with an AU student financial aid advisor before proceeding with your application. They can guide you through the process and ensure you have all the necessary information and documentation.

Step 4: Gather Information and Documentation

You will need to provide various types of information and documentation as part of your application. This includes personal and financial details, such as your income, savings, and living situation. Additionally, you may need to submit forms, such as the Student Financial Aid Course Registration Plan, and provide confirmation of enrolment.

Step 5: Complete the Application

The application process can vary depending on your province or territory. In most cases, you will need to apply through your province or territory's student financial assistance website. The application process typically involves creating an account, choosing your school and study period, assessing your financial need, and submitting the application online.

Step 6: Wait for Assessment

Once you have submitted your application, you will need to wait for a response. You will typically receive a notification or assessment indicating whether you have been approved for funding and, if so, the amount you are eligible to receive.

Step 7: Accept the Terms and Conditions

If you are approved for funding, you will need to review and accept the terms and conditions of the financial aid agreement. It is important to carefully read and understand your responsibilities and commitments before accepting.

Step 8: Provide Banking Information

To receive your funding, you will need to provide your banking information for direct deposit. This ensures that your grant or loan amount is deposited directly into your account without delays.

Step 9: Confirm Enrolment

To receive your grant or loan, you or your school will need to confirm your enrolment. This is typically done through your National Student Loans Service Centre account.

Step 10: Manage Your Finances

Receiving the loan is just the first step. It is important to manage your finances effectively during your studies. Athabasca University offers resources and support to help you stay on top of your student finances and successfully manage your loan.

Full-time vs part-time student loans

Athabasca University offers a range of financial aid options to support students in managing their finances during their studies. The university provides detailed information on student loans, grants, scholarships, and bursaries, as well as guidance on the application process and eligibility requirements.

When it comes to full-time versus part-time student loans, there are several key differences that students should be aware of. Both options are available to students at Athabasca University, and the right choice depends on individual circumstances. Here is a detailed comparison to help you understand the differences:

Full-Time Student Loans:

• Full-time student loans are typically available to students enrolled in a minimum number of courses, with a course load of at least 60% (40% for students with disabilities).
• To be eligible for full-time financial aid at Athabasca University, undergraduate students must request a minimum of three 3-credit courses for each 4-month funded semester, with all courses starting on the same date.
• Graduate students seeking full-time financial aid must apply by the Faculty admission and registration deadlines, gain acceptance into their desired program, and request a minimum of one 3-credit group study course for each 4-month funded semester.
• Full-time student loans usually cover living costs in addition to tuition fees.
• Repayment for full-time student loans often begins six months after a student's studies end.
• The application process for full-time student loans may require confirmation of enrolment and typically takes time, so it is recommended to apply well in advance of the desired start date.

Part-Time Student Loans:

• Part-time student loans are available for students who are unable to commit to a full-time course load.
• At Athabasca University, part-time students can take up to a maximum of three 3-credit courses per 6-month semester, with all courses starting on the same date.
• The part-time student loan program generally does not cover living costs and is often intended for childcare or other specific expenses.
• Eligibility for part-time student loans may be assessed differently than for full-time loans, and requirements may vary based on the province or territory in which the student resides.
• The application process for part-time student loans may involve submitting a Student Financial Aid Course Registration Plan and applying for funding by specified deadlines.

It is important to note that the availability and specifics of student loans can vary depending on the student's location and the university's policies. Therefore, students should consult the Athabasca University website and relevant provincial or territorial funding agencies for the most accurate and up-to-date information.

Eligibility requirements

To be eligible for a student loan at Athabasca University, you must meet the following requirements:

Full-time student loan:

• Submit a Student Financial Aid Course Registration Plan and apply for funding by the required date.
• Funding approval is due at least one month before the start date, with no holds or reviews.
• Take 3-5 three-credit courses per 4-month term. All courses must have the same start date.
• Be enrolled in a credential program for almost all provinces. Only British Columbia and Saskatchewan allow applicants to be eligible for unclassified/open studies for a limited time.
• Be a Canadian citizen or have permanent resident status.
• Be enrolled in a program with AU or attending on a letter of permission to be eligible for funding.
• Be registered in a minimum of four 3-credit courses to maintain full-time status. All courses must have the same start date.
• Be in good standing with any past student loans.

Part-time student loan:

• Submit a Student Financial Aid Course Registration Plan for part-time studies.
• Complete and submit the application form as per your provincial funding agency.
• Self-register by the 10th of the month prior to the study period start date.
• Deadline is two months before the desired start date or no later than three months before the contract end date of applicable courses.
• Take a minimum of one 3-credit course to a maximum of three 3-credit courses per 6-month semester. All courses must have the same start date.
• You may apply for only one semester per funding period (not multiple semesters).
• Be in a credential program (degree, certificate, diploma) with AU to be eligible for funding.

Additional requirements for students with disabilities:

• Provide medical documentation to your provincial student aid board to identify the presence of a permanent disability or medical condition.
• Individuals with learning disabilities or attention disorders will be required to provide a copy of their psycho-educational assessment.

Government loans

Athabasca University offers a range of financial support options for students, including government loans. Government student loans are available for both full-time and part-time students.

Full-time student loans

To be eligible for full-time financial aid, you must request a minimum of three 3-credit courses for each 4-month funded semester. All courses in each semester must have the same start date. Funded students receive a shortened contract for their courses. Three-credit courses are shortened to 4 months (instead of 6) and 6-credit courses are shortened to 8 months (instead of 12).

Part-time student loans

For part-time funding, you are required to submit a Student Financial Aid Course Registration Plan for part-time studies. You must also complete and submit the application form as per your provincial funding agency. Students applying for part-time student financial assistance are required to self-register by the 10th of the month prior to the study period start date. The deadline is 2 months before the desired start date or no later than 3 months before the contract end date of applicable courses.

Application process

To apply for a government student loan, you must submit a Student Financial Aid Course Registration Plan and apply for funding by the required date. It is recommended that you apply 3 months in advance of the start date, as funding approvals take time. Funding approval is due at least 1 month before the start date and is a requirement for all students seeking to attend AU as full-time funded students.

Provincial funding agencies

The availability of government loans varies across provinces and territories in Canada. For example, British Columbia and Saskatchewan allow applicants to be eligible for unclassified/open studies for a limited time, while Quebec does not provide financial assistance to distance education universities outside of the province. It is important to review the eligibility requirements, funding guidelines, and application procedures for your specific province or territory.

Additional financial aid options

In addition to government loans, Athabasca University offers scholarships, awards, and bursaries. While scholarships and awards are generally based on academic performance and community involvement, bursaries are designed for students in financial need. There are also specific awards and grants available for students with disabilities.

Alternative funding options

Athabasca University offers a range of financial aid and award options to support students in their educational journey. The university provides assistance with student aid and award funding, including traditional sources such as student loans and bursary programs. Here are some alternative funding options available:

Awards, Scholarships, and Bursaries

Athabasca University offers various awards, scholarships, and bursaries to recognise academic excellence, community involvement, and support students facing financial challenges. The university has developed the AU Awards Finder to help students navigate and discover the awards they may qualify for based on their circumstances. These awards can provide valuable financial support and recognise students' achievements.

Provincial Funding Agencies

The university provides a provincial funding list, allowing students to explore government loan options available in their province or territory. Each province and territory in Canada has its own student financial assistance programs, and Athabasca University helps students navigate these options to find the most suitable ones.

Student Financial Aid Advisors

Athabasca University has a team of student financial aid advisors who assist students in acquiring financial aid and understanding their eligibility for various funding programs. These advisors help students navigate the complex world of student funding and provide guidance on specific requirements and application processes.

Canada Student Grant

Students with disabilities can apply for the Canada Student Grant throughout the year. This grant assists students in obtaining the necessary equipment and services before starting their courses. The application process for this grant is separate from the student financial aid application.

AU Access Fund for Students with Disabilities

Athabasca University has created specific awards, such as the AU Access Fund, to support students with disabilities in acquiring technology, courses, and financial relief. These awards aim to ensure that all students have equal opportunities to access education.

National Educational Association of Disabled Students (NEADS)

The National Educational Association of Disabled Students (NEADS) is a consumer organisation that empowers post-secondary students with disabilities. NEADS provides resources and support to help students with disabilities secure funding and achieve their educational goals.

Employment Assistance for People with Disabilities

Athabasca University also highlights various local and national resources that assist individuals with disabilities in obtaining entrepreneurial funding and resources for future employment opportunities. These resources provide financial support and empower individuals with disabilities to pursue their career aspirations.

Frequently asked questions