hello and welcome to student loans 101 presented by the University of Alberta my name is Sachin and I work in the office of student financial support. national student loans service center contact a part of the office of the registrar we are not a part of Alberta Student Aid but our office has helped many students apply for the government student loans just like we hope to do in this video a few notes before we begin this presentation offers general information.
About the loan application if you have any specific questions please feel free to contact the University of Alberta through student connect or contact alberta student aid directly as you may have gathered this presentation only focuses on full time alberta residents attending the university of alberta if you’re applying for a loan from another province or if you are a part-time student please see student connect or your home province for more information the following video is split into two main parts first I will briefly review general information about the student loan process in Alberta the second half of the video will go over each section of the online applicationwell I hope you stay with me and feel free to skip ahead to the application section if you need to as I mentioned you can contact student connect on the main floor of the administration building if you have any questions at all about anything mentioned in this presentation you can visit them in person or visit you a BGA slash ask SC okay getting started this is an overview of the student loan process in Alberta first you will need to register in classes well it is not required that you will be registered in your classes it is easiest to apply if you are in all of your classes this means that if you are applying for a full-time student loan for fall and winter you will need to be registered at least full time for fall and winter for your loans to be confirmed if you apply and you are not registered full time for fall and winter your loan application will be assessed but it will not be confirmed and your funding will not be disbursed for most students full time equals nine credits asemester or generally three courses a semester just a note for students register with our accessibility resources office this may be different it does not matter if you swap a course as long as you remain full-time after applying for the student loan okay now that you’re registered you can go ahead and apply for your full-time I’ll burn a student loan the full-time application through Alberta Student Aid is actually three applications in one on this application you’ll apply for an Alberta student loan a Canada student loan and grant funding you can log into the application using the Alberta student aid website the login system is called s I AMS or as I’ll be calling it science and is the same system that you use to apply for apply Alberta or the Rutherford scholarship the link is listed on this slide if you’re having any trouble logging into science you will need to call the Alberta student aid science help desk and the contact information is on their website it can take up to four weeks for an application to be processed but most students will receive an assessment much faster than that if you have forgotten to include something on your application or if you’ve made an error you can always send in an appeal Appeals can take up to six weeks to be processed and need to be submitted six weeks before the deadline after you apply for your loan and it is submitted it is sent off to Alberta student aid in downtown Edmonton to be assessed some general information about assessment parental income will not impact the ability to receive student loan funding for dependent students this is a big change from what it was a few years ago parental income is still considered for grant funding for dependent students but it will not affect the student loan dependent students generally those who are under 23 can choose not to put their parental income on the application but you will not be considered for grant funding if you choose to do so adding the parental income will not hurt your chances at the loan and I will talk a little bit more about the difference between a dependent and independent student in just a little bitstill what our grants grant funding is funding that can be added on top of your student loan it is available based on some special eligibility criteria.
