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Loans for Out of Province(Alberta) Student


GoldenRetrieved
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GoldenRetrieved
  • Law School Admit

I believe I've seen an answer for this online but I'd like to confirm.

For a student going to school out of province (Alberta to Ontario), which loan should I be applying for, OSAP or the Alberta one?

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Whist
  • Law Student

Your original province of residence is where you apply for them. 

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GoldenRetrieved
  • Law School Admit

Great, thank you for clearing that up!

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SaltyGrips
  • Law School Admit

If you're an RBC banking client, they offer a personal line of credit for law students of 120,000 a year at prime. Might be another option to look into!

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GoldenRetrieved
  • Law School Admit

Ooh, I'll have to look into that, thank you so much for sharing!! 🙏🙌

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Lilbb19
  • Articling Student
56 minutes ago, GoldenRetrieved said:

Ooh, I'll have to look into that, thank you so much for sharing!! 🙏🙌

scotiabank is better and offers more, i think 135. 

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Whist
  • Law Student
Posted (edited)
12 hours ago, GoldenRetrieved said:

Ooh, I'll have to look into that, thank you so much for sharing!! 🙏🙌

All the big banks offer a PSLOC package for law students, although Scotia is one of the most popular. Credit unions may offer it, but IIRC they won't be able to offer the same amount or as good benefits. Many law students get a combination - student loans and a PSLOC to cover what the student loans may not. 

Edited by Whist
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46 minutes ago, JackD said:

I think TD offers $150K @prime. (Offers med students 350K@ prime-1/4…not sure why the better rate).

I believe they are subsidized due to the Canadian shortage of doctors. Just speculation though

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