The NSLSC (Canada National Student Loan Service Centre) is definitely something that you need to know about if you are a Canadian student.
NSLSC
If you are a Canadian College Student, or you soon will be, the NSLSC (Canada National Student Loan Service Centre) is definitely something that you need to know about. This organization is just known as the National Student Loans Service Centre, or NSLSC, and it is through this organization that you will manage various aspects of any Canada student loan that you may receive to help finance your education.
The NSLSC manages most Canada Student Loans, including loans for part time students, and integrated student loans for Ontario, Saskatchewan, Newfoundland, Labrador, and New Brunswick. Through this national student loan centre, you can check the status of student loans that you have applied for or already received, check the balances on your student loans, review your loan details, update your information, review loan payments that you have made, or loan payments that you will need to make, and other information.
Through the Canada student loan centre’s website, you can access the Personal Message Centre. This system provides you with information regarding your student loans, and this information is quite helpful, and may even enable you to pay off your student loans in less time. You will also be able to get contact information, including email contact information, in the event that you need to speak with someone regarding your student loans through the website.
Special services offered through the Canada National Student Loan Service Centre (NSLSC) include customized repayment plan tools, which will allow you to either increase or decrease your scheduled payments. You can also get repayment assistance through the centre, if you qualify. If you do qualify, the Government may help you to make your loan payments, or you could receive a special interest rate, depending on the situation and what you are eligible for.
Also provided on the NSLSC website is the NSLSC Tool Box. Through this special area of the website, you can download forms that you need to preauthorize payments, to make one time payments, or to change your payment due date. This is also the area of the site that you would visit to increase or decrease your monthly payments.
If you have student loans in Canada, this website will become very important to you – almost as important as the websites used to manage your bank accounts and other financial business. This is not the website, however, that is used to apply for a Canada student loan. Instead, you only need to access it after applying for or receiving Canada student loans – and then only if your student loans are managed through this organization. If your Canadian student loans are not managed through this organization, the lender should notify you as to where your loan is managed, and how to access information regarding those loans. The NSLSC will not be able to help you with this information in that case.
When you receive a Canada student loan, you are not automatically registered for services through the website. You must register for access, but registration is free, and your information is protected from third parties. The National Student Loans Service Centre or many times referred to as the National Student Loan Centre is maintained through the CanLearn organization. For more information about the Canada Student Loan Center, and the services that this organization offers visit NSLSC.
Paying back student loans – There comes a time when you have to pay back the loans that you were given by the Canada government to the NSLSC to help you get…
NSLSC and Paying Back Student Loans
NSLSC & Paying back student loans
There comes a time when you have to pay back the loans that you were given by the Canada government to the NSLSC to help you get though school.
These loans are supposed to be paid back so that other students can also get the chance to receive them and make it through school. The repayment process starts normally when you have graduated from college.
However, you will also be expected to start repaying your loan in the event that you have moved to part-time studies, when you leave school or when you have been absent from school for a least 6 months.
Should any of these situations affect you, try and get in touch with the relevant offices to find out the way forward.
Because of this you should go on and find out where you are supposed to make the payments for your loans. Those who received integrated loans should understand that these loans are provided by the government and the province from where you live.
Another thing that you need to understand is that if for some reason you received NSLSC federal and provincial government loans, chances are high that you will have more than one loan to pay back.
NSLSC & How to make payments…
When it comes to making payments, you will definitely get informed about the status of your loan through email. Students normally have a 6 month gap during which they will be able to enjoy a grace period of non-payment as they try to secure jobs.
During this period however, the loan accrues interest and it is important that you make use of this time to find a good job that can help you pay off your loans.
Before you start making payments for the loan, you need to ensure that all your information is accurate according to the records before you go on.
You have to confirm the status of your loan balance, the interest rate that the loan attracts and your bank account details. All this information is very important to you to ensure that you are paying for the correct sum owed.
NSLSC & Repayment assistance…
When you are worried that you will not be able to make your payments in good time, it would be a good thing for you to consider the assistance options that the government of Canada has in place for you. Even when you have missed a payment, you should try and learn about some of the repayment assistance programs that students like you can use in order to get back on track.
There are quite a number of programs that are available. You can use the Repayment Assistance Plan (RAP), the repayment assistance plan for borrowers with a permanent disability (RAP-PD) or you can also try the severe permanent disability benefit in the event that you have a severe permanent disability.
Besides, the government recently revised terms on repayments and you can actually have your loans repayment reduced.
NSLSC Severe permanent disability benefit…
In the event that you are suffering from a permanent disability that can give you a harder or a more difficult time making your loan repayments, the severe permanent disability benefit is one of the alternatives that you need to consider.
As a matter of fact you can have your loans forgiven in the event that your disability can prevent you from working or participating in active education through your life.
However, when you take this benefit, you will not be able to apply for any other Canada student loan or grant. To apply for this benefit, you have to understand that enrolling for the benefit program is not automatic.
You will have to make a formal visit or call the NSLSC to find out whether you will be eligible for the benefits before you can make an application.
In regards to the NSLSC and Canada student loans, the Canadian government makes efforts every other year to ensure that the students who are facing tough…
NSLSC and Canada Student Loans
In regards to the NSLSC and Canada student loans, the Canadian government makes efforts every other year to ensure that the students who are facing tough financial situations do not get to drop out of school for one reason or the other.
Because of this it is a good thing to try and ensure that you know all the student financial assistance programs that are available in the country so that you can make the best use out of them when the time comes for you to seek a student loan.
Student loans are available from the Canadian government and a host of territorial and provincial governments to ensure that you are able to make it through your studies fully paid for.
As a student it is important for you to make sure that you are able to find out whether the student loan that you are applying for, is the right one for you.
The main reason for this is because unless you apply for a student financial grant, loans have to be paid back, so make sure that you apply for something that you will be able to pay back when the time comes.
You need to know whether you are eligible for the loan or not, how to apply for any of the Canada student loans, how to manage your loan and whether or not the loans are applicable to you if you are on part-time studies.
As a matter of fact there are a number of financial institutions that also provide financial funding to the students.
Eligibility for a student loan
In the event that you have ever received a student loan in the past, it would be a good thing for you to go through the lifetime limits on student financial assistance so that you are able to figure out whether or not you will be able to get financial assistance; or if you have already exceeded your limits.
Once you have determined whether you are still eligible for financial assistance from the government, the next thing that you will have to do is to proceed with the application.
For all your grants and loans, you will not need to worry yourself with a lot of applications, all you need to get is one application form, and you will be good to go.
Applications are normally available at the student financial assistance website, or through your school. Alternatively you can also get the application documents at the provincial and territorial financial assistance office closest to you.
Application procedures vary from one province to the other. Therefore you need to find out as much information from your regional finance territory. Do not forget that applications for the Canada student loans are supposed to be done every other year.
Once you have filled in and handed in your application, you will then have to wait for the notice of assessment that is sent to you either through physical mail or through email.
For those students who qualify for the loans or the government grants who receive the Master Student Financial Assistance Agreement (MSFAA) you need to read the information attached to it, sign it and return the documents back to the NSLSC ( NATIONAL STUDENT LOAN SERVICE CENTRE).
However, in the event that you are studying on part time basis, you will get two different documents; the Certificate of eligibility for part tie student loans and grants, or the Canada student financial assistance agreement for part time students.
Before you go any further with the application process, you will need to take a careful review of the application documents so that you can confirm whether everything is in order, and also confirm the same with your school.
The reason for this is because this is a legally binding contract, and for the same reason you will have to ensure that you go through it carefully and ensure everything contained in it is correct.
As a rule of thumb, always try and make sure that you have everything in order before you submit your documents.
NSLSC Helpful Tip: Contact the NSLSC at 1-888-815-4514 to possibly consolidate your student loans immediately after finishing your program or leaving school.
The NSLSC will be used for each territory and province for Canada student loans.
NSLSC Provincial & Territorial Information
Every other province has its own financial assistance program, so as a student it is imperative that you go to the website of your province where you will be able to find the particular financial information available for your case. The NSLSC will be used for each territory.
The reason for this is because different provinces normally have different requirements so you cannot expect to find the same information being used which may not apply to the region in which you live.
Generally, when you are applying for a student loan you should understand the type of loan that you are applying for because this is determined by your province.
Ontario Student Loans
In the event that you are applying for your financial assistance from Ontario, you should follow keenly the Canada-Ontario Integrated Student Loan program (OSAP). Through their website you will be able to get all the information that you need to support your case.
Saskatchewan Student Loans
Residents of Saskatchewan can go through the Saskatchewan student financial assistance branch website for more information on the available loans and how to apply for them. This is the only place where you will be able to get accurate information about your financial assistance program
British Columbia Student Loans
Student Aid BC is the website that provides all the information that you should know about when you are making an application for financial assistance and you are a resident of British Columbia.
New Brunswick Student Loans
For the Canada – New Brunswick integrated student loan program you can visit the New Brunswick Student Financial Services website for all the information that you need. When doing so, remember to submit your application for the full time student financial assistance application online.
Newfoundland and Labrador Canada Student Loans
You can also apply for the Newfoundland and Labrador student loans by visiting the Newfoundland and Labrador Student Financial Services website. Students are normally advised to be keen when checking out the information on the website so that they do not miss out on the important stuff.
Alberta Canada Student Loans
Every other province has its own financial assistance program, so as a student it is imperative that you go to the website of your province where you will be able to find the particular financial information available for your case. The NSLSC will be used for each territory.
The reason for this is because different provinces normally have different requirements so you cannot expect to find the same information being used which may not apply to the region in which you live.
Generally, when you are applying for a student loan you should understand the type of loan that you are applying for because this is determined by your province.
Ontario Student Loans Canada Student Loans
In the event that you are applying for your financial assistance from Ontario, you should follow keenly the Canada-Ontario Integrated Student Loan program (OSAP). Through their website you will be able to get all the information that you need to support your case.
Saskatchewan Canada Student Loans
Residents of Saskatchewan can go through the Saskatchewan student financial assistance branch website for more information on the available loans and how to apply for them. This is the only place where you will be able to get accurate information about your financial assistance program
British Columbia Canada Student Loans
Student Aid BC is the website that provides all the information that you should know about when you are making an application for financial assistance and you are a resident of British Columbia.
New Brunswick Canada Student Loans
For the Canada – New Brunswick integrated student loan program you can visit the New Brunswick Student Financial Services website for all the information that you need. When doing so, remember to submit your application for the full time student financial assistance application online.
Newfoundland and Labrador
You can also apply for the Newfoundland and Labrador student loans by visiting the Newfoundland and Labrador Student Financial Services website. Students are normally advised to be keen when checking out the information on the website so that they do not miss out on the important stuff.
Alberta Canada Student Loans
There are several federal and provincial loan programs that are offered through the Student Aid Alberta website, so this is the place where you can fill in your application in the event that you are looking for post-secondary school funding.
Nova Scotia Canada Student Loans
Online loan applications in Nova Scotia can only be made through their student assistance website. Remember that when you are applying for a Canada student loan through your territory these are managed and repaid through the NSLSC
Manitoba Canada Student Loans
The Manitoba Student Aid program has a host of federal and provincial student loan programs that you can learn so much about. You can also apply online specifically for this region in the event that you are a permanent resident.
Prince Edward Island Canada Student Loans
The Prince Edward Island student financial services website is the only place where you should find information about the financial assistance program that you need. You can particularly find information for the interest-free student loan program.
Yukon Canada Student Loans
There are different forms of funding that are available through the Yukon Student Financial Assistance website. Apart from the Canada student loan there are so many other financial assistance programs that you can follow up on once you check the profile online.
Quebec Canada Student Loans
For permanent residents of Quebec, the Canada student loans program that is available online will help you when you are looking for the most accurate information about your financial assistance program.
National Student Loan Service Centre (NSLSC) manages all student loans in Canada, and students will work with them on all matters concerning their student loans – only once their obtained.
Northwest Territories and the NSLSC
The residents of Northwest Territories should get to the student financial assistance website for their region where you will get information about programs, get forms and download the ones that you need, and also get information on how to start repaying your loans.
Nunavut Canada Student Loans
Nunavut students should seek more information from the FANS, Financial Aid for Nunavut Students. The eligibility criteria for these loans are different from the other regions in the country, and this is why you need to know about them. If in doubt, always get in touch with the FANS office for further assistance.
There are several federal and provincial loan programs that are offered through the Student Aid Alberta website, so this is the place where you can fill in your application in the event that you are looking for post-secondary school funding.
Nova Scotia Canada Student Loans
Online loan applications in Nova Scotia can only be made through their student assistance website. Remember that when you are applying for a Canada student loan through your territory these are managed and repaid through the NSLSC
Manitoba Canada Student Loans
The Manitoba Student Aid program has a host of federal and provincial student loan programs that you can learn so much about. You can also apply online specifically for this region in the event that you are a permanent resident.
Prince Edward Island Canada Student Loans
The Prince Edward Island student financial services website is the only place where you should find information about the financial assistance program that you need. You can particularly find information for the interest-free student loan program.
Yukon Canada Student Loans
There are different forms of funding that are available through the Yukon Student Financial Assistance website. Apart from the Canada student loan there are so many other financial assistance programs that you can follow up on once you check the profile online.
Quebec Canada Student Loans
For permanent residents of Quebec, the Canada student loans program that is available online will help you when you are looking for the most accurate information about your financial assistance program.
National Student Loan Service Centre (NSLSC) manages all student loans in Canada, and students will work with them on all matters concerning their student loans – only once their obtained.
Northwest Territories
The residents of Northwest Territories should get to the student financial assistance website for their region where you will get information about programs, get forms and download the ones that you need, and also get information on how to start repaying your loans.
Nunavut Canada Student Loans
Nunavut students should seek more information from the FANS, Financial Aid for Nunavut Students. The eligibility criteria for these loans are different from the other regions in the country, and this is why you need to know about them. If in doubt, always get in touch with the FANS office for further assistance.
How to contact the National Student Loans Service Centre (NSLSC)
Contacting the National Student Loans Service Centre
Students that are applying for or have been receiving student loans, grants or any other form of financial assistance through the Canada federal and national government need to know as much as they can about the National Student Loans Service Center (NSLSC)
Through the NSLSC there are so many things that students can be able to learn about which make their lives more convenient when it come to their student loans. It is because of this that you need to know when to contact the NSLSC, how and why.
As a student, you need to know what your loan account number is. However, if for some reason you do not know about this, you can get in touch with the NSLSC to help out. When you find any correspondence between the NSLSC and yourself, your loan number will always be indicated at the top right corner of any such written interactions.
Students who do not already have a loan account number should also get in touch with the NSLSC so that they can be assisted in the same regard. The NSLSC will proceed to verify your identity and once that is assessed, you can be accorded a loan account number.
The NSLSC is available to help you with as many of your concerns as possible. Anything that you need to find out about your account or your loan should be done through here. From the moment you sign up, you will get help in choosing your preferred username just in case the one that you are interested in using is in use by someone else.
Besides choosing the perfect username that you can remember, it is also a good thing for you to consider selecting a password that is highly encrypted but easy for you to remember. A good password should be between 7 and 15 characters long.
However, in these characters you should ensure that you have a good combination of characters; numbers, letters and symbols so that it becomes hard enough for someone to hack it.
There are times when you can actually be locked out of the NSLSC system when you are trying to register. Every student is allowed 4 different attempts to register for the NSLSC online services. When you exceed these attempts allocated to you, the system will automatically lock you out and even prevent you from gaining access to the system. Just in case you are locked out, try and get in touch with the NSLSC through their Contacts page and someone will duly assist you.
Most of the time students worry about whether or not they are eligible to use the NSLSC services. Eligibility for the student loans normally depends on the kind of student loan that you may have applied for. You need to get in touch with the NSLSC to find out more about the loans that are covered by the online services because not all of them usually are.
There are some financial services that can be provided by a financial institution that you are affiliated to, especially those that were administered before 1st August 2000 which are not covered by the online services.
In the event that some of your financial assistance programs are administered through the NSLSC while others are run through your financial institution, you can still use the NSLSC online service.
However, the information that you will get online will only be useful to your NSLSC affiliated financial support.
Through the NSLSC you can be able to make an estimate of the amount of loans or grants that you will be able to receive when it’s all said and done. There is a Student Financial Assistance Estimator that helps you to make an educated guess on what you will receive in the process.
You can get in touch with the NSLSC either through mail, online or on phone through the following contact details:
The Canada National Student Loan Service Centre (NSLSC) facilitates many student loans for Canadian students allowing them to attend college.
NSLSC and Students
The Canada National Student Loan Service Centre (NSLSC) facilitates many student loans for Canadian students allowing them to attend college and pay back their student loans at a later date; normally after graduation.
If your a Canadian student, here are some tips to help you with a smoother NSLSC process.
Student loans and grants have helped a lot of Canadian students to go through their education seamlessly without ever having to worry about dropping out for financial reasons.
Once school is done, students go away into the world and start their careers and jobs and for those who made it through school with student loans, the time to start making repayments comes soon enough.
Repayment can be a very challenging moment for you in the event that you are not aware of how to go about it.
The repayment procedure normally starts as soon as you graduate from school, or from the moment you cease to become a full-time student. If you get a part time job while you are still studying and change your status to part-time classes, your repayment starts immediately.
However, take note that interest on student loans is never charged while you are still studying.
As is the case with any other loan that you will get anywhere, the NSLSC student loans normally have a grace period. This is a 6 month period within which you are free of repayments right after you graduate from school.
According to the NSLSC, this is the time when students should be very active trying to secure jobs so that they can kick-start their lives and also get to organize their lives.
However, take note that even when you are making use of the grace period, interest accrues on the loan. If for example you graduate in April, your grace period will run through to October from which you will be expected to start paying back the loan.
Once you have graduated from school and you are still in the grace period, the NSLSC will send you a consolidation agreement. In the consolidation agreement is contained all the information about you and your financial assistance.
The agreement contains information on the loan amount that you owe, the interest rate charged on it, your repayment term, all the loan repayments that you have made so far, the first date when you should start making the payments and the amount of interest that you are liable to get during the grace period.
Just so you are in the know, it normally takes 9 ½ years for a student to complete their loan repayment.
As a student who benefited from the loans, it is your duty to inform the NSLSC of any changes in any of the information that you provided when applying for the student loan.
In the event that you have changed your residency, you have to inform the NSLSC of the changes especially of your address. It is also your duty to make sure that you repay all the loans that you have accrued and the interest on them.
With respect to the interest rates applicable to the loans, students can either choose between a fixed rate and a floating rate. Generally, it is a sensible decision to go with the floating rate since there is not much of a fluctuation in these rates over time.
In recognition of the challenges that students normally go through when repaying their loans, students are encouraged to make use of the NSLSC Repayment Assistance Plan (RAP). Through the RAP students are in a good position to manage their repayments and paying back only the much that they can afford reasonably.
The concept behind RAP is to ensure that you make repayments that do not necessarily exceed your 20% gross family income. Therefore through RAP you can either get your monthly repayment reduced or increased as appropriate.
RAP is a good scheme for those who have not been able to secure employment opportunities, or those who are suffering some form of financial difficulty.
It is a wise decision to make your payments regularly if you can because this makes it easier for you to clear your loan debt faster as compared to making huge payments periodically.
You can simply break down the payments such that by the end of the day you will be paying back the amounts that you owe, but in smaller amounts.
The Canada National Student Loans Service Centre (NSLSC) is the one place where Canada’s students should go when they need to find out as much as they can about their student loans.
In the event that you are receiving a Canada or Integrated Student Loan, or if you are hoping to do so, it is always a good thing to try and find out as much information as you need from legitimate sources.
This is because there are so many fraudulent websites and networks out there that can mislead you. The NSLSC is government sponsored by the Canadian government.
The NSLSC oversees a number of loans that students normally apply for and these include the following:
· Canada Student Loans
· Canada Student Loans for Part-time Students
· Canada-Ontario Integrated Student Loans
· Canada-Saskatchewan Integrated Student Loans
· Canada-Newfoundland and Labrador Integrated Student Loans
· Canada-New Brunswick Integrated Student Loans
· Canada-British Columbia Integrated Student Loans
Through the NSLSC students are able to get access to their loans and loan information conveniently without having to go through a lot of processes.
There are a lot of useful details that you will come across when you visit the NSLSC. If you need to find out the status of your loan, whether it has been approved or not, your repayment balance or any details of a new loan that you may have received, you do not have to walk into any office; everything that you need is available here.
The role of the NSLSC is important especially to students who receive loans, grants scholarships, repayment assistance programs, bursaries and fellowships.
These financial assistance programs are normally administered through the Office of Student Financial Aid & Scholarships (SFAS) on behalf of the different levels of government that make them available.
The government runs a student aid program, Ontario Student Assistance Program (OSAP) through which students can be able to make the best use of the financial aid programs. There are different kinds of aid available.
Students are encouraged to either apply for the OSAP or 30% off Ontario Tuition. Just in case you are not aware, the fact that you have applied for OSAP means that you automatically qualified for the 30% off Ontario Tuition program so you do not need to fill in a different application for it.
NSLSC and Ontario Student Assistance Program (OSAP)
OSAP provides financial assistance to students through two ways. You can either get money grants or a student loan. The difference between these two is that unlike student loans that have to be paid back, money grants do not have to be paid back.
These financial assistance programs are offered by both the federal government and the government of Ontario. From the moment you fill in application for one OSAP, you will have access to so many other financial aid programs which are relevant to your financial situation.
OSAP is available for students who are attending a public school or even a post-secondary school not just in Canada, but all over the world as long as the school is among the list of schools accredited by OSAP.
To qualify for OSAP you need to at least be legally a citizen of the Canadian republic, be a permanent resident or a protected person under the laws of Canada.
There are a number of things that the government considers when determining student eligibility for OSAP, which can include anything from your marital status, the program of study that you are enrolled in, your family expenses and the financial contribution that your family is making towards your education.
However, in the event that you have ever defaulted on a student loan, failed to pass a credit check or in the unlikely event that you have been declared bankrupt, you will definitely not qualify for the loan. This ineligibility is also applied to international students whether or not they meet the eligibility criteria.
*In the event that you are single and have no dependents, you can get up to $12,240, while married applicants are eligible for $19,040.
