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Does anyone here know of loans other than OSAP (other gov't related loans) and bank loans that we can get? Bursaries, etc?
Thanks!
Thanks!
Loans available for Canadian residents
- Thread starter Bullettime
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I have been wondering about this myself. I am from Quebec so our loans are completely different! I have looked into banks and from what I have found, Bank of Montreal gives vet med students up to 150K. CIBC is 125k and down from there. This is only from the info that I have read online- I have not actually applied for any of these loans.
A vet I worked for actually got married to get more loans (this was back in the 80's- but I believe that it may still hold true.) I mean, if your husband/wife have an income a bank may be more likely to lend you money.
This is all I know. I am on a waitlist, so I do not want to get stressed over money just yet. However, it is good to know what is available in the event of an acceptance!
Plus, you could always donate a kidney- or dance in the street!
A vet I worked for actually got married to get more loans (this was back in the 80's- but I believe that it may still hold true.) I mean, if your husband/wife have an income a bank may be more likely to lend you money.
This is all I know. I am on a waitlist, so I do not want to get stressed over money just yet. However, it is good to know what is available in the event of an acceptance!
Plus, you could always donate a kidney- or dance in the street!
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Plus, you could always donate a kidney- or dance in the street!
Naw, egg donation is where its at...some people get paid 20K for that stuff!
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Hello,
I know that most banks have a professional line of credit. As was mentioned in one of the earlier posts the amount varies between banks. Basically you go in with your acceptance letter and a co-signer and within a day or two you get approved for the amount allotted to veterinary students at that particular bank.
How it works is you get an installment every year for 4 years and you draw down on that amount. You would pay interest (typically prime + 1) every month only on the amount you have used (not on the total amount of the loan). Then most banks give you 6-12 months post-graduation to start paying back the principle amount, but in those 6-12 months you would still be paying interest on the amount you have used.
I hope this helps!
Blackpolar
I know that most banks have a professional line of credit. As was mentioned in one of the earlier posts the amount varies between banks. Basically you go in with your acceptance letter and a co-signer and within a day or two you get approved for the amount allotted to veterinary students at that particular bank.
How it works is you get an installment every year for 4 years and you draw down on that amount. You would pay interest (typically prime + 1) every month only on the amount you have used (not on the total amount of the loan). Then most banks give you 6-12 months post-graduation to start paying back the principle amount, but in those 6-12 months you would still be paying interest on the amount you have used.
I hope this helps!
Blackpolar
