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What do you need to know about your loan?
PEI Student Financial Services
PEI Student Financial Services provides financial assistance on the basis of your calculated need, as determined by our office. It is important to remember that not everyone is eligible for a loan and not everyone gets the maximum amount. The financial assistance you receive is based on our assessment formula which considers your total educational costs and your financial resources. This assistance may be provided in the form of a student loan or a grant.
It is important to realize that a student loan is a loan and that it is a financial obligation that you will have to pay back in the future. You should know how much you are receiving for a loan and also what your obligations are concerning your loan. Students are responsible to keep up-to-date on their loan payments.
One Application for Two Loans
PEI Student Financial Services administers both the federal and provincial student loan programs. Because we look after both the federal and provincial loans, only one application has to be completed to apply for both the federal and provincial loans.
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This information has been taken from website "Innovation and Advanced Learning"