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There is a maximum lifetime limit of 340 weeks of assistance for full time students (extended by an additional 60 weeks for students enrolled in doctoral studies). Part-time students can receive up to $10,000 (in combined principal and interest) in Canada Student Loans over the period of studies.
You can apply for federal student loans for graduate school by submitting the Free Application for Federal Student Aid, or FAFSA. Graduate students dont have to include their parents income information on the FAFSA. Your school will send you a financial aid award letter based on your FAFSA.
Direct PLUS loans are federal loans that graduate or professional degree students or parents of dependent undergraduate students can use to help pay for education expenses. Direct PLUS loans have a fixed interest rate and are not subsidized, which means that interest accrues while the student is enrolled in school.
Stafford Loans are available for undergraduate and graduate students and come from Direct Stafford Loans made by the U.S. Department of Education. You will repay a Federal Direct Stafford Loan to the U.S. Department of Education.
Alberta Student Loans | Interest Rate Change Floating and fixed interest rates on Alberta student loans is reduced to the prime rate as of July 1, 2023. Alberta Loans Prior to July 1, 2023: The floating rate is CIBC prime rate plus 1%, and the fixed rate is CIBC prime rate plus 2%.

People also ask

A federal student loan is money borrowed from the federal government to help pay for your education, that must be repaid with interest. When will I receive my financial aid?
The Canada Student Financial Assistance Program offers grants and loans to full-time and part-time students to help pay for their post-secondary education. Apply with 1 application, through your province or territory of residence. You dont need to pay back grants. You do need to pay back loans after finishing school.
The U.S. Department of Education makes Direct PLUS Loans to eligible graduate or professional students through schools participating in the Direct Loan Program. (We also offer Parent PLUS loans.) A Direct PLUS Loan is commonly referred to as a grad PLUS loan when made to a graduate or professional student.
Grad PLUS loans can be forgiven under Bidens new student loan planup to $20,000, depending on your income and whether you received a Pell Grant or not. But if youve still got student loans from undergrad, those will be forgiven first under this policy.
The $138,500 combined subsidized/unsubsidized aggregate loan limit for graduate and professional students includes loans received for undergraduate study. The $65,500 subsidized aggregate loan limit for graduate and professional students includes subsidized loans received for prior undergraduate study.

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