Getting Your Money
If you've been approved for student aid, congratulations!
The next step is to get your money, here's how that happens:
You sign and return a Consent and Declaration form (first time applications only)
If you applied on-line for the first time, you'll be asked to sign and return a Consent and Declaration form. Read the instructions carefully, then complete and return this form as soon as possible so you can quickly proceed to the next step. If you are a dependent student and provided your parent's information on the on-line application, your parents will also need to sign the Consent and Declaration form. If you are married, your spouse will be asked to sign the Consent and Declaration form.
Your post-secondary institution confirms your enrollment
If you applied as a full-time student, we will ask your post-secondary institution to confirm that you are enrolled in the program you indicated on your application. Part-time students will be asked to provide this information on the application.
You may automatically receive your Alberta student loan funding
If you applied for student aid before and provided your banking information, your Alberta student loan funding will be directly deposited into your bank account. If we don't have your banking information, a cheque will be mailed to you.
You sign your loan agreement
You will receive your Canada Student Loan Agreement in the mail. If you are a first time applicant or your school has not confirmed your enrolment you will also receive an Alberta Student Loan Agreement in the mail. Instructions on what to do with them will be included.
You will receive some Cashing Instruction Sheets along with your Canada or Alberta Loan Agreement. It is important for you to read and follow the instructions so you get your money before your post-secondary program begins.
You return your signed loan agreements
After your loan documents are signed, send them to EDULINX and the National Student Loan Service Centre so you can get your money.
Representatives of EDULINX and the National Student Loan Service Centre may be at your post-secondary institution to help you process your loan documents. Check back for the 2013 Fall Schedule for dates and locations. Otherwise, you can visit a designated Canada Post outlet or mail your forms directly. Remember to bring two pieces of ID and follow the instructions on how to cash your loan agreement so we can get your money to you without delay.
If you provide your banking information, your loan funding will be deposited into your bank account. Otherwise, you will receive a cheque in the mail.
Getting your grant
If you are a full-time student and receiving a Canada or Alberta grant, a cheque will be mailed to you about six days before the date shown on your Notice of Assessment. Part time students can pick up their cheques at their post-secondary institution. All loan agreements must be cashed before you cash any grant cheques.
Student aid expires at the end of the school year
You must cash your student loans and grants before the end of your academic year. If you don’t use the funds or withdraw from study, or change your enrollment, please return the documents for cancellation, including a detailed explanation as to why this money is no longer required, to:
Student Aid Alberta
PO Box 28000 Stn Main
Edmonton, AB T5J 4R4
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How is your tuition paid?
Your post-secondary institution may request your tuition fees be paid directly to them from your loan amount, so the total amount you receive may look different than the amount you've been awarded. Check with your institution before paying your tuition fees, as they may have been already paid by your student loan.
Your funding amount is calculated to help you meet the basic costs of learning and living, so it's important for you to tell us about any major changes to your life - such as getting married, moving, getting a new job, or changing your education program.
Please also notify us if any of your contact information (including your name, address, phone, and email) changes, so we can continue to send you updates about your loans, including your annual tax receipts.
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