Mods, I am putting this here instead of F&F because it's not really about the finance itself but the process of the loans
I have a question about my loans. I've never taken out student finance before, I paid my own way when I was studying my B.Sc. I sighed and submitted my loan agreements last week, and I was looking at my carbon copies and I'm a little bit confused.
I know my Alberta student loa funds are being remitted directly to my school- awesome, less work for me to do. I had submitted a blank cheque for my federal loan to be deposited into my account, and now as I'm looking at the form it says in Section 3 (Educational Institution section) in the far right hand side under "special instructions", it says "Remit this amount to the EI listed above- $6173"
So, I'm assuming this means that the $6K and change will go directly to the school. Which means that the school will be receiving a chunk of my loans that is GREATER than my tuition.
How does this work? Does the school reimburse me?
I have a question about my loans. I've never taken out student finance before, I paid my own way when I was studying my B.Sc. I sighed and submitted my loan agreements last week, and I was looking at my carbon copies and I'm a little bit confused.
I know my Alberta student loa funds are being remitted directly to my school- awesome, less work for me to do. I had submitted a blank cheque for my federal loan to be deposited into my account, and now as I'm looking at the form it says in Section 3 (Educational Institution section) in the far right hand side under "special instructions", it says "Remit this amount to the EI listed above- $6173"
So, I'm assuming this means that the $6K and change will go directly to the school. Which means that the school will be receiving a chunk of my loans that is GREATER than my tuition.
How does this work? Does the school reimburse me?