A trip to the bank
Brainstorm questions participants might ask your banker.
- How flexible are they with repayment?
- What options are available if you are having trouble repaying the loan?
- How fast can they get money to you after a loan has been processed?
- What kinds of services are available to students? What is the cost of these services? Are there less expensive services that can be suggested?
Check with the financial aid office at your college or university about upcoming workshops or orientation sessions on financing education.
StudentAid BC helps eligible student with the cost of their post-secondary education. It also features information on other student financial assistance programs, such as Canada Study Grants, Adult Basic Education Student Assistance Program, bursaries and scholarships. It also has programs for borrowers who need help repaying their loans.
Canada Student Loans Program
This site features information on the Canada Student Loan Program, and provides links to lenders delivering student loans. It also provides links to provincial and territorial student aid programs, and Student Need Assessment Software, and interactive web application that will give you an idea of what your student loan might be. There is also an extensive list of related sites focussing on post-secondary education, financial aid, and career planning.
Canadian Bankers Association
This organization offers a variety of booklets and materials that explain banking services, loans, and repayment issues. Available by calling 1-800-263-0231, or writing: Building a Better Understanding, c/o Canadian Bankers Association, Box 348, Commerce Court West, 199 Bay St., 30th floor, Toronto, Ontario M5L 1G2.
Choices & Decisions: Taking Charge of Your Life
This module-based learning package covers financial planning, budgeting and decision making, and includes an interactive CD-ROM, 12 chapter lesson plan, handouts and activity guide relevant to high school students from diverse backgrounds. Published by the Canadian Intramural Recreation Association (CIRA) with the support of VISA Canada Association. Copies may be ordered by teachers by contacting CIRA at 1600 James Naismith Drive, Gloucester, Ontario K1B 5N4. Online order information is available at http://www.activeliving.ca/cira
Most Canadian financial institutions offer individual brochures and booklets with information for students about banking, budgeting, credit card use and debt issues, as well as tips on financing education. Many banks and credit unions also maintain web pages with information of specific interest to post-secondary students, including:
Bank of Montreal Student Services http://www4.bmo.com/studentbanking/
CIBC Student Centre http://www.cibc.com/needs/student
Royal Bank – budgeting software http://www.royalbank.com/english/personalfinances.html
Scotiabank Student Link http://www.scotiabank.ca/
Toronto Dominion Student Central http://www.tdbank.ca/