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Coop and Student Loans

hehehe
edited August 2013 in General
Does anybody know if you can do coop term and get student loan? 

Comments

  • BeAnBeAnBeAnBeAn
    Can you?
  • hehehe
    That's what i'm asking. 
  • BeAnBeAnBeAnBeAn
    That's what I'm asking too.
  • csguy
    I haven't done this myself but a few of my friends were able to get student loans on a coop term.
  • ryan
    Students on a coop term are considered full time students, so I don't see why not. Then again I'm not sure why you would really need to. Coop tuition is less than regular tuition, plus you will be working getting paid (I hope...those volunteer/stipend jobs are often traps depending on your major)
  • andy
    Yes
  • iStudent
    I'm pretty sure they will give a student loan for the term you do co-op in, but when you return to school you won't get anymore loan since they expect students to save the earnings from the term they were working. I missed a term at sfu, and wasn't able to get loan for the term after, since they told me I'm expected to use the missed term to work and save up for upcoming courses
  • BeAnBeAnBeAnBeAn
    ^That doesn't make sense. It's solely based on your resources vs. need, not whether you saved up the resources or not. 
  • GRP
    i made $1000 over the last 4 months but i already spent it all. Studentaid bc will still count part of my $1000 as my resources calculation even though there is none left. 
  • hehehe
    Thanks guys

    I was only asking because one question asks "are you working full time", and if I answer yes, It says I cannot get student loans. 
  • BeAnBeAnBeAnBeAn
    Co-op is different from working full-time. Co-op counts as school I guess.
  • hehehe
    I've confirmed the following information with SFU.

    You cannot get student loans while on coop term; however you can complete an interest free application. 
  • GRP
    that is good to know, ill keep that in mind
  • iStudent
    @beanbean The fact that you weren't attending school the term before is a huge factor with the calculation of resource vs. need. Trust me, i had a long argument over the phone about this with student aid BC. They said I could appeal, since I wasn't working; but, it is expected that students work and save up for the upcoming terms.
  • BeAnBeAnBeAnBeAn
    ^hm never knew that. Good incentive to never take time off I guess.
  • iStudent
    Yep, I'm never going to take a term off again
  • BeAnBeAnBeAnBeAn
    Or you could, and just not waste all your money on Runescape gold. 
  • iStudent
    edited August 2013
    LMFAO! Sadly, I admit to have wasted my share of money on runescape gold in the past. Stalker LOL
  • BeAnBeAnBeAnBeAn
    Lol cuz ur sexy and I follow you around the university sometimes and I sit behind you in a class which I won't say. 
  • BeAnBeAnBeAnBeAn
    That's the second time I've been called a stalker in a matter of 2 days on this forum btw. I'm on a roll.
  • iStudent
    LIES i sit in back row of all my classes XD how does it feel to be labelled stalker LOL
  • BeAnBeAnBeAnBeAn
    Pretty fuckin awesome. And well I meant to say I sit beside you not behind.
  • iStudent
    That's impossible, I always make sure i sit behind you and stalk you :p
  • BeAnBeAnBeAnBeAn
    That's impossible, if you sit in the back row of all your classes.
  • iStudent
    Nothings impossible
  • BeAnBeAnBeAnBeAn
    Never say never
  • iStudent
    Never

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