Current Students stripes
spacer on top of red menu spacer spacer on top of red menu spacer spacer spacer
Queen's University
SGR Home Prospective Students Current Students Faculty & Staff Alumni
School of Graduate Studies
2016-2017 Academic Year
spacer
spacer
spacer

Calendar Home

Search



Graduate Studies Awards & Financial Assistance Queen's University Student Loan Funds


Queen's University Student Loan Funds
Queen' University, its graduates and friends have established a number of loan funds for the assistance of undergraduate and graduate students. Loans are made on the basis of financial need, academic merit, and general integrity. An applicant for a University loan must have obtained a minimum average of 55 percent in the session immediately prior to application. Short term loans of ninety days or less may be granted to students who are temporarily in need of funds and who can produce satisfactory evidence that they will have sufficient money to make payment on or before the due date. A service charge of 2 per cent of the principal amount (minimum $5) is charged at the time the loan is obtained. No other interest or service charges accrue so long as the loan is not allowed to become overdue. General or long term loans can be available for students who require assistance for more than ninety days. Before financial assistance is given, the loan committee must be satisfied that the applicant has applied to all other eligible sources of aid. The interest rate on general loans is the same as the bank rate the University is able to obtain for itself, and the interest is compounded monthly. Students will be advised of the interest rate in effect at the time application is made. Interest rates will be set on 30 September each year and the new rate will apply to all outstanding loans. Repayment of long-term loans must normally be made by 30 September following the date on which the loan was granted. Year by year extensions of the due date may be negotiated between the borrower and the Associate University Registrar (Student Awards) while the borrower continues to be a full time student at Queen's University. Another loan for the next year may be granted if the student applies and justifies the need. Students contemplating an application for university loan assistance should determine their income and expenditures for the session and apply at least two weeks in advance of the actual need. Application for a university loan should be made at the office of the Associate University Registrar (Student Awards),  Gordon Hall or applications are available on the Student Awards Office web page: http://www.queensu.ca/registrar/awards/
Graduate Studies Awards & Financial Assistance Queen's University Student Loan Funds
previous chapter previous page next page next chapter
black border top of footer Queen's University black border top of footer black border top of footer black border top of footer black border top of footer
spacer spacer spacer
spacer ©2003 Queen's University,
Kingston, Ontario. View Disclaimer.
spacer Privacy Statement School of Graduate
Studies
Search
black line
black border bottom of footer black border bottom of footer black border bottom of footer
spacer spacer spacer spacer spacer
spacer spacer spacer