Best loan option for Canadian students

[medahb]

What is a better or the best loan option for Canadian students? So far the only one I know of is canHELP, but even they are not as good as others offered to American students. Can anyone help me out with this?

Thank you.

[maserati]

i don't think that canhelp + osap would be enough.

[tpw2k]

if you look at the COE sheet that they provide. it says around 15,000US per semester, there are 10 semesters, so total is 150,000. How is 160K not gonna be enough?

If you really want to be a doctor, this is the only option available, why pass it up?

[CMSS]

For those of you who haven`t yet applied for RBC loan, try to get the prime ineterest rate from them. They say the interest rate is prime +1%, but my dad (co-signer) asked them to give me the prime rate and they accepted. So I guess it is worth the try.

[you5]

Hi,
since 2003 I had also the same problem with RBC, perfect credit history etc....but still got denied ...by the way I was from montreal, quebec.....I never knew why I was denied...the guy did not even judge necessary to reply to the message I left him at ste catherine street branch...this famous Mr Roosevelt...and I tried many RBC branch..all screwers giving wrong hopes, remarks such as "no problem, we apply and within 24hours you will get the cash on the table" etc.....nothing!
anyway, it is not until last year that after reading through many posts that i really figured out about the difference between quebec and ontario....so from montreal I called a branch in ontario, the lady was very nice and did all her best to me....at first she said"with your credit history no problem you do not even need a cosigner"...the day after..bad news once again...as the school was out of canada i needed a cosigner....i remember exactly the lady saying that it was a new rule implemented on the april 2006 and I applied on may 2006...was it true ...i will never know.....
the only amount I got was 30 000 with a cosigner...I know that she did her best for sure...but I know a guy from RBC told my father in law that it was more because of my origin (french from france with origins from morocco as my parents immigrated in france in the 60's)...anyway i took this 30 000 dollars....
now I am it is september 2007...i got accepted in total to 4 med schools and never start...so i came back to europe ...in the UK precisely...and I have been accepted to medicine in the UK ...but to get in i had to work my b"£$% hard in the pharma industry and save lot of money....fortunately for me I am also european citizen (french) and will benefit from finance and loans from banks in the UK. and france...and also I will apply to canhelp and do my med school in the UK....then work my USMLE and then residency in the US.....hopefully all this new life will start next september 2008 after 5 years lost because of stupid people ruling RBC branch........

Conclusion: each agency applies its own rules, and RBC officers only obey to numbers and assess the risk you might represent compared to the money they give you....

obviously: my french citizenship + moroccan origin +canadian citizenship+ canadian family in law as a cosigner + EXCELLENT CREDIT HISTORY did not seem to please enough to RBC ....

Now I am happy to get back to europe ...but I miss Canada a lot...and I am just sad that I did not attend SABA ....ok UK med school is good to, but i feel Canadian more than european now.......

Therefore I think I understood well how capitalist the world is and how banks do not care about my dreams and my goal but only about money..behind all their adverts on the street and in leaflet to the attention to med student it's only b£"$£%t!!!

I am happy to see that I have saved lot of money in europe so i will borrow as less money as possible...and once I am a doctor all these f£$£"$£" banks who will bent on their knee to welcome me, I will just remind them this 5 years of my life they made me waste, to finally invite them to offer their money to another doctor....

all I had to say.....

[md.hopefully]

hey u guys, i know that there is already a thread for Canadian loan but i was looking for some very URGENT replies.
i went to RBC's branch in toronto and the representative was asking for additional documents that none of the posts mentioned here. for instance, he wanted to get my transcript to see if i was ELIGIBLE to get the loans and also to prove that i have a degree, but i told him that even the school itself didnt want a degree from us as long as we complete the required prereqs. But since i havent had my convocation, i do not even have a degree on my hands. but whats up with the transcript???
my question is that is it a norm for RBC to ask for degrees and transcripts?
T4 i presume is required from a co-signer right?
oh and apparently the guy said that will take an entire week for him to process this application.
i was like What the ****

can anyone please answer these questions as this is really giving me a headache..thanks in advance guys
-md.hopefully

[maserati]

I am applying to CanHelp student loan *withOUT* a co-signer.

They informed me that in order to be eligible:

You have to be employed for the past 2 years.

*** HOW DO THEY EXPECT STUDENTS TO JUGGLE FULLTIME UNIVERSITY STUDIES AND WORK CONTINUOUSLY DURING THE WHOLE YEAR !?! ***

HAS ANYBODY APPLIED FOR CANHELP WITHOUT A COSIGNER AND ENCOUNTERED ANY PROBLEMS ???

Or is this just something they tell you over the phone but in the actual application, they don't put much emphasis?

PLEASE HELP : I really hope I can still go to SABA.

[tpw2k]

maserati. call up gardner and ask them to walk you through the sign up process for canhelp, you do NOT have to be employed for 2 years. You write student under that heading. Call them up, the financial aid department is very good at these matters.

[maserati]

maserati. call up gardner and ask them to walk you through the sign up process for canhelp, you do NOT have to be employed for 2 years. You write student under that heading. Call them up, the financial aid department is very good at these matters.

Did you apply with a co-signer?

[maserati]

For those with RBC + cosigner loans:

1) how much did you get?
2) what is the interest $$$ ( per year ) ?

[topboy]

For those with RBC + cosigner loans:

1) how much did you get?
2) what is the interest $$$ ( per year ) ?

i got the max $150k @ prime.