Financial Aid

Cashing Your Student Loans

Cashing Your Alberta Student Loan Agreement

If you are eligible for an Alberta Student Loan, you will receive:

1. an Alberta Student Loan Agreement. Your Alberta Student Loan is issued directly from the Government of Alberta and processed through EDULINX, Alberta's student loan service provider.
2. an information sheet with instructions on how to cash
   • a confirmed Alberta Student Loan (155K pdf), or
   • an unconfirmed Alberta Student Loan (158K pdf)
3. a list of participating Canada Post outlets (22K pdf) in Alberta that will accept your Alberta Student Loan.

Important: NAIT may have an EDULINX representative on campus to process your loan documents in Fall 2011. Check back for updates.

Important process for Alberta Student Loan Agreements that may apply to you

(This process DOES NOT apply to your Canada Student Loan Certificate).

If you cashed an Alberta Student Loan Agreement since August 1, 2006, you may be eligible to have your future Alberta Student Loan funding automatically paid without receiving or signing another Agreement.

If you are eligible for this process, EDULINX will automatically deposit funds directly into your bank account, or send you a cheque if your banking information is not provided.

Important: NAIT may request your tuition fees be paid directly to them from your loan. This amount will be indicated on the loan certificate(s). You can also find out the amount that has been paid to the school at EDULINX. If you disagree with the tuition amount paid to your school, contact the NAIT Financial Aid Office to negotiate directly. Otherwise you could end up paying your tuition twice.

Cashing Your Canada Student Loan Certificates

If you are eligible for a Canada Student Loan, you will receive:

1. a Certificate of Eligibility and Canada Student Loan Agreement. Your Canada Student Loan is issued directly from the Government of Canada and processed through the National Student Loans Service Centre.  If you do not receive your Canada Student Loan certificate approximately two weeks before the disbursement date shown on your Notice of Assessment, contact the Student Funding Contact Centre..
2. an information sheet with instructions on how to cash
   • a confirmed Canada Student Loan (120K pdf) , or
   • an unconfirmed Canada Student Loan (123K pdf)
3. a list of participating Canada Post outlets (22K pdf) in Alberta that will accept your Canada Student Loan.

Frequently Asked Questions

When should I cash my loan documents?

Your Alberta Student Loan Agreement and/or Canada Student Loan Certificate must be cashed before your academic year end date. You must also cash your loans within 30 days of them being signed. If 30 days has passed since your loans have been signed, you will need to have them resigned by the NAIT Financial Aid Office.

What if I don't use the loan documents?

If you don't use the Agreement and/or Certificate (e.g. you may decide not to attend school or you no longer need a loan), you must return the documents for cancellation along with a detailed explanation as to why you no longer need the loan, to:

Students Finance
PO Box 28000 Stn Main
Edmonton AB T5J 4R4