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2025-05-01T04:35:41Z

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==Procedure==
'''Apply Online'''
#To calculate the Student Loan Repayments online, the applicant has to visit the following [https://tools.canlearn.ca/cslgs-scpse/cln-cln/crp-lrc/af.nlindex-eng.do apply online]
#Click on the link provided above and the Student Loan Repayments Estimator will get opened on the screen.
#The estimator will have two options with same fields. In both the options, the calculator contains fields to be filled with details like loan amount, rate of interest, etc.
#Refer the “Required Documents” section of this page for knowing what are all the particulars required.
#If the applicant is already in a loan and wishes to calculate only the repayment amount of that loan, he/she can use any one option.
#If the applicant is about to take a loan and needs comparison of any two choices, he/she can make use of the options 1 and 2.
#In both cases, the applicant has to enter the required details in the respective fields provided and click “Calculate” button.
#After processing the provided information, the calculator displays the results in a tabular column, immediately.
#The applicant need not pay any fees for the process and the service is free.
 
==Required Documents==
*Loan Amount at the end of the course
*Prime Rate and type of interest
*Period of Non-repayment
*Number of months required to repay

 
==Office Locations & Contacts==
'''Alberta Education''', 
44, Capital Boulevard, 
10044 – 108 Street, 
NW, Edmonton, 
Alberta T5J 5E6 
Telephone: 780-427-7219, +1 780-427-0010 
Toll-free: 310-0000 
Website [https://www.alberta.ca/education.aspx link] 
Contact [https://www.alberta.ca/education-guide-alberta-education-contacts.aspx link] 
National Student Loans Service Centre contact [https://protege-secure.csnpe-nslsc.canada.ca/en/public/contact/contact-us link] 
Education planning Website [http://www.esdc.gc.ca/en/post_secondary/index.page link] 
 
==Eligibility==
Students in Alberta, who have already taken or about to take a student loan, are eligible. 

 
==Fees==
The service is free. 

 
==Validity==
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever
 
 
==Documents to Use==
Please attach documents that can be used by people. e.g. links
 
 
==Sample Documents==
Please attach sample completed documents that would help other people.

 
==Processing Time==
The results will be provided immediately. 

 
==Related Videos==
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.
 
 
==Instructions==
*If the applicants choose a floating interest rate at consolidation, their total interest payable may fluctuate with changes in the prime rate.
*They have 2 interest rate options to choose from, for their Canada Student Loan such as a floating interest rate equal to the prime rate, or a fixed interest rate of the prime rate + 2%.
*The prime rate comes from the rates of the 5 largest Canadian banks. The highest and the lowest prime rates are removed, and then an average of the remaining 3 is used.
*The standard number of payments is 114 if the applicants start their payments 6 months after studies or 120 if they do not. Payments they make during the six-month non-repayment period will be applied directly to the principal of their loan.
*They may however, request a longer repayment period of up to 174 months (with the non-repayment period) or 180 months (without) by changing the terms of their loan agreement.
*Refer the following link for more instructions [https://tools.canlearn.ca/cslgs-scpse/cln-cln/crp-lrc/af.nlindex-eng.do relevant instructions]
 
 
==Required Information==
*Total amount of the loan at the end of studies
*Select a fixed or floating interest rate
*Prime rate to be used for the calculations
*Non-repayment period options
*Number of months the applicants will need to repay their loan

 
==Need for the Document==
The Loan Repayment Estimator can help the students estimate the monthly payments they will need to make to repay their Canada Student Loan or other government student loans. 

 
==Information which might help==
*The information that the users enter will not be shared, saved, stored in a database, or used for any other reason.
*To know how to repay the student loan, refer [https://www.canada.ca/en/services/benefits/education/student-aid/grants-loans/repay.html how to repay]
 
 
==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.
 
 
==External Links==
Place some external links which might help.
 
 
==Others==
More information which might help people.
 
[[Category:Alberta]]

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