Crisis Financial Aid
Crisis financial aid is designed to help students through an unexpected, temporary financial crisis. By definition, a student's experiences are considered unexpected if he or she did not know that the situation was coming and could not have planned for it.
To be eligible for crisis aid consideration, a student must:
- be a registered student at the University of Saskatchewan
- have an academic record sufficient to suggest promotion eligibility
- demonstrate that financial resources are becoming available to support completion of their program
- have used all available assets and resources to support their education prior to application for crisis aid
Crisis aid is not intended to cover overdue fees and debts from other University departments (e.g., tuition, student fees, residence fees, library fines, etc.).
For more information about the types of crisis financial aid available to students, please contact Student Central including a brief description of your needs and a phone number where you can be reached.
Lines of credit and bank loans
Lines of credit and bank loans are two ways students can borrow money from financial institutions. A student line of credit gives you access to an agreed-upon amount of money that you can withdraw when needed. A bank loan allows you to borrow an agreed-upon amount of money up-front.
Before taking out a line of credit or bank loan:
- Shop around to find a bank/financial institution that offers the best package for you
- Negotiate with your preferred financial institution to match the best offer from a competitor
- Ask for a detailed explanation of the loan terms to ensure you understand all the details, especially repayment terms
- Talk about the interest rate and options for lowering it