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Benzo

When to apply for LOC?

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Hi Everyone, 

I received an offer of admission and will be starting law school this September. I will be needing an LOC to finance my living expenses. When do most people apply for the LOC? Would March/April be too early to apply?

Thank you

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Most apply for April/June, though if you already know where you are going - apply for the PSLOC and get it done now. The interest only accrues when you pull $$ from the PSLOC anyway.

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On 3/14/2020 at 3:42 PM, AutumnBleed said:

Most apply for April/June, though if you already know where you are going - apply for the PSLOC and get it done now. The interest only accrues when you pull $$ from the PSLOC anyway.

Do you know if I just need my acceptance letter? 

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19 hours ago, Stitches said:

Do you know if I just need my acceptance letter? 

To apply yeah, to withdraw most ask for proof of enrollment

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I am just finalizing the procedure right now.

I met with a few banks but settled with Scotiabank as they were offering the best package.

To begin the initial approval stage, you just need to provide a copy of your acceptance letter. Afterwards, I met with my rep and signed the forms after being approved.

I do not get access to the funds until I can provide proof of registration, which I probably won't get until the summer, so I anticipate having access to the first instalment within 3 months of the Fall term.

I will also be applying for government/provincial student aid and university scholarships in May/June.

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hey guys, how do you think the COVID 19 will affect the timing to apply? I was going to wait a couple weeks to finish my application since i recently paid off my visa card (a few weeks ago) and I was just waiting for it to be reflected with the credit Bureau before I apply. However, now I'm not sure if the monthly reporting to the Bureau's will be delayed with the restricting of business operations.. also, I've heard that things will become more restricted in the days to come - this is only what I've heard and I'm not sure how valid this is!

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On 3/17/2020 at 2:26 PM, Astrowelkyn said:

I anticipate having access to the first instalment within 3 months of the Fall term

Isn't that a bit late? The deadline for Tuition payment is usually within the first month of classes. 

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7 hours ago, robobrain said:

Isn't that a bit late? The deadline for Tuition payment is usually within the first month of classes. 

I'm pretty sure I could access the funds the next day after providing proof of enrolment. 

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