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Question for current students, but does having a line of credit affect the amount of bursaries available?

I know that you have to apply for a line of credit to even apply for a bursary, but if you are approved for one, does that lower the amount of bursaries available (even if you aren't really going to use the line of credit)?

 

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Posted (edited)
2 hours ago, Luckycharm said:

No

This is incorrect. Amount of debt and availability of funding absolutely do affect the quantum of bursary awards. Osgoode explicitly states as much: 

Quote

The primary criterion for receipt of a bursary is financial need. Decisions are made based on a variety of considerations, including available resources, expenses, accumulated educational debt and personal factors, including medical and familial circumstances.

[Emphasis added]

Edited by BlockedQuebecois
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11 hours ago, BlockedQuebecois said:

This is incorrect. Amount of debt and availability of funding absolutely do affect the quantum of bursary awards. Osgoode explicitly states as much: 

[Emphasis added]

Doesn't accumulated educational debt refer to undergrad debt, rather than applying for a line of credit for LS?

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I think an LOC would have a positive effect on bursaries though. They want to see that you’re stretching yourself as thin as possible, seeking financial support from all other avenues before seeking it in the form of bursaries. 

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5 hours ago, Toby1994 said:

Doesn't accumulated educational debt refer to undergrad debt, rather than applying for a line of credit for LS?

It includes both, although in first year it will obviously only include pre-law school debt. 

4 hours ago, 0Lawschool2020 said:

I think an LOC would have a positive effect on bursaries though. They want to see that you’re stretching yourself as thin as possible, seeking financial support from all other avenues before seeking it in the form of bursaries. 

You're not eligible for bursaries unless you have a PSLOC or can show proof you were denied a PSLOC by two or more banks, so this isn't a consideration.

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