Help for: Outstanding Federal Loan Amount
Outstanding Federal and Provincial/Territorial Loan Amount
Please enter the total outstanding federal and provincial or territorial loan amount as indicated on your latest federal and provincial/territorial loan statement. Please only enter the principal owing.
Why is this asked for?
The total outstanding federal and provincial and territorial loan remaining is used to determine how much you would need to pay monthly in order to have your loan paid off within a specific period of time. This is called the Required Payment and is compared to the amount that is considered affordable based on your gross family income.
If you do not know the federal loan amount because your loan is from an integrated province (Ontario, Saskatchewan, Newfoundland/Labrador or New Brunswick) then you can estimate the Federal portion of your loan total by entering 2/3rds of your total loan (e.g. multiply your total loan amount by 0.66).
For those provinces that do not participate in CSFA Program, please consult your provincial or territorial student loan office to learn about their repayment assistance programs.
(Go To Field:Outstanding Federal Loan Amount)