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Posts Tagged ‘student loans’

I’m heading into the final stretch of the “go-back-to-school-for-my-second-degree” experiment and UBC reminds me again of why they piss me off so damn much.  I didn’t take out students loans this time around because when I was young and stupid and financially irresponsible, I racked up almost $40k in student loans.  I don’t want any more.  But I do want my interest-free period while I’m in classes.

So a week ago I went online, filled in my interest-free request for the summer session.  Done.  Right?

I got this message back today:

You have applied for and have been assessed for government student loan funding from Student Aid BC or have applied online for interest-free status for the Summer 2011 session. However, UBC is unable to confirm your enrolment because you are not meeting the minimum loan requirements. The specific error with your registration is that you have more than 10 business days between the end and start dates of your classes in total.

Please keep in mind; to be eligible for loans with during Summer Session you must satisfy all of the following criteria:

*       Enrol in at least 9 credits (audited, wait-listed and withdrawn courses do not count)

*       Enrol in a combination of courses that together form a study period that is at least 12 consecutive weeks long. Individual courses can be shorter than 12 weeks

*       Have no breaks longer than 10 working days between courses

I’m taking 3 classes, for 9 credits which total at least 12 weeks in length.  Otherwise known as a full time course load.  But with the way UBC structures summer terms, there happens to be a break of more than 10 classes between my term 1 classes and my term 2 classes.  AGHHHHHHHHH.

Mainly I’m pissed off because if the break had been at the beginning or at the end of the summer, there would be no problem and I would get some interest relief.  But just because the break is in the middle, I don’t get any interest relief, despite still taking the correct number of credits and class hours in total.

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