Processes (*NEW* getting 2021-22):
Step 1: Apply directly to the lender of choice. Note that the University of Toronto is set up for processing with Sallie Mae Student Loans.
Step 2: If approved for funding, request that U of T certify the loan. Make the request by completing the form: Obtain Choice/Individual Loan School Degree.
Step 3: Log into the Of Province Request Site and submit a U of T Alternative Loans/Private Loans application (Sallie Mae Student Loans or Earnest Student Loans). Upload the completed Request Solution/Individual Financing College or university Qualification form to the Out of Province Request Portal.
Note: All students must submit a U of T Alternative Loans/Private Loans application and complete the Request for Alternative/Private Loan School Certification form each year that they wish to receive alternative or private loans
Information:
- Control Go out: Tuition fees are finalized and made available to students in their ACORN accounts in mid-July. After that period onwards, loan certification forms will be processed within three weeks of being received by Enrolment Services and in date order as submitted by students.
- Limitation Loan Number: Loan amounts requested in U.S. dollars must be less than the Cost of Attendance (Tuition + Living Expenses).
- Alerts: Once the loan has been certified by Enrolment Services, students will be notified via email to their U of T email address.
- Letter for Study Permit Objectives: When students upload the Request for Alternative/Private Loan School Certification form to the Out of Province Request Portal, there is an option on the form to request a letter from U of T that will include their loan amount (in USD).