Are there types of funding that are not acceptable for a promissory note? |
The following types of funding cannot be used on a Promissory Note: |
·OSAP (or other government student loan) estimates |
·RESP funds |
·Scholarships, bursaries, and loans from outside Canada or the USA |
·bank drafts or cashier's checks drawn on a bank that is not a US or Canadian bank |
·Private bank loans or student lines of credit |
·Employer reimbursements |
·A promise to pay later from personal sources, family members, employment income or a Co-op job |
·Tuition Vouchers |
·Proof of student loan funding from the CanLearn site |
·A graduate Offer of Admission letter |
·External scholarships, bursaries, awards payable to the student |
·BC Passport to Education |
What if I’ve already submitted a promissory note with one of these types of funding? |
If you submit a promissory note with a non-accepted type of funding, you will be notified by email to provide additional proof of funding or proof of bank payment to process your promissory note. You cannot resubmit a promissory note once you have submitted one. |
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