Types of funding you cannot use on a Promissory Note

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.