COMMERCE 4FL3 Lecture : Chapter 7.docx

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Basic features of consumer loans using consumer loans. Normally used to pay for big-ticket items. Pay for the costs of post-secondary education. Basic features of consumer loans types of consumer loans. Basic features of consumer loans financing a post-secondary education. In canada there are many sources of financial support for students pursuing post-secondary education that should be considered before borrowing. Scholarships awarded on the basis of high academic achievement. Awards awarded on the basis of academic achievement and some additional criteria. Bursaries awarded on the basis of financial need. Scholarships, bursaries and awards may be awarded on entrance to the academic program or may be in course". They are available from government, service-clubs, fraternal organizations, religious organizations, unions, companies, charitable organizations and many more. In canada there are many sources of financial support for students pursuing post-secondary education. Basic features of consumer loans student loans remember. Under present bankruptcy legislation, student loans are no longer dischargable.

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