Although the Program is government managed, it is the financial institution (bank or caisse) you choose that will deposit the financial assistance (loans and bursaries) into your account. This financial institution is also the one to which you will have to repay your loan at the end of your studies.
At the beginning of the school year, you must choose a financial institution and give them your Guarantee Certificate. This is the document that confirms that the government has awarded you a loan.
The guarantee certificate will be sent to the address indicated in Your Student Financial Assistance File. Then submit it to your financial institution as soon as possible to avoid delaying your first instalment.
If you reapply for financial assistance, you will not be required to submit a new Guarantee Certificate. Your financial institution will automatically disburse your loan as scheduled.
However, if you interrupted your studies for more than 6months, you will receive a new Guarantee Certificate that you must submit to your financial institution.
If you are pursuing your studies full-time outside Québec, you must still submit your Guarantee Certificate to a participating financial institution located in Québec. In your application for financial assistance, you may designate someone to submit it on your behalf. Verify the terms and conditions with your financial institution.