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Operating Engineers College Exit 35, 319361 Salmonier Line P.O. Box 389 Holyrood, NL A0A 2R0 Ph: (709) 2296464 Toll Free: (888) 2296468 Fax: (709) 2296469 Email: oec@oecollege.ca Website: www.oecollege.caSTUDENT
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A student loan is a sum of money borrowed to pay for education, which must be repaid with interest. A scholarship is a financial award given to a student based on academic or other achievements to help pay for education, which does not need to be repaid.
Students seeking financial assistance for their education, either through loans or scholarships, are required to file applications, which may include the FAFSA (Free Application for Federal Student Aid) for federal student loans and grants.
To fill out applications for student loans and scholarships, students should gather required documents such as income information, identification, and school details, then complete the necessary online forms or paper applications by following the provided instructions.
The purpose of student loans and scholarships is to provide financial assistance to students in order to help them afford college or university education, thus facilitating access to higher education.
Information that must be reported typically includes personal identification details, financial information (like income and assets), educational background, and the specific cost of education.
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