What's a Revolving Loan Limit?
With a revolving loan limit, as the amount you owe decreases, those funds become available for you to borrow again.
SFA recently reintroduced the Revolving Loan Limit, and that’s exciting news for eligible residents who choose to continue their education. It means that as you pay down your loan, if you decide to return to post-secondary studies, you can access that funding all over again!
Heading Back? We’ll Help.
If you choose to continue your post-secondary education, the SFA can help all over again! If you’ve had your loan forgiven, or as you repay your loan, you can access more SFA funding. No more 20-semester maximum!