Educational Assessment Loan
Description: Helps families with the cost of Psycho-educational assessments and initial tutoring
Maximum Loan Amount Available: $6,000
Guarantor Requirements: One Jewish guarantor who lives in British Columbia is required for this loan.
Repayment Terms: Payments of $25 per month for every $1,000 borrowed until the principal is paid back in full
Apply today by following these simple steps:
We want this experience to be a comfortable one for you and our processes have been designed with great care to ensure that your confidentiality and dignity are respected at all times. Please do not hesitate to reach out to Joanna at firstname.lastname@example.org at any point in our process if you have questions or concerns.
To view a list of questions and answers, please click here.
FAQ's ABOUT THIS PROGRAM
How much does an educational assessment cost?
Most educational assessments cost between $2,500 - $3,500.
Why can I borrow up to $4,500 under this loan program if most assessments cost less than this amount?
We want your child to get the support they need without delay. We offer more than the cost of most assessments so that you can use the balance of the loan to start paying for tutoring or other support if necessary.
If I borrow $4500, what will be my monthly repayment?
If you borrow the full $4,500 available under this program, you will pay HFLA back $125 per month for 36 months.
Secure your guarantor(s) and advise them that an HFLA Board Member will be calling them in the days ahead
Await a call from an HFLA board representative
Complete an interview (by zoom or in person)
Await your loan decision. If your loan is approved, you will be sent paperwork to sign and then your loan funds will be distributed.