Top Student Aid, Loans, and Scholarships from the Government of Canada for 2022–2023

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Top Student Aid, Loans, and Scholarships from the Government of Canada for 2022–2023

Funding options for both full- and part-time students Funding for both full- and part-time Canadian students is available through the Canada Student Financial Assistance Program. Funding for higher education can be found in grants and loans. Fill out a single application with your home province to apply for all available grants and loans. Grants do not require repayment, student loans must be repaid in full (plus interest) upon graduation. It is possible to receive multiple types of grants; the province to which you are applying will determine your eligibility for all grants The question is, how much can you get? Several variables will determine how much you’ll be eligible to receive, including: the province or territory in which you currently reside the total household income Your own tuition and living costs, plus those of your dependents, To the extent that you have a disability When you fill out an application, your state or local government will determine how much you are eligible to receive in grants and loans. Use the federal student aid estimator to determine if you are eligible for Canada Student Grants or Loans. Be aware that the provincial and territorial student grants and loans are not accounted for in this estimator. Calculator for Federal Student Aid Federal student grants list When you submit an application with your province or territory, your eligibility for all Canada Student Grants is evaluated: Grant for Full-Time Students from Canada Students enrolled full-time and in financial need are eligible for this grant. When you apply for student aid through your province or territory, you are automatically assessed. See grant for part-time students if you attend school part-time. Students from the Northwest Territories, Nunavut, and Quebec are not eligible for this grant. They run independent student aid initiatives. Eligibility If you apply and meet the following requirements: Have a financial need You must also: be enrolled full-time in a program at an approved institution have a family income that is below the income threshold. How much you might get You could receive up to $6,000 per year, or $750 per month, until the end of the 2022–2023 academic year. If you are still enrolled full-time in school, you are eligible to receive this grant for each year of your undergraduate studies. August 1 through July 31 is the start of the academic year. Note: You may be eligible for $1,600 in Skills Boost funding if you have been out of high school for at least 10 years. When you apply for student aid, your eligibility is evaluated. Apply Utilize your province or territory to submit a request for student aid. Part-Time Students’ Canada Student Grant Students who are enrolled part-time and have financial need may apply for this grant. When you apply for student aid through your province or territory, you are automatically assessed. See grant for full-time students if you attend school full-time. Students from the Northwest Territories, Nunavut, and Quebec are not eligible for this grant. They run independent student aid initiatives. Eligibility This grant may be available to you if you apply and: have a monetary requirement enrolled part-time in an approved program at a recognized institution you’ve successfully completed the courses for which you’ve previously received a grant; Your family’s overall income is below the indicated income limit. How much you might get You may be eligible to receive up to $3,600 annually until the end of the 2022–2023 academic year. The grant won’t exceed your determined need in any way. You will get a $1,200 grant, for instance, if your assessed need is $1,200. August 1 through July 31 is the start of the academic year. Apply Obtain a student aid application from your province or territory. Maximum lifetime student aid allotment The total number of weeks you can receive student aid is subject to lifetime restrictions. This includes the times when there is no interest while you are in school. Interest begins to accrue once a lifetime cap is reached. Additionally, you must begin repaying the loan six months after you graduate or complete your studies. With the exception of those pursuing doctoral degrees, Full-time students are only permitted to receive financial aid for up to 340 weeks. Students with a permanent disability may be eligible for financial aid for 520 weeks.

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