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Living Allowances. There is a basic budget for monthly living allowances used by Alberta Student Aid to assess your application. If your monthly costs are higher than these amounts, tell us about your special circumstances. You may be asked to provide documentation. You can upload your documentation in your Alberta Student Aid account.
- Allowable Costs
Standard Living Costs Monthly Living Allowances. The...
- Allowable Costs
Standard Living Costs Monthly Living Allowances. The standard monthly living allowance is intended to help cover costs for food, clothing, personal needs (e.g., health care, hygiene), transportation, rent/mortgage and utility expenses. The monthly living allowance used to determine a student’s Canada and Alberta assessment is based on the ...
- Please read our latest notices
- How the funding works
- How much you can get
- List of federal student grants
- Maximum lifetime limit for student aid
- Registered Education Savings Plan
•Budget 2023: Important announcements for student aid
•What student grants and loans offer
•Apply with your province or territory
•Loan agreement
The Canada Student Financial Assistance Program offers grants and loans to full-time and part-time students to help pay for their post-secondary education.
•Apply with 1 application, through your province or territory of residence
The Government of Canada works with most provincial or territorial governments to offer student grants and loans. In all situations, you apply with your province or territory of residence. The amount you can receive is calculated when you apply.
More detail on how the funding works
“British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Ontario, and Saskatchewan
The Government of Canada and the provincial governments work together to provide integrated student grants and loans.
Alberta, Nova Scotia and Prince Edward Island
Canada Student Grants and Loans are available alongside provincial or territorial student aid.
The amount you can receive depends on many factors, including:
•your province or territory of residence
•your family income
•if you have dependents
•your tuition fees and living expenses
•if you have a disability
Your eligibility for Canada Student Grants is calculated when you apply with your province or territory.
•Grant for full-time students
•Grant for part-time students
•Grant for full-time students with dependants
•Grant for part-time students with dependants
•Grant for students with disabilities
There are lifetime limits on the number of weeks you can receive student aid. This includes any payment-free or interest-free periods while you are in school. You also have to start paying back your loan 6 months after you graduate or finish your studies.
Full-time students can receive student aid for a maximum of 340 weeks, except:
•students enrolled in doctoral studies can receive student aid for up to 400 weeks
•students with a disability may receive up to 520 weeks of educational assistance
In addition to grants and loans you can use funds from your Registered Education Savings Plan (RESP) to help pay for your studies.
Student Living Allowances. The monthly student living allowances for each category of student are intended to cover costs for shelter, food, local transportation, and miscellaneous expenses. They are standard allowances for a moderate standard of living established by the federal government.
Education Costs. Alberta Student Aid provides funding to cover your basic educational costs, including your tuition, mandatory fees, books, and supplies. You will be asked for these costs when you apply online. Need Help? Contact our Service Centre. Dial Toll Free in North America: 1-855-606-2096. Student Aid Journey. How to Apply.
As a part-time student, you would be eligible to receive financial aid funding to only cover your tuition and mandatory fees, and books/equipment. As a full-time student, in addition to your education costs, you will be assessed for average living costs based on your province which includes rent, food, clothing, transportation.
People also ask
Do student loans cover basic learning and living costs?
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What does Alberta Student Aid cover?
What if a student's costs are higher than Alberta Student Aid?
What is a monthly living allowance?
Can a student and a spouse pay for additional housing costs?
Aug 24, 2023 · A study conducted by Maclean’s in 2018 found that a university education in Canada costs $19,498 per year on average. And college tuition rates aren’t far behind, depending on what you study ...
