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- You will be considered part-time and your eligibility for funding in the current semester will be re-assessed. If you received grant funding, you may no longer be eligible and your grants may be converted to loans based on the reassessment. If you continue your studies in the next semester, you will have to reapply for funding.
studentaid.alberta.ca/student-aid-funding-guide/loans-and-grants-funding-guide/application-basics/answers-to-common-questions/
If you are having difficulty paying your student loans, you have options! Apply for the Repayment Assistance Plan, customize your payments terms, or make interest only payments. Whatever you do, do not ignore your student loans completely.
If you are a full-time student and submit an application to Alberta Student Aid, you will be considered for student loans and grants from both Alberta Student Aid (the provincial government) and the Canada Student Financial Assistance Program (the federal government).
If you have a break of 30 days or more between terms, you must submit a new application for the second term of your studies. Money for the school year. How do I know how much money I'll need for the upcoming school year? If you don't have exact answers for any questions, enter an estimate.
- 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.
If you are having difficulty or are unable to make your payments, you can apply to have the Government of Canada and your provincial or territorial government help you by paying towards your loan.
If you don't repay your student loan you could face: loss of eligibility for future StudentAid BC funding. being contacted by a collection agency. a bad credit rating and inability to get credit, for example not being accepted for contracts for cellular phones, etc.
People also ask
What happens if I fail to pay my student loans?
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What should I do if I don't pay my student loans?
What if I don't pay my student loans in Alberta?
What if I don't receive student aid in Alberta?
When can I apply for student loan repayment assistance?
Aug 30, 2021 · If you don’t make your full monthly payment within 30 days of your due date, your loan servicer will charge you a late fee. The fee can be as high as 6% of your late payment amount.
