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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.
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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 student’s household status.
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- 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.
Oct 27, 2023 · In some cases, you can use financial aid to cover the costs. The cost of attending college factors in living expenses, including housing, which can cost more than tuition in some cases.
Jan 8, 2020 · It can provide up to $5,717 per year for grants disbursed between Oct. 1, 2018, and Oct. 1, 2019. Your state government is another great resource for college grants. State grants can be used to pay for college, as well as any living expenses associated with college. State governments often offer grants to residents attending in-state schools.
Aug 24, 2023 · Financial aid is rarely an afterthought, but student debt is often a bigger problem than most university and college students in Canada anticipate. ... school supplies and living expenses is ...
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Dec 27, 2023 · OSAP helps make college and university more affordable by providing financial assistance towards tuition, books, living expenses, transportation costs and other expenses associated with attending school. OSAP is a needs-based program, which means that the amount of assistance provided will depend on the student's financial need.
