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If you wish to pursue postsecondary studies but lack the necessary financial resources, you may be considering applying for student financial assistance. If so, you may be wondering how the government determines the amount of assistance that could be awarded to you. The sections below will provide you with useful information.

Allowable expenses

Certain expenses are deemed necessary for you to pursue your studies. They vary according to your circumstances and are considered in the assessment of the assistance that could be awarded to you.

For information on which expenses are allowed and the corresponding amounts, consult the Allowable Expenses section.

Contribution

Are you required to contribute toward the cost of your studies? If so, what portion of your income is considered? How is your contribution calculated? You will find the answers to these questions in the Contribution section.

Assessment parameters

Which variables are taken into account in the assessment of the assistance that could be awarded to you? How are your financial needs determined? Will you obtain a loan? If so, will you also obtain a bursary?

For information on these matters, consult the Assessment Parameters section.

Assessment simulator

For an estimate of the amount that you may be entitled to, use our Assessment simulator.

Payment of financial assistance

The Payment of Financial Assistance section discusses the steps preceding payment of the financial assistance, if applicable, and how the instalments will be paid, depending on your eligibility for a loan or bursary.