How to Proceed
Items of Interest
Did You Know?
Before
Your Studies
During
Your Studies
After
Your Studies
Parents, Sponsor,
Spouse
Assessment Parameters
The assistance that could be awarded to you is established for the award year (September 1 to August 30) according to your financial needs. To evaluate these needs, the government takes into account the allowable expenses and any contribution it requires be made toward the cost of your education, i.e. your contribution and, if applicable, your parents’ contribution, your sponsor’s contribution or your spouse’s contribution.
(including additional expenses)
–
Contributions
=
Financial needs
Note that your financial needs do not necessarily correspond to the amount of financial assistance that could be awarded, since the latter also depends on the loan that could be awarded for the award year, according to the program of study, the level of education and the number of months of study.
- If your financial needs exceed the amount of the loan that could be awarded to you, you will receive the loan amount, plus a bursary equal to the difference between your financial needs and the loan.
- If your financial needs are equal to the amount of the loan that could be awarded to you, you will receive the loan amount only.
- If your financial needs are less than the amount of the loan that could be awarded to you, a two or three stage assessment is carried out so that you may nonetheless receive some financial assistance.
If your application for financial assistance is approved, you will be sent a Financial Assistance Statement, which indicates the total amount of financial assistance granted for the award year, including the loan portion, the bursary portion and a breakdown of the payment installments.
For additional information on how the financial assistance is assessed, consult the Student Financial Assistance booklet.
For an estimate of the the financial assistance that could be awarded to you, use our calculator.
