Amount of Financial Assistance
The financial assistance for which you qualify is initially paid as a loan and, later, if applicable, as a bursary. The amount of your assistance is determined after your financial needs have been assessed. The loan amount is based on your level of education and program of study, as well as on the number of your months of studies.
Financial needs > Amount of bursary
If the amount of your financial needs is greater than the amount of your loan for the award year, you will receive a bursary for the difference between your financial needs and the amount of your loan for the given year.
Financial needs < Amount of loan
If the amount of your financial needs is less than the amount of your loan for the award year, a new assessment will be made.
Your financial assistance is initially paid to you as a loan. If you also qualify for a bursary once the calculation of your financial needs has been completed, the amount that corresponds to your bursary will be paid to your financial institution during the loan-to-bursary conversion. This step takes place after Aide financière aux études has verified your income with Revenu Québec.