Your financial assistance is first fully paid to you as a loan. The loan-to-bursary conversion, which takes place after we verify your income with Revenu Québec, consists in converting part of your initial loan assistance into a bursary. During the conversion process, we repay your financial institution the amount of your assistance that corresponds to your bursary, and your outstanding loan balance is therefore reduced.
Using Online Services, refer to the Assistance award section to see when the loan-to-bursary conversion took place in your case. This conversion always occurs at the end of the award year, after you have received all instalment payments and we have checked your income.