Loan Eligibility

Your loan eligibility is determined on the basis of your income and, as applicable, the income of your parents, sponsor and/or spouse.

To find out if you are eligible for a loan, perform the calculation that corresponds to your student category.

Students without a parental (or sponsor's) contribution

Eligibility
Base amount $43 575
Multiply the number of dependent children by $3 067 and enter the result.
If you do not have any dependent children, enter 0.
Number of dependent children ___ X $3 067 = $___
+ $____
If you are a single parent, enter $2 297. If not, enter 0. + $____
Your eligibility threshold = $____
Enter your eligibility threshold. $____
Enter your total income for 2018 (line 199 of your income tax return). - $____
  = $____

If the result is positive, you are eligible for a loan.

Students with a spousal contribution

Eligibility
Base amount $62 250
Multiply the number of dependent children by $3 067 and enter the result.
If you do not have any dependent children, enter 0.
Number of dependent children ___ X $3 067 = $___
+ $____
Your eligibility threshold = $____
Enter your eligibility threshold. $____
Add your total income for 2018 (line 199 of your income tax return) and your spouse's total income, and enter the result.
$___ + $___ = $___
- $____
  = $____

If the result is positive, you are eligible for a loan.

Students with a parental (or sponsor's) contribution

Eligibility
Base amount $62 250

Add your total income for 2018 (line 199 of your income tax return) and your parents' or sponsor's total income, and enter the result.
___ $ + ___ $ = ___ $

- $____
Your eligibility threshold = $____

If the result is positive, you are eligible for a loan.

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