Education Funding is a financial aid program that can help you pay for college or university.
This offers funding through:
Grants:money you don’t have to pay back
Student loan:money you need to repay once you’re done school
When you apply for EDUCATION FUNDING, it will automatically consider you for both grants and a loan. If you don’t want to take a loan, and you’re a full-time or part-time student, you can decline it after your application is approved.
EDUCATION FUNDING can help you pay for:
- Tuition
- Books and Equipment
- Fees charged by your school
- Living expenses (for full-time students only)
- Child care (for full-time and part-time students with children)
STUDENT LOAN is open to Canadian residents of any age who are:
- Canadian citizens
- Permanent residents, or
- Protected persons
You may not be eligible for Education Loan if you:
- Don’t meet the academic progress requirements
- Have enough financial resources, including other forms of government aid, to cover your expenses allowed by the government
- Report income on your application that’s significantly different from what you reported to the Canada Revenue Agency (CRA)have defaulted on a student loan
- Have grant or bursary overpayments or multiple outstanding loan overpayments
- Filed for bankruptcy, made a consumer proposal, obtained a consolidation order or filed a document seeking relief for the orderly payment of debts
- Have reached your lifetime limit of student loan funding (340weeks of funding, 400 weeks of funding for doctoral studies, up to 520weeks of funding for students with disabilities)
- Are an international student
- Are not a resident of Canada
The amount of money you can get depends on your:
- educational costs– the amount of money you need for tuition, books, child care (for full-time and part-time students), personal living expenses (for full-time students), supplies and equipment
- course load– whether you’re a full-time or part-time student
- program hours– for students in micro-credential programs only
- personal financial situation– based on your income and your family’s income, family size, dependants and other factors
Additional funding may be available if you're:
an Indigenous student with a permanent disability or a persistent or prolonged disability youth in or from extended society care
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