Government of New Brunswick

Overview

Student financial assistance from the Government of Canada and the Government of New Brunswick is designed to help eligible New Brunswick residents access post-secondary educational opportunities and to encourage them to complete their education in a timely and successful manner.

All federal and provincial student loan, grant and bursary programs for New Brunswick post-secondary students are administered by Student Financial Services.

You can get information about financial assistance for both full-time and part-time studies at www.canada.ca/student-financial-assistance or by calling Student Financial Services, the branch responsible for the administration of student financial assistance in New Brunswick.

Eligibility

You are eligible for student financial assistance if you:
• are a Canadian citizen, have permanent resident status or are considered to be a protected person as defined in the Immigration and Refugee Protection Act;
• are a resident of New Brunswick;
• demonstrate a financial need;
• are enrolled in, and maintain, a minimum of 60% of a full-time course load (students with a permanent disability may enrol in at least 40% of a full-time course load) to get a full-time loan, and between 20% and 59% to get a part-time loan (between 20% and 39% for students with a permanent disability). Students with a permanent disability taking between 40% and 59% of a full-time course load can elect to be in full-time or part-time status;
• are enrolled in a degree, diploma or certificate program that is at least 12 weeks in duration at a designated post-secondary educational institution;
• maintain a satisfactory scholastic standard;
• are not in default on a previous student loan;
• pass a credit check (this applies to students who are 22 years of age or older who are applying for a student loan for the first time);
• are not beyond your program length, plus one additional study period (called your Periods of Study + 1 limit); and
• are not beyond 340 weeks of eligible assistance (called your lifetime assistance limit). This is 400 weeks for students in doctoral studies, or 520 weeks for students with permanent disabilities.

Description

The Canada Student Grant for Full-Time Students provides students from low- and middle-income families with non-repayable financial assistance for all years of full-time studies in an undergraduate university or college program of at least 60 weeks in duration. Students who meet the eligibility requirements can receive a maximum of $375 per month of study based on a single progressive threshold under which grant amounts will gradually decline based on income and family size.