To be eligible for student financial assistance, you must:
You are not eligible for part-time assistance if you:
When you are ready to apply, review the checklist to ensure you have all the information you need to submit your application.
Student with a disability:
Protected persons of Canada (including Convention Refugees):
Married or common-law students will also require:
Single parent students will also require:
With one application you will be considered for all federal funding programs. How much funding you can receive is based on many different factors, such as tuition, books and supplies, transportation to and from classes, childcare costs incurred to attend classes, etc.
The 2023-2024 program funding maximums are:
Canada Student Loan for Part-Time Studies
Your outstanding Part-Time Canada Student Loan balance can’t exceed $10,000 at any one time
Canada Student Grant for Students with Disabilities
Up to $2,800* per academic year, if applicable
|Canada Student Grant for Part-Time Studies
Up to $2,520* per academic year
Canada Student Grant for Part-Time Students with Dependants
Up to $2,688* per academic year
Canada Student Grant for Services and Equipment – Students with Disabilities (Separate Application)
Up to a maximum of $20,000 per academic year
There are two grants available for students with disabilities who qualify for student financial assistance:
Canada Student Grant for Students with disabilities
This grant provides $2,800* per academic year to help reduce the costs they face when participating in a post-secondary program.
To be considered for this grant, you must:
Canada student grant for services and equipment
Students with disabilities can receive up to a maximum of $20,000 per academic year to purchase education related services and assistive equipment which are not provided by your educational institution. Examples are tutors, note-takers, interpreters, readers and technical aids.
To be considered for this grant, you must:
A printable application to be completed to access funding to help pay for disability -related equipment and/or services needed for your education.
Gross annual family income and family size are taken into consideration in the process to determine if you qualify for assistance. Your application will be assessed based on the following costs:
Note: Childcare and transportation costs are not included in the assessment if you are taking studies through correspondence or distance learning, except for the periods where in-class attendance is mandatory (e.g., examinations, etc.)
Master Student Financial Assistance Agreement (MSFAA) is a legal lifetime agreement between you and the federal and New Brunswick governments that outlines your responsibilities and terms and conditions of accepting your funding and your responsibilities for repaying the loans you borrowed. You will complete the online agreement with the National Student Loans Service Centre (NSLSC) and you normally only sign it once. There are separate MSFAAs for full-time and part-time students.
Once all documents have been submitted, applications are normally processed within two to four weeks. If you are a first-time applicant or are returning after a break of two or more years, once your application has been assessed, you will receive a Notice of Assessment in the mail indicating:
If you are a returning applicant with no break from your studies, once your application has been assessed, you will receive your Notice of Assessment in the mail indicating the amount of your funding and when it will be available. You normally would not need to complete the online MSFAA process again.
Within three to five days of receiving your Notice of Assessment, the National Student Loan Service Centre (NSLSC) will send you a “Welcome Email” that will include a secure URL needed to create an online NSLSC account.
To agree to the terms and conditions of accepting your funding and repaying your loans, you need to complete an electronic Master Student Financial Assistance Agreement (MSFAA) through your online account with the NSLSC.
To register for your online NSLSC account, you will need to be ready to provide your:
If you do not receive a “Welcome Email” from the NSLSC, please contact Student Financial Services.
If you are a returning applicant with no break of two or more years from your studies, you would normally already have an online account with the NSLSC and would have agreed to the terms and conditions of accepting your funding through your signed MSFAA.
If your contact information changes, you must update your online account with the NSLSC and inform Student Financial Services of the changes.
The National Student Loans Service Centre (NSLSC) manages Canada student loans and federal grants. The NSLSC processes your Master Student Financial Assistance Agreement (MSFAA), deposits funds into your bank account or sends it to your school, helps you to keep track of your funding and the amount you must repay, works with you to set up a loan repayment schedule and helps you find the best way to repay your loan if you are having difficulties with repayment.
Once the National Student Loans Service Centre (NSLSC) has your completed Master Student Financial Assistance Agreement (MSFAA) on file, your school must confirm your enrolment with the NSLSC as part of the process of getting your money.
Your school may advise the NSLSC that a portion (or all) of your funding is to be paid directly to the school to cover your academic fees. Remaining funds, if any, will be electronically deposited into the bank account you provided on your MSFAA within approximately five business days of enrolment being confirmed. You will receive a message from the NSLSC in your secure inbox with the details on the amount of funding paid to you and your school.
If you do not reapply for student financial assistance for upcoming studies, you need to notify the NSLSC through your online NSLSC.ca account that you are still in school. If not, you will have to start repaying your loans earlier than expected.
Note: If you have part-time loans and full-time loans and are studying full-time, both loans will be payment free while you are in studies, unless you have reached the maximum lifetime assistance limit. However, if you are studying part-time, only your part-time loan will be payment free while in-study and regular payments will be expected on your full-time loan.