Canada Student Loan and New Brunswick Student Loan
Post-Secondary Education, Training and Labour
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.
You may be 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, or if you are registered with the federal government under the Indian Act, regardless of your citizenship;
• 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 (40% of a full-time course load for students with a disability) to get full-time funding, and between 20% and 59% to get part-time funding (between 20% and 39% for students with a disability). Students with a 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 delinquent or in default on a previous student loan;
• pass a credit check (this applies to students who are 22 years of age or older who have never received a federal and/or provincial student loan);
• 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 a disability.
The Government of Canada provides Canada Student Loan funding up to a maximum of $210 per week of study. The Government of New Brunswick provides New Brunswick Student Loan funding up to $140 per week of study.