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YOUR SITE TO THE HIDDEN JOBMARKET IN CANADA

Canada Student Loans Program

The Canada Student Loans Program aids students in financing their education. The Canada Student Loans Program is available for both students who are full time and part time. This program also incorporates the Canada Study Grants which fund qualified students including: students with disabilities, students with dependants, high-need part-time students, and women in certain fields of doctoral studies.

If you are a full-time student, or you are planning to become one, you may qualify for a subsidized loan through the Canada Student Loans Program. While you pursue your studies the Canadian Government pays the interest that accumulates on your loan to the lender. You do not have to make any payments on a Canada Student Loan while you are in school full-time. After you have finished your full time studies, interest on your loan starts to build up though you are not required to start paying it until 6 months after that. This is the grace period and after it is over you are required to pay the interest and the principal. If you are having difficulty managing and repaying your loans after you have finished your studies you may be eligible for interest relief and in some cases, debt reduction.

FULL TIME STUDENTS

Eligibility for the Canada Student Loans Program
To be eligible for a full-time Canada Student Loan, you must fulfill all of the following:

  • be a Canadian citizen or permanent resident of Canada;
  • be a resident of a province or territory that participates in the Canada Student Loans Program. Quebec and the Northwest Territories do not participate since they administer their own loan programs. (Generally, your province or territory of residence is where you have most recently lived for at least 12 consecutive months excluding full-time attendance at a post-secondary institution);
  • You must be able to demonstrate to the provincial or territorial student assistance office through the completion of an application form, that you cannot monetarily cover your educational costs;
  • enroll or be qualified to enroll in at least 60 percent of a full-time course load at a designated post-secondary educational institution;
  • students with permanent disabilities may enroll in 40 percent of a full-time course load; and
  • enroll, or be qualified to enroll, in a program leading to a degree, diploma or certificate. (The program must be at least 12 weeks in length within a period of 15 consecutive weeks.)

Amount You Can Borrow
You can borrow, depending on your financial need up to a maximum of $165.00 for each week of your study period. This is the maximum you can borrow from the Canada student Loan program but you might also be eligible from your Provincials loan programs or through other scholarships and bursaries

Part Time Students

  • Canada Student Loans for part-time studies are available to supplement other financial resources such as your own earnings, your spouse's earnings, as well as scholarships and bursaries.
  • Interest payments on these loans are to be made while you are studying. There is the possibility of interest relief if you income is below a certain level and as such your interest will be paid for by the Government.
  • Low-income part-time students and students with dependants may also be eligible for a non-repayable study grant

Eligibility
In order to be eligible for a part-time Canada Student Loan, you must fulfill all of the following:

  • be a Canadian citizen or permanent resident and living in Canada;
  • be a resident of a province or territory that participates in the Canada Student Loans Program. You may apply to the province in which you will be attending school;
  • enroll, or be qualified to enroll, in a designated post-secondary educational institution in courses which are part of a program leading to a degree, diploma or certificate. Designated schools are those which have been approved for Canada Student Loans by a province or territory;
  • enroll, or be qualified to enroll, in between 20 percent and 59 percent of a full-time course load;
  • students with permanent disabilities may enroll in between 20 percent and 39 percent of a full-time course load to be considered eligible for loans;
  • have a gross family income of no more than that shown in the table. (Gross family income means the amount before taxes and includes wages, liquid assets, income from investments and monetary gifts.)

How to apply

  • Go to your educational institution or the provincial or territorial student assistance office nearest you. See page 20 for contact numbers and addresses.
  • Depending on the province or territory in which you live, you may be asked to submit your application directly to either your post-secondary institution or to the student assistance office.
  • Financial aid offices at most colleges and universities, as well as admissions offices at private and provincial schools, also have information materials and application forms for the Canada Student Loans Program.

Canada Study Grants

These grants which are administered by the governments are available to provide assistance to students with permanent disabilities, high-need part-time students, and women in certain doctoral studies as well as help full- and part-time student loan recipients with dependants finance their education.These are different from student loans, since Canada Study Grants do not have to be repaid.

Students with Disabilities

  • If you have a permanent disability such as deafness, blindness, other physical or learning disabilities, you may be eligible for a Canada Study Grant of up to $5,000 a year to cover exceptional education-related costs associated with your disability. To be eligible, you must:
  • Have a permanent disability which limits your ability to participate fully in post-secondary studies or in the labour force (proof required);
  • If you are applying as a full-time student, you must be enrolled in courses that represent at least 40 percent of a full-time course load.
  • If you are applying as a part-time student, you must be enrolled in courses representing at least 20 percent of a full-time course load.

The grant may cover such exceptional expenses as the costs of a tutor, an interpreter, attendant care, or special equipment. To apply, you must first complete an application for a full-time or part-time Canada Student Loan (available from your provincial or territorial student assistance office) to establish your financial needs. You then submit a separate application form for the Canada Study Grant (CSG) to the same office.

High-need Part-time Students
Part-time students with demonstrated financial need may qualify for a grant of up to $1,200. To be eligible, you must meet the requirements for a part time Canada Student Loan. In addition, you will be required to:

  • explain why you can only study on a part-time basis (e.g. you have family or other responsibilities that do not permit full-time study); and
  • have a gross income of no more than 14,100 for a single student and 23,300 for a married student with no children or a single parent with one child

Applications may be submitted to:

  • The student assistance office in your province or territory; or
  • financial assistance offices at most colleges and universities.

Students with Dependants
Full-time and Part-time Students with Dependants
If you have children or other dependants, and can demonstrate financial need in excess of $275 per week in combined federal and provincial loans, you may be eligible for a new Canada Study Grant. Full-time students with dependants
A grant will be available to full-time students with dependants who qualify if their assessed need is in excess of $275 per week.

  • Students with one or two dependants: $40 per week.
  • Students with three or more dependants $60 per week.

Part-time students with dependants

In order to qualify for the grant for part-time students with dependants you must first qualify for assistance under the part-time Canada Student Loans Program

The Canada Study Grant (CSG) for part-time students with dependants:

Effective August 1, 1998 a grant will be available to part-time students with dependants to assist them with their education costs. Eligible students will qualify for grants if they have assessed need in excess of, and after receipt of, the maximum grant for high-need part-time students ($1,200) and Canada Student Loan for part-time students ($4,000). In conjunction with the Canada Study Grant for high-need part-time students (Maximum of $1,200), the aggregate amount of CSG assistance for part-time students shall not exceed $3,120 in any given loan year. Therefore, the CSG for part-time students with dependants will be available for up to $1,920 in any given loan year, to assist in covering allowable education costs.

Women in Doctoral Studies

If you are a female student pursuing full-time doctoral studies, you may qualify for a Canada Study Grant of up to $3,000 a year for a maximum of three years. This special grant is intended to help increase the participation of women in certain fields of study at the doctoral level. To be eligible for this grant, you must apply and qualify for Canada Student Loan assistance for the current academic year. The eligible fields of study are:

Engineering and applied sciences: Engineering (all fields), Aerospace Sciences, Architecture, Forestry.
Agriculture and biological sciences: Agriculture, Biophysics, Biochemistry, Botany, Microbiology, Veterinary Sciences, Zoology.
Mathematics and physical sciences: Astronomy, Chemistry, Computer Science, Environmental Studies, Geography, Geology and Related Fields, Mathematics, Metallurgy, Materials Science, Meteorology, Oceanography and Water Studies, Physics, Resource Management.
Arts, social sciences and related fields: Business Administration, Commerce, Management, Administrative Studies, Economics, Music, Philosophy, Political Science, Religious Studies, Theological Studies.
Other: Dental Specialties, Physical Education, Law and Jurisprudence.

Information and application forms are available from the student assistance office in your province or territory, from financial assistance offices at most colleges and universities, as well as from admissions offices at vocational schools. In some provinces, you submit your application directly to your educational institution. In others, you apply directly to the provincial or territorial student assistance office.

CONTACT
Human Resources Development Canada
Education Support/Student Assistance Branch
25 Eddy Street, 10th Floor
Hull, Quebec K1A 0M5

Mailing address:
P.O. Box 2090Station &quotD"
Ottawa, Ontario K1P 6C6
Tel. (819) 994-1844
Toll Free 1-888-432-7377 (English)
1-800-733-3765 (French)
TTY Line: (819) 994-1218
Web site: www.hrdc-drhc.gc.ca/student_loans/engraph/index.html



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