St. George’s University is approved by the Canadian Ministry of Education, entitling most students to the ability to receive Canadian federal loans, provincial loans, and federal grants. The Canada Student Loans Program (CSLP) financial assistance to full-time students pursuing post- secondary education in the form of loans, grants, and offers repayment assistance. The CSLP delivers student financial assistance in partnership with most provinces and territories. Quebec and the Northwest Territories operate their own programs.
These loans are interest-subsidized by the Canadian government while the student is enrolled in school and maintaining satisfactory academic progress as determined by the individual province. Below is a comprehensive list of available funding by province.
To supplement the financing of their education, students usually apply for a professional line of credit available through the banks in Canada. Credit lines can be approved for between $80,000 and $140,000 depending on the bank the student chooses to apply with. Please note that most banks will require a credit worthy co-signer.
St. George’s University is committed to ensuring that students are aware of all of their financial aid options and we have designated counselors to work directly with Canadian students to address their questions and needs.
Beth Cohen
Canadian Loan Specialist
1 (800) 899-6337 ext. 1237
bcohen@sgu.edu
Amanda Curcio
Canadian Loan Specialist
1 (800) 899-6337 ext. 1712
acurcio@sgu.edu
CANADIAN FUNDING AMOUNTS
ALBERTA STUDENT FINANCIAL ASSISTANCE
Students are eligible for both federal and provincial funding as well as grants. The estimated combined maximum a student can receive is $42,000 (CAD) per year. Loan and grant funding is based on the student’s loan period. If the term starts/ends mid-month, the award is prorated and the award is made for the whole month or nothing for that month. Students’ awards are based on the number of months in a term.
BRITISH COLUMBIA STUDENT FINANCIAL AID
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $320 (CAD), $210 federal and $110 provincial, per week and $4,500 per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Funding is provided one term at a time.
MANITOBA STUDENT AID
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $350 (CAD), $210 federal and $140 provincial, per week and $4,500 per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Funding is awarded by the literal number of weeks in a loan period.
NEWFOUNDLAND STUDENT FINANCIAL ASSISTANCE
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $350 (CAD), $210 federal and $140 provincial, per week and $4,500 per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Funding is awarded by the literal number of weeks in a loan period.
NOVA SCOTIA STUDENT ASSISTANCE
novascotia.ca/studentassistance/
Students are eligible for both federal and provincial funding as well as grants. Students can receive up to $410 (CAD), $210 federal and $200 provincial, and $6,180 per year in a grant. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period. Students may be awarded up to 40% of the provincial loan amount in a scholarship.
NWT STUDENT FINANCIAL ASSISTANCE
ece.gov.nt.ca/income-security/student-financialassistance-sfa
Students are eligible to receive scholarships and bursaries up to $14,400 Canadian combined loans and grants per year.
ONTARIO STUDENT ASSISTANCE PROGRAM
Students are eligible for federal funding only (not provincial). Maximum federal funding is $210 (CAD)per week of instructional time. Students are also eligible for grants (up to $4,500 (CAD) per year). Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period.
QUEBEC STUDENT FINANCIAL ASSISTANCE PROGRAMS
Students are eligible for both federal and provincial funding. Maximum eligibility is $985 (CAD) per month of education. Students can receive up to $37,430 (CAD) for the program. Funding is awarded by the number of months in a loan period.
SASKATCHEWAN STUDENT LOANS PROGRAM
saskatchewan.ca/residents.education-and-learning/ student-loans
Students are eligible for both federal and provincial funding up to $575 (CAD), $365 federal and $210 provincial, per week. Awards are based on actual number of weeks of instructional time. Loan and grant funding is based on the student’s loan period. Loans are calculated based on the number of instructional weeks in a loan period; grants are determined by the number of months in the loan period.