What You Contribute

When you apply, Alberta Student Aid adds up your resources to help determine your eligibility. Depending on your situation, you, your spouse/partner, or your parents may be expected to contribute to your resources.

To ensure you get the correct amount of funding, review the expected contribution and resource information below.

Your Contribution   

Resources

On your application, you are asked to list your resources. Resources are any source of income that you can use to fund your post-secondary education.

For the 2017-18 school year, you do NOT need to list the following on your application:

    • Wages/Salary
    • Assistantships
    • Stipends
    • RRSPs 
    • Savings

Calculating Your Resources

Because you are applying for Canada student loans and Alberta student loans, your application is assessed by each government and their rules for resources. The table below is the list of resources you will be asked about on your application. Some of these resources will be used to calculate your eligibility for funding. The Federal Assessment is for your Canada student loan eligibility. The Provincial Assessment is for your Alberta student loan eligibility.

Resource-Exemptions-2017-18 

Fixed Rate Contribution

    • When you apply, Alberta Student Aid adds up your resources to determine your eligibility
    • Alberta Student Aid expects you to provide a contribution of $1,500. Single parents, Assured Income for the Severely Handicapped (AISH), Income Support and CPP Disability Benefits recipients are not expected to contribute anything.
       
    • The Canada Student Loans Program expects you to contribute a minimum of $1,500 up to a maximum of $3,000. The calculation is based on line 150 (total income) from your tax return. 

      There is no expected contribution for students who:

        • have a dependent, or
        • have a permanent disability, or
        • are a current or former Ward of the Crown (foster or kinship care), or
        • declare Indigenous Status

 

Your Parents' Contribution

Alberta Student Aid does not expect your parents to contribute and will not use your savings, earning, RRSPs or assistantships to determine your eligibility for student aid. 

However, information about these resources on your application are used to determine your eligibility for the Canada Student Loans Program (loans and grants). To estimate the amount of money your parents are expected to contribute, use the Canada Student Loans Program's online calculator at:

Learn more about the Collection Use and Disclosure of Personal Information for Parents/Step-Parents of Dependent Children who applied for Financial Assistance for Full-time Post-secondary Studies at:

Education Savings Plans

Your parents may have prepared for your post-secondary education by saving money in a Registered Education Savings Plan (RESP). Enter your RESP in the Monthly Resources section. Take the total amount of RESP you have for the school year, and divide it by the number of months you will be in school. 

For more information, visit the Government of Canada's website:


Your Spouse's/Partner's Contribution

If you are married or living common law, Alberta Student Aid does not expect your spouse/partner to contribute financially to determine provincial funding eligibility.

However, the Canada Student Loans Program calculates a spousal contribution, based on your family's income. Your family's income will also be used to calculate your eligibility for grants.

There is no expected spousal contribution if your spouse/partner is: 

    • a student, 
    • receiving  federal, or provincial, disability benefits, or 
    • receiving Employment Insurance (EI) benefits or Income Support (Social Assistance)