Annual Loan Limits

The Annual Loan Limit is the maximum amount of combined Alberta and Canada student loans you may be eligible to receive for one year of study.
If you are eligible, you may receive grants above these maximums.

The annual loan limit is based on your program of study.

Standard Annual Loan Limits

Program of Study 1 Semester (CAD$)

2 Semesters (CAD$)

3 Semesters (CAD$)

Bachelor's Degree 7,500 15,000 22,500
Certificate 
Diploma

Journeyman
Certificate

Programs with Higher Annual Loan Limits

Program of Study

2 Semesters (CAD$)

3 Semesters (CAD$)

Dental Hygiene 22,500 30,000
Doctoral Programs
Graduate Studies 
Law
Masters of Business
Administration
Pharmacy
Chiropractic Medicine 22,500 37,500
Dentistry
Medicine
Optometry
Veterinary
Medicine

*If you are applying for 1 semester of funding in one of these programs, you can submit a Request for Reconsideration to receive up to $11,250.

Aviation Training Annual Loan Limits

You can receive a maximum of $15,000 for each of the 4 fixed wing training components. Commercial helicopter training is treated the same as 4 flight training components.

Exceptions to Annual Loan Limits

If you are receiving the maximum loan amount for your year of study, you are not eligible for additional loans unless:

    • You have run into unexpected costs that were out of your control. Examples could be a natural disaster or a situation where your personal safety is at risk.
    • You are in your final year of an undergraduate or graduate degree program and you need additional loans to finish.
    • You are in a program with a higher Annual Loan Limit, and you are not exceeding your Lifetime Loan Limit.

When you have been denied additional loans because you have received the Annual Loan Limit, but you believe you fall under one of these exceptions, you can submit a Request for Reconsideration. You will need to submit documentation that supports your request. You can receive a maximum of an additional $7,500 for these exceptional circumstances.

Remember, receiving more than your Annual Loan Limit will cause you to reach your Lifetime Loan Limit sooner. Be aware of how much you are borrowing.