Students with Previous Student Loans

Reg.: Schedule 2, s. 8(3)(b), (c)

Students with Previous Student Loans

The Student Financial Assistance Regulation sets out a number of requirements to determine if a student is eligible for receiving financial assistance.

Students with previous student loans that are in good standing (not in default) may be considered for further Canada or Alberta student aid. Students that have defaulted on previous student loans or Canada Apprentice Loan must rehabilitate their loans before they can be considered for further Canada or Alberta student aid. See Repayment Chapter – Loan Rehabilitation for more information.

Bankruptcy

For students who have previously received student loans and have filed for bankruptcy, see Repayment Chapter – Bankruptcy for details on how this affects eligibility for further Canada or Alberta student aid.