Full-Time Student Loans and Grants
- Applying for Student Loans and Grants
- Alberta.ca Account
- Application Deadline
- Application Details
- After Applying
- Confirmation of Registration (COR)
- Service Providers
- Student Aid Agreements/Master Student Financial Assistance Agreements (MSFAAs)
- Application Changes
- Request for Reconsideration (RFR)
- Switching Educational Institutions
- Changes to End Dates
- Amended Registration
- Withdrawal Policy for Students Attending Alberta Private Career Colleges (licensed under the Private Vocational Training Act)
- After Registration is Amended (All Institutions)
- Request for Emergency Processing
- Tax Forms
- Releasing Personal Information and Authorizing Others to Act on Your Behalf
- Submitting Forms
Reg.: Schedule 2, ss. 13, 14(1)
Overpayments occur when students receive funding for which they are not eligible. Some examples of when reassessments may result in overpayments include:
- Alberta Student Aid is advised that a student has dropped below full-time registration/withdrawn
- student reports a change that reduces financial eligibility
- student did not report accurate information on their application
When an overpayment is identified, undisbursed funds may be cancelled or reduced.
Students are given 30 calendar days to request a review of an overpayment.
Reg.: Schedule 2, ss. 13, 14, 14.2 and 30(8)
A student is considered to have a grant overpayment when they receive grant funding for which they are ineligible.
The full amount of federal and provincial grant is considered an overpayment if the student withdraws from full- or part-time studies within 30 calendar days of the start date of their funded study period.
In all other cases, a calculation is performed and may result in all or part of a grant being considered an overpayment.
Once an overpayment has been calculated a student is given 30 calendar days to request a review of the overpayment through the Review Process.
Alberta Student Aid will determine the current outstanding balances of provincial and federal grant overpayments before converting grants to loans. The amount of the grant overpayment may be reduced prior to conversion (e.g. due to payments from the student).
- If the current outstanding balance of all provincial grant overpayments is greater than $250, the overpayment(s) will be converted to an Alberta direct loan.
- If the current outstanding balance of all federal grant overpayments is greater than $250, the overpayment(s) will be converted to a federal loan.
Alberta Student Aid will not actively recover grant overpayments of $250 or less. However, if the student returns to full-time studies and applies for funding, the overpayment of $250 or less will be used as a resource on their application for funding and any student aid awarded may be reduced.
Grant overpayments are converted to loans after the student’s period to submit a request through the Review Process has passed.
Overpayments of the Canada Student Grant for Services and Equipment - Students with Disabilities are not converted to a loan. On future applications, the amount of this grant will be reduced by the overpaid amount.
Grant overpayments (provincial or federal) that were calculated prior to 2012-13 were routinely sent through Treasury Board and Finance, Crown Debt Collections, for recovery. Students with these older grant overpayments who wish to return to studies may be required to work with Treasury Board and Finance (or a collection agency to whom Treasury Board and Finance assigned the debt) to rehabilitate the debt.
No extra action is taken for loan overpayments. Each student will repay the loan amount according to the conditions under which it was borrowed.