Loans and Grants Funding Guide

Introduction

Alberta Student Aid can help you achieve your post-secondary education goals.

Financial need should not be a barrier if you want to pursue a post-secondary education.

If you are a full-time student and submit an application to Alberta Student Aid, you will be considered for student loans and grants from both Alberta Student Aid (the provincial government) and the Canada Student Financial Assistance Program (the federal government).

It’s important to complete all the information on the application because information about your resources and your costs are used differently by Alberta Student Aid and the Canada Student Financial Assistance Program to determine your eligibility for provincial and federal loans and grants.

Calculated Need = Allowable Costs – Resources

Each student’s application is subject to both a federal eligibility assessment calculation based on the Canada Student Financial Assistances Program costs and resources, and a provincial eligibility assessment calculation based on Alberta Student Aid costs and resources. As a result, a federal calculated need and a provincial calculated need is determined.

The information and amounts in this guide are current as of June 2021 for study periods beginning August 1, 2021. All amounts are in Canadian dollars.

You only need to submit one application.

Funding from both Alberta Student Aid and the Canada Student Financial Assistance Program is automatically assessed when you submit your application to Alberta Student Aid.

Additional Resources

To learn how your eligibility is determined, refer to the Alberta Student Aid Operational Policy & Procedure Manual.

To view the 2020-21 Loans and Grants Funding Guide as a PDF, download.