Annual Loan Limits

The standard Annual Loan Limit in combined Canada and Alberta student loans is:

• $8,500 per semester (1 to 4 months)
• $17,000 for two semesters (5 to 9 months)
• $25,500 for three semesters (10 to 12 months)

For more information on loan limits for specific programs and students in professional programs, refer to the  Loan Limits policy.

For students pursuing commercial aviation or helicopter training, read and complete the Commercial Aviation Training Form in the Applications and Forms section.

Alberta Student Grant for Full-time Students

Students from low-income families who meet the eligibility requirements for provincial funding will receive this grant. This grant is available for students in full-time post-secondary studies in a program designated for provincial student aid that is:

• a one year program including Open Studies and University Transfer, or
• an apprenticeship program under the Apprenticeship and Industry Training Act (Alberta), or
• a graduate level

The amount of the grant is based on family income (Line 15000 of 2023 income tax form) and family size. The maximum amount awarded is $425 per month of studies for income below the income amounts in column (A). 

Canada Student Grant for Full-time Students with Dependants

Students who meet the eligibility requirements for federal funding will receive this grant if they have dependants:

• under the age of 12,
• 12 to 18 years of age with a permanent disability, or
• wholly dependent on the student as reported on their tax return, e.g. disabled or elderly family member.

Documentation of care is required for your dependant with the permanent disability.

The amount of the grant is based on family income (Line 15000 of 2023 income tax form or Expected Total Income for 2024) and family size. The maximum amount awarded is $280 per month of studies for each dependant for income equal to or below the income amount in column (A). The grant amount per month gradually decreases as income increases, with the rate of reduction varying by family size. Eligibility for the grant is cut-off when family income is equal to or greater than the income amount in column (B).

Canada Student Grant for Full-time Students

Students from low- and middle-income families who meet the eligibility requirements for federal funding will receive this grant. This grant is available for students in a diploma or degree program greater than one year in length.

The amount of the grant is based on family income (Line 15000 of 2023 income tax form or Expected Total Income for 2024) and family size. The maximum amount awarded is $280 per month of studies for each dependant for income equal to or below the income amount in column (A). The grant amount per month gradually decreases as income increases, with the rate of reduction varying by family size. Eligibility for the grant is cut-off when family income is equal to or greater than the income amount in column (B).