Money You Have: Your Resources
- How much am I expected to contribute?
- What other kinds of income do I have to show?
- How much are my parents (or step parent) expected to contribute?
- Will the information on my application be verified?
- If I have scholarships, can I still receive student aid?
- How can I reduce some of my expenses?
- Reporting Changes
- Manage Your Money
How much am I expected to contribute?
Students are expected to contribute to the cost of their education. Alberta Student Aid and the Canada Student Loans program have different calculations to determine what you will be expected to contribute.
Alberta Student Aid
Alberta Student Aid expects students to contribute $1,500 toward their post-secondary education each loan year. This contribution amount is automatically included when your application is assessed.
Single parents and students who receive Assured Income for the Severely Handicapped (AISH), Alberta Works Income Support Benefits, and Canada Pension Plan (CPP) disability benefits are not required to contribute this amount – and it is not used in their assessments.
Canada Student Loans Program
The Canada Student Loans Program does not expect students to contribute financially towards their post-secondary education for 2020-21.
The Canada Student Loans Program does consider scholarship and bursaries, and contributions from parents to help determine your eligibility for Canada Student Loans and Grants.