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Chapter 4:
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 stepparents) 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
Will the information on my application be verified?
All applications are subject to verification. False or misleading information, or failing to provide requested information could lead to financial consequences.
After submitting the application, you (and your spouse/partner, if applicable) must provide consent for the Canada Revenue Agency to share income information with Alberta Student Aid. You will receive a letter in your secure inbox with instructions on how your spouse or partner can complete this process. For detailed instructions, see income verification.
You must let Alberta Student Aid know if your information changes, such as:
- Financial estimates and total income (Line 15000) for you or your spouse/partner.
- Any new source of income for you or your spouse/partner.
- Changes in academic or marital status.
- Any new money you receive, including gifts, inheritances, and personal injury awards.
- A name or address change.
Keep documents supporting your income, expenses, assets, and application information in case they are requested for verification.
Changes to Income
If either parent’s annual income from all sources (work, government, foreign, or other) is expected to be lower than the Total Income they reported on Line 15000 of their 2025 income tax form, you can enter an expected total income for 2026 on Part B of Schedule 1: Parental Information.