If you have been accepted into post-secondary studies, you can apply for money to help with the costs. When you apply, the government will assess your financial situation and offer you grants and loans based on your need.
- Additional money for full-time students who have been out of high school for at least 10 years. The Government of Canada has introduced a new Skills Boost top up to the Canada Student Grant for Full-Time Students. If you qualify, you will receive $1,600 per year ($200 per month of an eight-month school year) in additional grant money.
- Changes to the Canada Student Grant for full- and part-time students with dependants. The Government of Canada has changed how this grant is calculated. An eligible student whose income is below the low-income threshold will continue to receive the full grant of $47 per week. If your income is higher than the low-income threshold, the grant will be lower.
- Ability to request grants-only funding and decline the loans. When you apply for a Canada Saskatchewan Integrated Student Loan, you are assessed for funding that is a mixture of non-repayable grants and repayable loans. New this year, when you apply for a student loan, you can choose to access the grants-only funding and decline the loan portion.
- Based on a typical eight-month program, a student whose income is below the low-income threshold may be assessed for approximately $15,000 in financial assistance ($11,000 in loan funding and $4,000 in grants). If they request grants-only funding, this student may choose to receive only grant funding of $4,000 and not receive any loan funding. The amounts referenced above are only an example and will not apply to all students. Your loan and grant amounts will be based on your individual circumstances.