Saskatchewan post-secondary students in Saskatchewan may be eligible for student loans offered through the Canada-Saskatchewan Integrated Student Loans Program. This program is delivered jointly by the Government of Canada and Saskatchewan to provide financial assistance that helps students pay for post-secondary education.
The amount of assistance you can receive, including grants, depend on your situation. The Notice of Assessment you receive after applying will outline your eligibility for both provincial and federal aid.
Saskatchewan Advantage Scholarship
If you are a Grade 12 graduate (2012 or later) and enrol in a Saskatchewan post-secondary institution, you may be eligible to receive the Saskatchewan Advantage Scholarship of $500 each year (maximum of $2,000).
Starting in 2019, the Saskatchewan Advantage Scholarship will be available only to students with a demonstrated financial need. To determine financial need, students will be required to apply for a student loan. Through the student loan assessment, students with demonstrated financial need will receive the scholarship provided that they also meet the following eligibility criteria:
- Graduated from grade 12 in Saskatchewan (including ABE and GED®) on or after January 1, 2012;
- Enrolled at a Saskatchewan post-secondary institution in a program that is recognized for Canada-Saskatchewan student loans (certificate, diploma, and degree programs).
With the exception of both Lakeland College campuses and specific specialized health programs, programs at post-secondary institutions outside of Saskatchewan are not eligible.
Request grants-only funding
When you apply for a Student Loan, you are assessed for a mix of non-repayable grants and repayable loans. You can choose to decline the loans and receive only grants. For example, 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 grants-only funding was requested, this student would receive only grant funding of $4,000. *Note these amounts are only an example and will not apply to all students. Your loan and grant amounts will be based on your individual circumstances.
Did You Know?
- A grant is money that you do not need to pay back. If you withdraw from school, some or all of the grant funding you receive will convert to a loan. A loan is money you must pay back.
- You can apply for financial assistance whether you are a full-time or a part-time student.
- In addition to helping with the costs of tuition, loans and grants can be used for living expenses like rent, food, transportation, and child care.
- Additional financial assistance is available to support the unique circumstances of Indigenous students, students with disabilities, and adult learners.
- If you have challenges repaying your loan, depending on your income, you may be able to defer or reduce your payments by accessing the Repayment Assistance Program.
- Loans are interest-free while in school and you don't have to start repaying them until six months after you complete your studies.