Do you require financial assistance for your post-secondary studies? The governments of New Brunswick and Canada collaborate to give financial aid to students. There are loans, grants, and bursaries available to assist you in obtaining and paying for post-secondary education. You will be considered for student financial aid from both the Government of New Brunswick and the Government of Canada with just one application.
The Government of Canada and the Government of New Brunswick provide financial aid to qualified New Brunswick residents in order to enable them to access post-secondary educational options and to encourage them to complete their studies on time and with success.
Student Financial Services administers all federal and provincial student loan, grant, and bursary programs for New Brunswick post-secondary students. Financial aid information for full-time and part-time studies can be found at www.canada.ca/student-financial-assistance or by phoning Student Financial Services.
The Canada Student Grant for Full-Time Students provides non-repayable financial help to students from low- and middle-income households for all years of full-time study in an undergraduate university or college program lasting at least 60 weeks. Students who fulfill the qualifying conditions can receive up to $750* per month of study based on a single progressive threshold, with grant amounts decreasing as income and family size increase. Until the end of July 2023, the maximum monthly amount for Canada Student Grant funding has been temporarily enhanced.
- If you are a Canadian citizen, have permanent resident status, or are a protected person as defined in the Immigration and Refugee Protection Act, or if you are registered with the federal government under the Indian Act, regardless of citizenship, you are eligible for student financial support.
- You are a New Brunswick resident;
- Show that you have a financial need;
- Must be enrolled in and maintain a minimum of 60% of a full-time course load (students with a permanent handicap may enrol in at least 40% of a full-time course load) to qualify for a full-time loan, and between 20% and 59 percent to qualify for a part-time loan (between 20 percent and 39 percent for students with a permanent disability). Students with a persistent impairment who are enrolled in between 40% and 59 percent of a full-time course load have the option of enrolling full-time or part-time.
- Are enrolled in a degree, diploma, or certificate programme at a designated post-secondary educational institution for at least 12 weeks;
- Maintain a satisfactory academic level;
- You haven’t missed a payment or defaulted on a previous student loan;
- Pass a credit check (applicable to students aged 22 and older who have never obtained a federal or provincial student loan);
- Do not exceed the length of your programme plus one additional study period (known as your Periods of Study + 1 limit); and
- Have received no more than 340 weeks of qualifying assistance (called your lifetime assistance limit). For doctorate students, this is 400 weeks, and for students with persistent disabilities, it is 520 weeks.
Obtaining Financial Assistance
Postsecondary education is a smart investment, but it also requires a substantial time commitment. Being financially prepared includes knowing how much your education will cost and making decisions about how you will meet your financial obligations. When planning for your education, take into account tuition, textbooks, and study materials, as well as transportation and living expenditures, while in school.
This funding program is available to assist students in obtaining and paying for full-time post-secondary education. When you apply for financial aid for students in New Brunswick, you will be considered for a combination of loans, grants, and bursaries from the provincial and federal governments.
How to Apply?
To ensure that you receive your funding at the start of your study session, submit your online application as soon as possible. Each loan year’s applications are accessible in May/June.
It’s important to remember that you only need to submit one application to be evaluated for a Canada New Brunswick Integrated Student Loan, grants, or bursaries.
In order to apply for this grant, the students are required to complete the following application form and submit it along with all the required documentation on the official portal of https://www2.gnb.ca/content/gnb/en/departments/post-secondary_education_training_and_labour/Skills/content/FinancialSupport/StudentFinancialServices.html. This application is for the programs which are going to begin in the period starting from August 1, 2021, to July 31, 2022. Students can also submit their applications through mail or fax to the following address:
Student Financial Services, Department of Post-Secondary Education, Training and Labour Beaverbrook Building, PO Box 6000, Fredericton, New Brunswick E3B 5H1.
The application form must be completed by providing all the necessary information following the given guidelines.
Studentaid.gnb.ca is the website where you can apply online. If you are unable to apply online, you can print an application at studentaid.gnb.ca. Contact Student Financial Services at 1-800-667-5626 if you have any concerns or need assistance with your application.