Who Can Get Student Financial Assistance

Who Can Get Student Financial Assistance? 

Funding received from Student Financial Services will vary depending on if you are a full-time or part time student. 

Please select from the following tabs for more detail!

If you are a full-time post-secondary education student, you may be eligible for financial assistance if you:

  • are a Canadian citizen, you have permanent resident status or you are a protected person as defined in the Immigration and Refugee Protection Act, or if you are registered with the federal government as a Registered Indian under the Indian Act, regardless of your citizenship;
  • are a resident of New Brunswick;
  • demonstrate a financial need;
  • are enrolled in, and maintain, a minimum of 60% of a full-time course load (students with a permanent disability may enroll in at least 40% of a full-time course load) to get a full-time loan. Students with a permanent disability taking between 40% and 59% of a full-time course load can elect to be in full-time or part-time status;
  • are enrolled in a degree, diploma or certificate program that is at least 12 weeks in duration at a designated post-secondary educational institution;
  • maintain a satisfactory scholastic standard;
  • are not in default on a previous student loan;
  • pass a credit check (this applies to students who are 22 years of age or older who are applying for a student loan for the first time);
  • are not beyond your program length, plus one additional study period (called your Periods of Study + 1 limit); and
  • are not beyond 340 weeks of eligible assistance (called your lifetime assistance limit). This is 400 weeks for students in doctoral studies, or 520 weeks for students with permanent disabilities.

More detailed information and a glossary of terms can be found in the 2018-2019 Information Guide

If you are a part-time post-secondary education student, you may be eligible for financial assistance if you:

  • are a Canadian citizen, you have permanent resident status or you are a protected person as defined in the Immigration and Refugee Protection Act, or if you are registered with the federal government as a Registered Indian under the Indian Act, regardless of your citizenship;
  • are a resident during your period of study of a province or a territory that issues Canada Student Loans;
  • demonstrate financial need;
  • are enrolled in 20-59% of a full course load at a designated Educational Institution;
  • pass a credit check if you are 22 years of age or older and applying for a Canada Student Loan for the first time;
  • have not reached the maximum $10,000 in Part-Time Canada Student Loans at any one time; and
  • are not in default of a full-time or part-time Canada Student Loans and / or a Canada Apprentice Loan.

Please visit the Government of Canada’s Student Financial Assistance website for additional information.