child should be encouraged to contact the financial aid office
at the schools he or she plan to attend. The financial aid
officer will examine income and assets on a case by case basis.
And discuss aid programs and applications. Here are a number
of avenues currently available:
Canada Student Loans
CSLP is governed by the Canada Student Financial Assistance
Act. The government determines student eligibility for a loan
while authorized lending institutions such as banks and credit
unions provide high levels of service to student borrowers
according to criteria established by the federal government.
be eligible for the CSLP you must be a Canadian citizen or
permanent resident of Canada. Enroll, or be eligible to enroll, in a designated
post-secondary educational institution in a program leading
to a degree, diploma or certificate, and satisfy the appropriate
provincial authority that you do not have enough resource
to cover the cost of your post-secondary education by completing
a student application form.
here for more information on the
Canada Student Loans and Grants
income includes any monies received in the form of: scholarship,
fellowship, bursary, artist project grants and achievement
prizes. The first $3,000 of scholarship income is allowed
provides a comprehensive database to search out scholarships,
student awards, bursaries and grants. You’ll also find information
about student loans, applications and budget planning.
The information contained in this commentary is designed
to provide you with general information only, and is not intended
to be comprehensive advice applicable to the circumstances
of any individual. We strongly urge you to seek professional
assistance before acting upon information included herein.