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Students with questions about the tax implications of their awards should contact the Canada Revenue Agency. Grants are not repayable unless a student is later deemed ineligible for the grant and an overpayment is identified.Īlberta Student Aid issues tax forms (T4As) when a student receives more than $500 of grant funding per calendar year. Grants are provided to students based on specific eligibility criteria. The Alberta Student Aid Service Centre is the service provider for Alberta Student Loans. The maximum Alberta Student Loan that can be issued is determined by Alberta annual and lifetime loan limits. When an Alberta Student Loan is approved, the minimum that will be issued is $100. Registered Alberta apprentices enrolled in classroom instruction (apprenticeship education programs) and students enrolled in approved pre-employment programs are eligible for Alberta student loans and grants. The National Student Loans Service Centre is the service provider for Canada Student Loans. The maximum Canada Student Loan that can be issued is 60% of the student’s Canada calculated need, up to a maximum of $210 per week. When a Canada Student Loan is approved, the minimum that will be issued is $100. To be eligible for Canada Student Loans, dependent students who apply must complete Part B of the Schedule 1 or Schedule 1C, providing parental financial information. LoansĬanada and Alberta Student Loans are forms of student aid that recipients are required to repay. As a result, a student may not be eligible for all types of funding.
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