Since its creation in 2020, the Alberta Student Grant has helped reduce financial barriers for low-income students so they can focus on their education.
Effective immediately, eligible Alberta Student Grant recipients for the 2023-24 academic year will receive up to $5,100 in non-repayable funding support. Monthly support payments will rise from $250 to $425 per month, an increase from the 2022-23 academic year.
Alberta Student Grant applications for the upcoming academic year will open on June 28.
To ensure a smooth process, students applying for Alberta student loans will be automatically assessed for Alberta Student Grant eligibility. No separate application will be necessary.
Earlier this year, Alberta’s government announced more affordability measures that will provide further financial relief to Alberta student loan borrowers, effective July 1: Interest rates are reduced from prime plus one percent. The student loan interest-free grace period doubled from six months to 12 months.
The threshold for the Repayment Assistance Plan increased from $25,000 to $40,000 so more students can benefit from the program.
A student is not eligible to receive the Alberta Student Grant for Full-Time Students and the Canada Student Grant for Full-Time Students for the same study period.
To be eligible, a student must:
be a Canadian citizen or permanent resident, or have protected person status (as defined in the Immigration and Refugee Protection Act),
be considered a resident of Alberta,
demonstrate at least $1 of assessed Canada or Alberta calculated need,
be pursuing full-time post-secondary studies in a program designated for provincial student aid that is:
a one-year program including Open Studies and University Transfer,
an apprenticeship education program under the Skilled Trades and Apprenticeship Education Act (STAEA), or
a graduate-level program,
be in good standing on any previously-issued Canada and/or Alberta student loans, and
have a family income that is below the Income
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