he federal and provincial governments offer student loans as a service so that both current and prospective students at post-secondary schools can acquire the money they need to finish their studies and enter the workforce, whether it’s at a college, university, or private institution.
Student loans are a useful resource for pursuing and realizing your educational and professional goals, and practically every student has access to them. It’s a tool that we can utilize to achieve our professional objectives in the timeframe of our choosing.
Financial aid for students is offered to citizens of Newfoundland and Labrador by the governments of Canada and Newfoundland and Labrador. You can get assistance with accessing and paying for post-secondary education through grants and loans. StudentAidNL will evaluate you for both federal and provincial financial aid using a single application.
In this blog, we’ll go over key information regarding how to apply for student aid in Newfoundland and what you may be eligible for. You can also learn how to apply for other loans in provinces across Canada including Alberta, British Columbia, Saskatchewan, Ontario, Manitoba, and New Brunswick.
In order to start the process and receive the funding you need, you must register for a StudentAidNL account or sign in to an existing one to finish and submit an application for the support that you need.
You can apply for federal and provincial financial aid by completing the full-time or part-time application and sending StudentAidNL all the necessary paperwork. Applications can only be processed by StudentAidNL if:
There is also certain information you will need to provide. Prior to beginning the application, you will need:
You will also need specific information about the program you are pursuing including:
There is additional information to provide if you are a dependent student:
You will additionally need the following info if you're a married or common-law student:
The government has provided a weekly overview of the amount of funding that students can get based on their specific situations. StudentAidNL has broken down its funding into the following:
Learn more about the process of receiving your funds.
If a student satisfies all of the following requirements, they are eligible for financial aid:
There is also criteria to continue being eligible to receive student aid. To continue being eligible, you need to consider:
Do you intend to attend school elsewhere than Newfoundland? You should think about whether the college, university, or other post-secondary schools you intend to attend is a designated institution as one of the initial stages (students can only access student financial assistance if they attend a designated institution).
The formal procedure of designation is what post-secondary educational institutions go through to make their students eligible for student financial aid. Prior to receiving financial aid, students must designate educational institutions and their programs.
You may see a list of designated schools with the Government of Canada. Student initiative is what drives the designation process. Get in touch with StudentAidNL if your school is not included on the list.
Considering applying for post-secondary education? The government-approved programs at ABM College will prepare you for the workforce and are eligible for StudentAidNL. Discover our range of diploma programs in business, technology, and healthcare.
Contact us today to learn about how our programs can benefit you. Get your diploma in just 33 weeks and find work in the field that you find meaningful.
You can also read our blog for more education and industry information.
Get started on the road to becoming an ABM College graduate today with our free information kit. In it, you will learn about all of the exciting programs we offer, our philosophy, information about our campuses, and lots more.