The 2018-19 student loan year is underway and students can now submit their applications for student financial assistance for academic programs beginning on or after August 1, 2018.
The Government of Canada and the Government of Saskatchewan have made recent updates to the Canada-Saskatchewan Integrated Loan Program to help eligible students pay for post-secondary education.
•$200 per month in additional grant money for full-time students who have been out of high school for at least 10 years.
•Changes to how the Canada Student Grant is calculated for full and part-time students with dependents.
•Ability to request grants-only funding (money that you do not need to pay back) and decline the loans portion (money you must pay back).
“Our government is committed to ensuring students have access to the education and training they need to build their careers and their futures,” Advanced Education Minister Tina Beaudry-Mellor said. “These updates to the student loan program will help ensure post-secondary education remains affordable for students.”
Loans and grants can be used to pay for more than just tuition. Students can use this money for living expenses such as rent, food, transportation and child care.
In 2018-19, the provincial government is providing approximately $73 million in financial assistance for about 17,000 students. Students are encouraged to apply early. Both full-time and part-time students can apply for financial assistance. As well, Saskatchewan Grade 12 graduates (as of 2012 or later) enrolled at a Saskatchewan post secondary institution, will automatically receive the Saskatchewan Advantage Scholarship of up to $500 each year (to a maximum of $2,000).
More information on Saskatchewan student loans can be found at www.saskatchewan.ca/studentloans or by calling 1-800-597-8278.