Basic Eligibility Requirements

You are eligible for student financial assistance if you meet all of these basic eligibility criteria:

  • you are a Canadian citizen, permanent resident or have protected person status
  • you are a permanent resident of Newfoundland and Labrador
  • you have a valid Canadian social insurance number
  • you have demonstrated financial need
  • you pass a credit check (only for first time applicants 22 years of age or older)
  • you are not in default on previous federal and/or provincial student loans
  • you are pursuing full-time studies at a designated educational institution
  • you are enrolled full-time in a program of study leading to a degree, diploma or certificate that is at least 12 weeks long

Note: You can only receive funding from one province.

To Maintain Eligibility

  • Academic Performance – complete a full course load (60% – federal, 80% – provincial and 40% – students with permanent disabilities) during each period of study you receive financial assistance as a full-time student. If you do not meet this requirement on two separate occasions, you will no longer be eligible for financial assistance for a 12 month period. A third time will result in a loss of eligibility for at least 36 months.
  • Subsequent or Switching Programs – demonstrate that the program(s) represents academic progression, has good labour-market prospects and will not result in an unmanageable level of debt. You will be required to submit a letter of rationale to support your decision. You are encouraged to provide labour market research including contact with employees/employers in your chosen field.
  • Faculty Registration – if attending university, be in a faculty by the end of the fourth semester.
  • Work Terms – if registered in full-time studies at your educational institution, confirm your gross income for the period. If your work term is unpaid, provide confirmation from your employer or educational institution. Note: Education/social work internships and nursing preceptorships are not considered work terms.
  • Audit – all information provided to the Student Financial Services Division is subject to audit. Any discrepancies will result in an automatic adjustment to your file and may affect your eligibility.
  • Student Financial Assistance Abuse – False or misleading statements, information, and misrepresentation, including by omission, may be considered fraud or abuse and may result in a borrower being restricted from student financial assistance for a period of up to five years. Student financial assistance includes loans, grants, and repayment assistance. In some instances the borrower may be required to immediately repay any loans or grants received from fraudulent or abusive actions.
  • Lifetime Limit – There is a lifetime limit of 340 weeks of student financial assistance. If you are a doctoral student it is up to 400 weeks. Students with permanent disabilities and students who obtained a guaranteed loan (a loan prior to August 1, 1995) can apply for up to 520 weeks of assistance. Eligible assistance includes times you were in interest-free status, which means you did not pay any interest on your loans while you were in full-time studies.

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