Who wouldn’t like an opportunity to study full-time to enhance their skills and grow exponentially in their career? But the truth is that most of us either don’t have the time or finances to put our life and job on hold to pursue higher education full-time.
While part-time education programs are tailor-made for working professionals with a shortage of time to enroll in full-time courses, there might still be a small problem of lack of finances to pay for college tuition. To precisely address this problem, Canada Student Grants offer Federal Student Grants for Part-Time Students in need of financial help.
Canada Student Grants for Part-Time Students cover for educational expenses of those enrolled in part-time courses and make it easier for working professionals to go back to school, albeit part-time. Now, do you qualify to get this grant? Let’s explore the eligibility criteria:
You can qualify to receive Federal Student Grants for Part-Time Students if you fulfil all the requirements listed below:
If you are second-guessing yourself trying to figure out if the part-time course or the school of your choice is supported by this grant, then pick up the phone and talk to a guidance counsellor from your preferred school today. They will not only give you clarity of thought with respect to federal and provincial grants but can also introduce you to other financial aid options offered directly by the school.
Two common questions that students wonder out loud are:
To answer the first question, the income threshold to be eligible for this grant is determined based on your family’s gross annual income from the previous year and the number of people in your family. Let’s see if you are eligible for receiving a maximum grant or qualify for the grant altogether depending on the income threshold.
Income for Maximum Grant = The amount your family’s annual income should be lesser than to receive the maximum grant amount.
Income Threshold = The amount your family’s annual income should be lesser than to qualify for the grant.
For a family of one person:
For a family of two people:
For a family of three people:
For a family of four people:
For a family of five people:
For a family of six people:
For a family of seven people or more:
Applying for Federal Student Grants for Part-Time Students is fairly simple. Fill out the financial aid application with your province of residence. This one application covers all federal and provincial student aids. In other words, based on a single student aid application, your eligibility would be evaluated for multiple grants, loans, scholarships, and bursaries across federal and provincial programs. After the eligibility check, appropriate federal and provincial financial aid will be allocated to help you pay for the part-time school program.
Let’s talk money to get you all amped up about Canada Student Grants for Part-Time Students. For the school year of 2022-23, you can get up to $3600 as a grant depending on your family’s annual income. However, it is to be noted that the grant amount will not exceed the assessed financial need. For example, based on your family income, you are assessed for a grant amount of $2000. Then you shall only receive $2000 as Federal Student Grant and the rest of your tuition fee would be split across other student financial aid programs like loans or scholarships. The school year commences on August 1st and will continue up to July 31st.
Didn’t qualify for Canada Student Grants for Part-Time Students? No worries! There are plenty of financial aid options to help you get back to school part-time. You can get Federal Student Loans, Federal Student Scholarships or Federal Student Bursaries to pay for your part-time study program.