Loans and Grants for Full-Time Studies

When you apply for Nova Scotia Student Assistance for Full-Time Studies*, you are applying for both Loans AND Grants, from both the government of Nova Scotia and the government of Canada.

  • All these loans and grants have the same basic eligiblity criteria.
  • Some of them have additional criteria (see links below)
  • Grants do not need to be repaid.
  • Loans must be repaid starting six months after you leave school.
    • NS Loans begin to accumulate interest six months after you leave school, unless you apply for and qualify for 0% interest.
    • Canada Student Loans begin to accumulate interest as soon as your classes end.

One Application

With a single application you are applying for all of the Grants and Loans listed in the table below at the same time. Please note that grants for students with permanent disabilities may require additional documentation.

 

About our Funding

These amounts given in the table below are program maximums. Many students receive less than the maximum.

  • These maximum numbers apply to all students and cannot be increased through an appeal, regardless of your calculated need.
  • If you are receiving the maximum amounts, but still need more funding for school, you may have to look at other financing options.
  • For most students, saving during your pre-study period and budgeting wisely or even working during your study-period will mean you can afford most typical school programs with the help of student assistance.
  • If you plan to attend an expensive school, or if your calculated parental contribution as a single dependant student is not met, then student assistance may not be enough. In this case, you may need to look at other ways of financing your education.
  • The amount that students receive is calculated individually for every student, so the amount can vary a great deal. The average amount that all applicants (including students with high need, disabilities, dependants, etc.) received in Loans and Grants in 2012-2013 was between $9,000-10,000. This includes NSCC, University, and Private Career College borrowers.
  • Many students don't realize there is also a limit on how many weeks of full-time study (total) that student assistance will fund. There is also a limit on how many programs you can complete with the help of student assistance.

2015-2016 Program Funding Maximums

The amounts given below are for the 2015-2016 academic year. These amounts sometimes change, and may be different for other academic years.

The Nova Scotia Government Student Loan & Upfront Grant have increased in each of the past three years.

Click to learn more about the criteria for each kind of funding.

Government of Nova Scotia

Government of Canada

Student Loan & Upfront Grant

Subject to all basic eligibliity criteria.

$180/week of study (max)

This is 40% grant, 60% repayable loan

Student Loan

Subject to all basic eligibliity criteria.

$210/week of study (max)

This is 100% repayable loan

Other Nova Scotia Grants:
(All non-repayable)

Canada Student Grants:
(All non-repayable)

High Need with Dependents:

$20/family/week of study

Middle Income Families:

$150/month of study

 

Low Income Families:

$375/month of study

 

Students with Permanent Disabilities:

up to $2,000/year

 

 

Services and Equipment for Students with Permanent Disabilities

up to $8,000/year

 

Students with Dependents:

$200/month of study/child under age 12

 

Learn more about Funding for Part-Time studies

 

Weeks of Study:

Most NSCC programs are typically 39 weeks long per academic year.
Most university programs are 34 weeks long per academic year.
Other programs may have a wide variety of lengths - check with your school.


Nova Scotia Grant: High Need with Dependents.

This grant is for high-need students with dependants, where high need means the student's calculated need is greater than $275 per week of study. The maximum amount of this grant is $20 per week of study.