A Brief Overview On Student College Grants In Canada
Are you a student looking for college grants in Canada? Well, it’s to note here the Canadian federal government offers a series of grants for students aspiring for higher education in the country. The Canadian provinces too offer a number of college grants for the regional students. Depending on your situation, you may be considered for multiple grants.
But how much will you get? Now, that depends largely on a number of factors:
- the Canadian territory or province where you reside in
- your entire family income
- the tuition fees as well as living expenses
- The fact whether you have a dependant or not
- student’s disability, if any
Now, let’s check out the different federal grants you may get for your college education in the country.
Canada Full-time Student Grant
This grant is applicable for those students who belong to middle and low-income families. Also, these students should be a part of a recognized full-time undergraduate course at some designated college. The full-time course should cover minimum 2 years. This grant is also applicable for diploma and certificate courses provided these meet the stated duration.
How much would you receive?
Well, it would be something like $3,000 per 8-month college year which comes to something like $375 a month. The grant will be offered to students every year over the course of their undergraduate program.
Canada Part-Time Studies Student Grant
Like the previous one, this grant too is applicable for those students who belong to middle and low-income families. To be eligible for the grant, a student should be undergoing part-time studies in an acknowledged post-secondary institution- in addition to his undergraduate course. The course could be a certificate, degree or diploma course that must continue for minimum 12 weeks.
How much would you receive?
Well, it would be something like $1,800 per school year.
Canada Full-Time Students Grants (with dependants)
As the name says, this grant is especially designed for full-time students who have a child/children dependent on them and who belong to low-income households. The dependant should be below 12 years. Dependants over 12 years with disabilities are also considered under this grant. The full-time course should cover minimum 2 years. This grant is also applicable for diploma and certificate courses provided these meet the stated duration.
How much would you receive?
You may get up till $200 a month per each dependent child over the course of your full-time program. You will receive this amount along with the Canada Full-Time Student Grant.
Let’s say, you are eligible to receive $3,000 (8 months) from Canada Full-Time Student Grant. If you are also eligible for the grant for students (full-time) with dependants, you will receive $1,600 for each child ($200 x 8 months).
Canada Part-Time Students Grants (with dependants)
This grant is applicable for part-time students who have a child/children dependent on them and who belong to middle & low-income households. The dependant should be below 12 years. Dependants over 12 years with disabilities are also considered under this grant. The part-time diploma/degree/certificate course should cover minimum 12 weeks.
How much would you receive?
You would get something like $1,800 per school year.
The Canadian Federal Government also has post-secondary grants for students down with some kind of permanent disability. There is another grant especially for students suffering from permanent disability. It’s called Grants for equipments & services for students suffering from permanent disability. This grant will take care of the accommodation costs as well as textbook and tuition expenses of these students.
Final words
It’s to note here the grant amounts mentioned above are average sums. When you apply for a grant, your application is thoroughly assessed. The grant amount will be decided based on your specific family income and other mandatory factors.
Apart from these grants, there is a great savings plan for higher education. It’s called RESP by Heritage Education Funds. The plan enables new parents to save for their kids from an early age. Under this plan, you will have to create a separate savings account which will be solely dedicated to your child’s higher education when you will grow up. To know more about Heritage Education Funds, please go to https://ca.indeed.com/Heritage-Education-Funds-jobs. It’s better to start your savings early.
