For students who qualify, this bursary will reduce the loan portion of the total assistance. This bursary is a cost sharing partnership with Alberta post-secondary institutions and the Government of Alberta. Applicants must complete Schedule 4 of the Student Loan Application. They reduce the amount of the loans students need to take out. Students must be in a second or subsequent year of study to qualify.
Eligibility is based on income guidelines.
Interest charges begin on the date the loan is negotiated. This program is intended for adult Albertans who are faced with barriers caused by permanent disability and who need assistance in order to enter or maintain employment. Recipients must sign an agreement to live and work one year in northern Alberta for each year of full bursary support. It takes approximately six to eight weeks for a review to be processed. If a loan is not reinstated prior to the expiration of the six-month exemption period, interest charges will accrue and loan payments may be debited from the student's account.