Students Can Now Apply for the 2017-18 Student Loan Year
The 2017-18 student loan year is underway and students can now submit their applications for student financial assistance for academic programs beginning on or after August 1, 2017.
As part of Budget 2017, changes were made to the Canada-Saskatchewan Integrated Loan Program to better target assistance to students with the greatest financial need.
- Consolidating existing grants and bursaries into an up-front grant of up to $1,000.
- Simplifying student loan contributions by setting a fixed-rate contribution between $1,500-$3,000.
These changes provide for predictable levels of funding for low-income students and makes financial assistance more transparent and understandable.
“Our government is committed to helping students access post-secondary education through a variety of support programs and services,” Advanced Education Minister Bronwyn Eyre said. “The changes to the Saskatchewan Student Loan program are part of government’s efforts to continue to improve publically-funded programs and will help ensure post-secondary education remains affordable for students.”
Students will know well in advance what funding is available, which will allow them to make informed decisions about post-secondary education. Combined with the Saskatchewan Advantage Scholarship and federal grants, lower income students could qualify for up to $4,500 in up-front grant awards. Students are encouraged to apply early.
More information on Saskatchewan Student Loans can be found at www.saskatchewan.ca/studentloans or by calling 1-800-597-8278.
For help filling out your Student Loan application, check out our new how-to videos:
Changes to Student Loans: https://www.youtube.com/watch?v=n4kQV1Q6OSc&feature=youtu.be
Student Loan Application: https://www.youtube.com/watch?v=ayDETtiqJpI&feature=youtu.be