A number of changes to the Canada-Newfoundland and Labrador Student Financial Assistance Program came into effect for the 2016-17 academic year. These changes will impact both the federal and provincial portion of your funding. Review the information below to see how these changes may affect you.
The Government of Canada has increased Canada Student Grant amounts by 50 per cent beginning in the 2016-2017 academic year:
For students in repayment of their Canada-Newfoundland and Labrador student loan, the Repayment Assistance Plan (RAP) can assist those who qualify for a reduced monthly payment or no monthly payment. Beginning in 2016-2017, there is an increase to the loan repayment threshold under the Canada Student Loans Program's Repayment Assistance Plan to ensure that no student will have to repay their Canada Student Loan until they are earning at least $25,000 per year.
For the 2016-17 academic year, provincial funding will be in the form of NL Student Loans and NL Student Grants. For those eligible, you may receive up to $40/week in NL Student Loan and up to $100/week in NL Student Grant for a combined weekly amount of $140 (For MUN Medical Students - up to $75 NL Student Loan plus $125 NL Student Grant for a combined weekly amount of $200).
Note: Students studying outside of the province who have been deemed eligible for student financial assistance are automatically assessed for up to a maximum of $140/week of study in NL Student Loans. You may be eligible for an amount of NL Student Grant (up a maximum of $100/week in NL Student Grant for a combined total of $140/week in loans and grants) if approved by submitting the NL Student Grant Eligibility form (752 KB) and all required documentation.
Starting in the 2016-17 academic year, students with permanent disabilities may access the Grant for High Need Students with Permanent Disabilities* if they:
To be considered for this grant, you must submit the Application for Grants for Services and Equipment for Students with Permanent Disabilities (2.3 MB) along with the online Student Aid application. If your need is higher than $8000, you will receive additional funds from the High Need Grant for Students with Permanent Disabilities.
*Funding for this grant is provided by the Labour Market Agreement for Persons with Disabilities (LMAPD)
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