ALBERTA STUDENT AID: HOW TO MAKE MONEY FROM YOUR STUDENT LOANS | APPLICATION PROCESS EXPLAINED

In this video, I explain the Alberta Student Aid application process and how you can use your Alberta Student Aid loans to access scholarships & grants to support your financial needs while you are a student.
TIMESTAMPS
0:00 Video Introduction
0:37 What is Alberta Student Aid?
1:40 Program Eligibility
2:17 Application Process
4:47 What Happens After You Apply?
5:42 Changing Full Time to Part Time Status
6:22 Receiving Your Funds
6:45 Repaying Your Loans
About Alberta Student Aid
Student Aid is a government service that provides student loans, grants, scholarships, and awards to help you pay for your post-secondary education. Student aid may not cover all of your costs, so you’ll need to plan to make up the difference.
You only have to submit one application to be considered for loans and grants from both Alberta’s government and Canada’s government. Most students get money from both, which means you may get two smaller loans instead of one big one.
You should:
• Apply early. The only way to know for sure how much money you’ll get is to apply and wait for your award letter. You should apply at least 60 days before your classes start so that you have time to figure out your finances.
• Apply every year. You can apply for student aid for up to 12 months at a time. If your period of study is longer, you need to submit another application.
To qualify for student aid, you must:
• maintain academic progress
• meet residency or citizenship requirements
• have financial need
• be enrolled in a program approved by Student Aid
Use the Student Financial Assistance Estimator to predict roughly how much money you can get. Full-time student aid is calculated based on program type and financial need. Part-time student aid is calculated differently.
studentaid.alberta.ca/
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