Improvements to the Loans and Bursaries program will enter into force in the coming weeks to ensure that students’ needs are met and to encourage a return to studies, despite the COVID-19 pandemic.

The modifications will apply as of the 2020-2021 award year (September 2020 to August 2021). However, as applications for financial assistance have already been received, files will automatically be reassessed in the coming months. You will receive a notice indicating the changes. Please note that, until the amount of financial assistance is recalculated, the agents will not be able inform you of the amount to which you are entitled.

Information on improvements 2019-20202020-2021
Living expensesBeneficiary living with their parents$434$456
Beneficiary not living with their parents$929$975

Temporary allowable expenses for 2020-2021 award year

Beneficiary living with their parents-$96
Beneficiary not living with their parents-$205
Student contribution standardsProtected income base amount$1 171$1 475
Thresholds for contributions from othersTwo parents living together$48 500$55 000
Parent living alone$40 000$50 000
Spouse$38 000$48 000
Allowance for training support materials (per term)-$150$500

Additionally, there will be a temporary exemption for income earned during the fight against COVID-19. No employment income earned between March 13 and August 31, 2020, by working in certain organizations in the health and social services network will be considered for the 2020-2021 year. However, this income must be declared at the line “Gross employment income”.  During the year, a notice will explain the procedure for declaring income not considered.

Additional information

Allowance for training support materials (ATSM)

You may request this allowance by means of your financial application form. You may also request it later when submitting a Declaration of Change form. Please note that this request cannot be cancelled. 

Reduced parental income because of COVID-19

If your parents experience an income drop of at least 10% and you are a dependent, encourage them to fill out one of the following forms:

Eligibility for student financial assistance

You may be eligible for student financial assistance because of these improvements. You may submit an application online and transmit the required documents.