Types of Funding

Repayable Funding

Funding totals are assessed by an examination of what resources are available to the student and what the total costs are for the school year.
Essentially, the formula is: Allowable Expenses –Resources = Assistance Amount.

Funding for Saskatchewan Students Loans is as follows:

• Student with Dependents: maximum assistance - $415 per week; repayable - $210 per week; debt reduction; - $205 per week
• Student without Dependents: maximum assistance - $350 per week; repayable - $210 per week; debt reduction - $140 per week

Non-Repayable Funding

The following types of non-repayable assistance (bursaries and grants) are assessed automatically through the student loan application:

Grant for Students with Permanent Disabilities
$2000/year

Grant for Services and Equipment for Students with Permanent Disabilities
Up to $8000

Grant for Students from Low Income Families $250/month

Grant for Students from Middle Income Families
$100/month

Grant for Students with Dependents
$200/month per child

Transition Grant
$3000

Note 1: The assistance programs listed above reduce the amount of loan funding issued.

Note 2: The Canadian Millennium Scholarship Foundation (CMSF) and all of its associated grants has run out as of April 2009. The new federal Transition Grant have been put in place to deliver continued funding to previous Canada Millennium Scholarship Foundation General Bursary (CMB) recipients for the remainder of their post-secondary program.