Student Loans

Part-time Loan and Grant Funding

Students who are attending Mount Royal University on a part-time basis and is registered in post secondary courses and less than 60% of a full course load could be eligible for Financial Assistance For Part-Time Post-Secondary Studies. 

Top 5 questions about part-time government funding

RESIDENCY

Federal Part-Time Residency

To be eligible for part-time federal student aid, the student must:

  • be a Canadian citizen or permanent resident (landed immigrant), or have protected person status
  • reside in a province that issues Canada Student Loans

Alberta Part-Time Residency

To be eligible for part-time provincial student aid:

  • Alberta must be the last province the student has lived in for 12 consecutive months, excluding time spent as a full-time post-secondary student.
Once you have registered for you course(s) you can apply for your part-time funding. Your application will take six to eight weeks to be processed.
Part-time applications can be printed from Student Aid Alberta. A portion of the part-time application must be completed by the educational institution so please bring your completed application to Student Awards and Financial Aid office during business hours.
Part-time funding is intended to help cover the cost of:
  • tuition
  • books
  • travel
  • childcare

Unlike full-time funding, part-time students cannot apply for funding to cover their living expenses (i.e., rent, utilities, food, etc.)

Alberta Part-time Grant

To qualify for this grant, the student must be in financial assistance and the family income must fall below the Middle-Income Threshold.

The maximum amount that will be issued is up to $600 per semester.

The maximum funding available for one calendar year is $1,800.

Part-time Canada Student Loan

To qualify for this grant, the student must be in financial assistance and the family income must fall below the Middle-Income Threshold.

The minimum funding available is $100.00 per application and the maximum principal amount is $10,000.00.

Canada Study Grant for Part-time Students

You must be from a low income household as determined by the Canada Student Loans program to receive up to $600 per semester to a maximum of $1,200 per loan year.

Canada Student Grant for Students with Permanent Disabilities

For a person with a permanent disability as defined by the Canada Student Loan Program and part-time Canada Student Loan eligibility.

Canada Student Grant for Services and Equipment for Persons with Permanent Disabilities

If you have a need for exceptional education-related services or equipment required to participate in post-secondary studies you could receive up to $8,000 per loan year to help cover these costs.

Interest on a Part-Time Canada Loan begins accruing the first day of the month after studies end, but there is a six month grace period before repayment begins.  Contact the National Student Loans Service Centre at 1.888.815.4514 to ensure everything is in order and to find out specific details about your loan(s).

Students in full-time studies are not required to pay interest on previously-issued Part-Time Canada Loans.

Students in part-time studies who want their previous full-time Alberta Student Loans to stay in interest-free status must complete a Form B.