Government Loan Information
The federal and provincial governments of Canada offer Canadian students educational funding support through:
If you plan to have a student loan, you can also apply for support through our bursaries program.
If you are applying for a government student loan for the Academic Year (September - April), apply early to ensure your funds are available at the beginning of the Fall term. You only have to apply through your provincial government to receive a loan assessment from both the federal and provincial loan programs.
Your provincial student loans office will tell you what to do with your Master Student Financial Assistance Agreement (MSFAA). This very important document is a legal agreement between you (as a borrower) and the Canada Student Loans program (as a lender). It outlines your responsibilities and the terms and conditions of accepting and repaying your Canada Student Loans. The MSFAA must be completed the first time you get a Canada Student Loan, and it remains valid as long as you continue to borrow new Canada Student Loan funding. It expires once you have not applied for two consecutive years or move to another province.
Choose Your Province or Territory:
AlbertaBritish Columbia
Manitoba
New Brunswick
Newfoundland & Labrador
Nova Scotia
Northwest Territories
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Alberta
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! Alberta Student Aid only permits Acadia to request loan funds to cover tuition and mandatory student fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
Once your loan application is processed, you’ll receive a Student Award letter which will tell you whether you are eligible for funding, how much you can expect to receive in loans and/or grants, and when you can expect to receive the money.
British Columbia
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term Acadia will electronically request the necessary funds from your loan to pay your semester's fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
You can check your application status from your StudentAid BC dashboard. StudentAid BC will process your application and notify you of the outcome on your dashboard account.
Manitoba
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term Acadia will electronically request the necessary funds from your loan to pay your semester's fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
Manitoba Student Aid will notify you about how much you are eligible to receive and what forms you need to fill out. If the application was not successful they’ll let you know why.
New Brunswick
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term Acadia will electronically request the necessary funds from your loan to pay your semester's fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
Once your loan application has been assessed, you will receive a Notice of Assessment with information on the amount of your assistance, if you qualify, including the disbursement schedule for your funding.
Newfoundland & Labrador
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term Acadia will electronically request the necessary funds from your loan to pay your semester's fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
You will receive a Notice of Assessment via email informing you of the outcome of your loan application detailing the amount, if any, of student financial assistance you are eligible to receive. If your application is reassessed at any point, you’ll receive a Notice of Assessment (Revised). Review this information to ensure you fully understand your assessment. If you have any questions, please contact their office.
Nova Scotia
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term, Acadia will electronically request the necessary funds from your loan to pay your semester's fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
4-6 weeks after you submit your online loan application and income tax consent form, your assessment will be visible online inside MyPATH. Their office will email you once it's ready to view. Log in to MyPath, click on your application and view "Check Status" to see your Assessment details. Your assessment details whether you qualify for Assistance, which loans or grants you are eligible to receive, and the amounts. The Assessment also includes an overview of how your resources and expenses were calculated, and ultimately your financial need. While you're there, check to see whether you have any tasks to complete or documentation to submit to their office.
Northwest Territories
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
SFA will provide you with a written response including details about how much funding you can receive or the reason(s) you have been denied.
Nunavut
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
If eligible, you will receive an approval letter from FANS which will be your official notification that you will receive benefits. The letter will outline your benefits and provide further instructions to you.
Parents, Privacy Policy
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term Acadia will electronically request the necessary funds from your loan to pay your semester’s fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
Check the status of your application online by logging in through the OSAP website. This is where you’ll find your amount of loan funding. You can opt-in to get email notifications that alert you to check your account when there is an update.
Prince Edward Island
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term Acadia will electronically request the necessary funds from your loan to pay your semester's fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
You can log in to check on your loan application and view your status to see your assessment details. Your assessment details whether you qualify for assistance, which loans or grants you are eligible to receive and the amounts.
Quebec
For full time student loans, undergraduate students must be registered in at least 4 courses (12 hours a week class time) per semester. Graduate students must be registered in at least 9 hours a week class time per semester
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
You’ll receive an email from the Ministry asking you to check your file using the Online Services. This is where you’ll be able to see your loan funding amount.
Saskatchewan
The Student Accounts office will receive an electronic notification of your student loan funding; you will not have to line up with any documents in September or January! At the beginning of each term Acadia will electronically request the necessary funds from your loan to pay your semester's fees. Once we’ve assigned the funds to come to Acadia, you will receive an email at your Acadia email address confirming your loan has been processed.
Loan funds more than the amount requested by Acadia will be direct deposited to your personal bank account by your loan agency.
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
The SK Student Service Centre will process your application once all documents and forms are received. Your assessment results will be electronically posted to your portal account in the Message Centre. You will be advised by email when the information has been posted. Make sure you keep your email address up to date and that you review the emails you receive with subject “Important Student Loan Information”.
Yukon
If you’re not receiving enough funds to cover your Acadia costs you will need to make other arrangements to pay the difference.
Once your loan application has been processed, you will be notified by mail letting you know whether or not you have qualified for a loan. You can also check your Yukon online account and select "check the status of my applications".