Manitoba Student Aid
Loans You Have to Pay Back - Loans:
Canada Student Loans - Federal Assistance
These federally subsidized loans are interest-free while you are a full-time student. Interest begins to accumulate once you cease to be a full-time student. You are not required to make payments until 6 months after you cease to be a full-time student. The maximum Canada Student Loan is $210 per week of study. Example: for a 34-week program, the maximum is $7,140 ($210 x 34).
Manitoba Student Loans - Provincial Assistance
These provincially subsidized loans are interest-free while you are a full-time student and for six months after your studies end. You must begin repayment of the loan six months after you cease to be a full-time student. The maximum Manitoba Student Loan is $140 per week of study. For a 34-week program, the maximum is $4,760 ($140 x 34).
Deadline: All information and required documentation must be received no later than two months before your period of study ends. Funds cannot be released after your period of study end date.
Assistance You Don't Have to Pay Back - Grants/Bursaries:
Canada Student Grants: for Students from Low-income Families
If you are from a low-income family, qualify for a federal student loan and you meet the specific grant eligibility requirements, you will receive $250 per month of study (half at the start of the year and half mid-way through), up to a maximum of $3,000 per academic year. This grant is available for all years of your university undergraduate, college, or trade school program, provided your entire program is a minimum of 60 weeks in length.
for Students from Middle-income Families
If you are from a middle-income family, qualify for a federal student loan and you meet the specific grant eligibility requirements, you will receive $100 per month of study (half at the start of the year and half mid-way through), up to a maximum of $1,200 per academic year. This grant is available for all years of your university undergraduate, college or trade school program, provided your entire program is a minimum of 60 weeks in length.
for Students with Dependants
If you are a low-income student, qualify for a federal student loan and you have children under the age of 12* you may be eligible to receive $200 per month for each child.
*As of the start of your study period.
This loan reduction program is funded by the Manitoba government. These funds reduce the amount of student loan debt incurred annually. Loan reductions are applied to student accounts by the middle of September each year following their completed study period.
Awards are applied directly to the student’s Manitoba Student Loan debt. The loan limit is determined each year based on two things: the total budget for the loan reduction program, and the number of eligible students.
You must negotiate (cash) a Manitoba Student Loan in order to receive a Manitoba Bursary.
Part-Time Students Assistance You Have To Pay Back – Loans:
Part-time Canada Student Loan – Federal Assistance
Students applying on a part-time basis (between 20% and 59% of a full course load, 20% to 39% for students with disabilities) must apply to the province in which they will be living when attending school. Part-time students cannot apply via the Internet. The maximum assistance for part-time students is $10,000. Interest will accumulate while you are studying, but you are not required to make payments until six months after you graduate or stop going to school.
To be eligible you must be enrolled in a post-secondary school, and must be taking a program of study that leads to a degree, diploma or certificate. There are maximum income limits for part-time loan eligibility.
Assistance You Don’t Have To Pay Back – Grants:
Canada Student Grants for Part-time Students with Dependants
If you are a part‑time student with up to two children under the age of 12* you may be eligible for $40 per week of study, and if you have three or more children under the age of 12* you may be eligible for $60 per week of study.
*As of the start of your study period. for Part-time Studies
If you are a part-time student, qualify for a Part-time Canada Student loan and are from a low-income family, you may be eligible for up to $1,200 per academic year.
Students with Disabilities - Canada Student Grants for Students with Permanent Disabilities
If you have a permanent disability and qualify for a federal student loan you may receive $2,000 per academic year to help cover the costs of accommodation, tuition, and books.
There is no separate application for this grant. Your eligibility will be automatically assessed if you include verification of permanent disability when applying for a full-time Canada Student Loan.
for Services and Equipment for Students with Permanent Disabilities If you have a permanent disability which requires you to incur exceptional education-related costs for things such as tutors, note-takers, interpreters, braillers or technical aids, you may receive up to $8,000 per academic year to help pay for these expenses. There is a separate application for this grant.
You must also provide written confirmation from a person qualified to make this confirmation, that you have exceptional education-related costs associated with your disability.
You must provide the exact cost of the equipment or services.
If you are having difficulty making the minimum monthly payment on your student loan there are debt management programs available to you. By not making required payments, you will be considered in default of your loans. This has serious consequences for your credit rating and your future ability to obtain credit (loans, mortgages, credit cards, etc.). By informing your lenders of your situation, you give them the opportunity to work with you through the difficult times. If you have student loans issued on or after August 1, 2001 you may qualify for the Repayment Assistance Plan or the Repayment Assistance Plan for Borrowers with a Permanent Disability. If you have student loans issued prior to August 1, 2001 please contact your lender for repayment assistance options.
Repayment Assistance Plan
The Repayment Assistance Plan (RAP) is available to borrowers who are having difficulty paying back their student loan debt. The Plan makes it easier for student loan borrowers to manage their debt by paying back what they can reasonably afford (affordable payment) instead of the normal required payment amount.
Under the Plan:
· No borrower should have a repayment period of more than 15 years (or 10 years for borrowers with permanent disabilities) from the last full time period of study end date.
· Affordable student loan payments are based on the borrower’s family income and family size.
· Borrowers will not make payments exceeding 20 percent of their family income towards loans covered by RAP.
In certain cases borrowers may not have to make any student loan payments until their income increases. The new RAP replaces the Interest Relief and Debt Reduction in Repayment measures on direct loans.
Repayment Assistance for Borrowers with a Permanent Disability
If you are a student loan borrower with a permanent disability, the following provincial student loan repayment measures are available:
· Repayment Assistance Plan for Borrowers with a Permanent Disability (RAP-PD)
· Permanent Disability Medical Forgiveness
Contact Manitoba Student Aid (MSA) if you are experiencing financial difficulty. Staff can help you understand the repayment assistance measures available.
Repayment Assistance Plan for Borrowers with a Permanent Disability
RAP-PD is available to borrowers with a permanent disability who are having difficulty repaying their student loan debt. RAP-PD makes it easier for borrowers with a permanent disability to manage their student debt by paying back what they can reasonably afford.
Under The Plan:
· Loan payments are based on family income, family size, and disability-related expenses (allowable uninsured medical expenses, special care and other expenses directly related to the disability).
· Borrowers will not make payments exceeding 20 percent of their income towards loans covered by RAP-PD.
· In certain cases borrowers may not have to make any loan payments until their income increases.
· No borrower with a permanent disability should have a repayment period longer than 10 years from the last full time period of study end date.
· Applications are approved for periods of 6 months at a time. Borrowers must submit a new application for each 6 month term.
How do I apply?
You must apply for RAP-PD. Enrolment is not automatic.
· Download the application form from the “Print It” section on our website or request an application from MSA by phone.
· Complete and sign the application form and submit it to MSA with all the required supporting documentation.
· Call MSA at (204) 945-6321 or toll-free (in Canada and the US) at 1-800-204-1685 for information about your eligibility for RAP-PD.
Note: Student loan borrowers who received student loans before Aug 1, 2001 are not eligible for RAP-PD on their Manitoba Student Loans. They may apply for Interest Relief through their financial institution. Applications for Debt Reduction in Repayment are made through MSA.
Permanent Disability Loan Forgiveness
The governments of Canada and Manitoba may forgive your student loans if you are unable to repay because of a permanent disability. If you are a borrower with a severe permanent disability who is prevented from working and going to school and who will never be able to repay your loans, you may benefit from having your loans immediately forgiven under the Permanent Disability
Medical Forgiveness program.
Manitoba Student Aid Branch
Phone: 204-945-6321 Toll-Free: 1-800-204-1685 TTY: 1-888-815-4556
Manitoba Student Aid:
401-1181 Portage Avenue
Winnipeg, Manitoba R3G OT3
Provincial Building - 3rd Floor
340 9th Street
Brandon, Manitoba R7A 6C2
Phone: (204) 726-6592
Fax: (204) 726-6599
Canada and the USA call toll-free: 1-800-204-1685.
A TTY phone is available for the hearing impaired at 1-204-945-8483 (in Manitoba) or 1-866-209-0696 (Canada and the USA).
http://www.edu.gov.mb.ca/msa/ Private Vocational Institutions Office:
401-1181 Portage Avenue
Winnipeg MB R3G 0T3
Phone: (204) 945-8507