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Examples of Available Funding
| Weekly Maximum Assistance (full-time program) | ||||
| Program | Single Student | Married Student (no dependents) |
Married or Single Parent Student (1 or 2 dependents) | Married or
Single Parent Student (3 or more dependents) |
| Canada Student Loan (CSL) | $210 | $210 | $210 | $210 |
| P.E.I. Student Loan (PEISL) | $165 | $165 | $165 | $165 |
| Canada Study Grant | -- | -- | $40 | $60 |
| Total Assistance Available | $375 | $375 | $415 | $435 |
| Maximum level of assistance for a university student with a 34 week study period: | ||||||
| CSL | = | 34 weeks of study | x | $210/week | = | $7,140 |
| PEISL | = | 34 weeks of study | x | $165/week | = | $5,610 |
| $12,750 | ||||||
| Maximum level of assistance for a college student with a 37 week study period: | ||||||
| CSL | = | 37 weeks of study | x | $210/week | = | $7,770 |
| PEISL | = | 37 weeks of study | x | $165/week | = | $6,105 |
| $13,875 | ||||||
| Examples of Distribution Schedule for Student Loans | |||
| Approved Level of Assistance | Distribution | Issue Date | |
| $4,000 | CSL | $4,000 | Beginning of program |
| PEISL | $0 | ||
| $7,600 | CSL | $7,140 | Beginning of program |
| PEISL | $460 | Midpoint of program | |
| $9,000 | CSL | $7,140 | Beginning of program |
| PEISL | $1,860 | Midpoint of program | |
Note: Depending upon a student’s assessed need, all funding approved could be issued at the beginning of their program.
| Student Financial Services Main Page |
This information has been taken from website "Innovation and Advanced Learning"