Higher Education in Prince Edward Island - Access - Financial Aid

Financial Aid

Student Loans Programs

Full-time student loan funding in Prince Edward Island is based on two programs, the Canada Student Loans Program and the Prince Edward Island Student Loans Program. Students enrolled in at least 60% of a full-time programs are eligible to receive up to $210/week from the Federal program and $165/week from the provincial program.

Millennium Access Bursaries in Prince Edward Island

The Canada Millennium Scholarship Foundation was established in 2005 to provide support to students with demonstrated financial need. The millennium access bursaries have been distributed in the form of grants to single, dependent, low-income students. There are two groups of eligible students: those who began post-secondary studies during the 2005/06 academic year, and those who are began studies in 2006/07. Millennium access bursaries are not available to students who have enrolled after the end of the 2006/07 academic year. Eligible students were able to receive a $1,000 grant in their first year of study, $2,200 in the second year, and $1,800 in the third. Students must have been enrolled full-time in undergraduate studies that lead to a degree, certificate or diploma in a program of at least two years in length. Students who qualify for financial assistance from Prince Edward Island Student Financial Services will be automatically considered for a cash grant of $1,000.

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