Financial support and funding options for students during COVID-19
The COVID-19 pandemic has brought additional financial challenges to many students. Support is available now and there are a number of options to consider when it comes to paying for your education.
Emergency benefit programs
Canada Emergency Student Benefit (CESB)
The Government of Canada announced $9 billion in financial support for students affected by COVID-19 through a number of initiatives, including the Canada Emergency Student Benefit (CESB).
The CESB provides financial support to post-secondary students, and recent post-secondary and high school graduates, who are unable to find work due to COVID-19.
Post-secondary students eligible for COVID-19 emergency aid can apply for the CESB through Sept. 30. Look for SAIT as the "Southern Alberta Institute of Technology" under educational institutions.
In addition to the CESB, Canada’s COVID-19 Economic Response Plan also includes expanded programming to support jobs and work placements for students. Check these out:
Canada Emergency Response Benefit (CERB)
If you have stopped working because of COVID-19, the Canada Emergency Response Benefit (CERB) may provide you with temporary income support.
See what other funding may be available to you through Canada’s COVID-19 Economic Response Plan.
Government student loans are a popular resource when it comes to paying for your studies. Student loan applications open in June. You can apply for Alberta Student Loans at studentaid.alberta.ca or through the student aid office for your province.
Already have a student loan? Effective March 30, the Government of Alberta has deferred all student loan payments until Sept. 30. Interest will not be accrued during this period. The Canada Student Loan program has also deferred payments and paused interest accrual until Sept. 30.
There is more than $5 million available in student awards at SAIT. In some instances, these awards are program specific and in others, students in all programs can apply.
Applications for SAIT’s 2020/21 Entrance Awards are now open. If you’re starting your program in September, find out more and apply now. The deadline to apply is Friday, Aug. 7.
The Bissett Bursary Program for recent high school graduates covers tuition and mandatory fees for recipients while they attend SAIT. Students are selected for the program based on financial need, community involvement and academic success in high school. Find out more and apply now.
There are also numerous awards, scholarships and bursaries offered by private companies and the government for which SAIT students may be eligible. Take a look:
- External awards
- Awards search sites including Scholarships Canada and Student Awards
- Indigenous student awards, scholarships and bursaries
Remember to contact your bank and other services for pandemic-related payment deferrals and other options.
Learn more about financial support and funding options — connect with Financial Advising at SAIT.
If you're a current SAIT student experiencing financial hardship, we may be able to help. Please contact email@example.com.