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Student Loans

Get support to finance your education  

A student working on a computer in a lab

Consider applying for a government student loan to help finance your education at SAIT.

Eligibility 

To be eligible for a student loan, you must be a Canadian citizen, have permanent resident status or protected person status under the Immigration and Refugee Protection Act.

Students enrolled in full-time programs are eligible for both provincial and national student loans. If you are a part-time student (20-59% of a full-time course load), then you may apply for a part-time student loan. For more information on eligibility and the loans available, visit Student Aid Alberta or Canada Student Loans. For more detailed info please see the Student Aid Alberta Funding Guide.

Apply for your student loan

Applications for the 2019/20 academic year open mid-June

Apply now to make sure your loan is processed as soon as possible — you don't have to be accepted to SAIT to apply for funding.

  • If you're an Alberta resident, visit Student Aid Alberta to apply for a student loan.
  • If you’ve lived in Alberta for less than 12 months prior to the start of your program, you must apply for student loan funding from your province of residence

If you need help applying for an Alberta student loan, contact our funding advisors.

 

Full-time Students

To be eligible for student loans, you must meet and maintain the minimum requirement for full-time status. This means you must be registered in at least 60% of the program credits (usually 9 credit hours per week) for each semester you had indicated on your loan application.

Dropping a course may affect your student loan

If you're making changes to your schedule, make sure you're maintaining full-time status. If your status changes to part-time, any applicable tuition fee refund can be refunded directly to the student and should be paid back to the loan borrower (i.e. Student Aid Alberta or Canada Student Loan).

Please Note: if you were a full-time student and dropped to part-time, cancelled prior to starting, or withdrew from the program, your student loan borrowers will be notified of that change.

Part-time Students

You are considered a part-time student if you are registered in 59% or less of a full course load in post-secondary studies.

Eligibility for part-time students is based on your income, which also looks at your spouse’s/partner’s income if you are married when calculating family income.

If you are uncertain of your status, check with your advisor to see how many courses you need to be enrolled in to be considered to have full-time or part-time status prior to applying for a student loan.

Out-of-Province Students

If you've been approved for a student loan in a province other than Alberta, make sure you've emailed a copy of your Student Award Letter to Office of the Registrar.

The Student Award Letter explains how much money you'll get for the length of your loan, payment dates and how you'll receive it (for example, as a Canada Student Loan, Saskatchewan Student Loan, grants, etc.). We'll need this information to defer your tuition payment until your loan disbursement date. Tuition deferments are usually given until the end of the Add/Drop period for your program.

Find more information about applying for student loans on your province’s student aid website below:

*For Northwest Territories and Quebec student loan students please note that during the loan process we are not able to request tuition to be directed to SAIT, and as such, no tuition deferment will be completed.

Apprenticeship

If you're registered in a Red Seal trade apprentice program, there are many loan and grant options available:

Prior to your loan or grant being confirmed, you must first register and pay for your courses within your apprentice program. Read more on Paying for Your Apprenticeship for tuition and fees, financial tips and more.

NOTE: When you apply for an Alberta student loan, please ensure to select “Apprenticeship” as the program name then select your specific trade as the specialization and/or major.

Getting your Student Award Letter

After your loan application is processed, you'll receive a Student Award Letter from Student Aid Alberta. It explains how much money you'll get for the academic year and when and how you'll receive it (for example, as a Canada Student Loan, Alberta Student Loan, grants, etc.).

If you receive less money than requested on your loan application, you may appeal your assessment by completing a Request for Reconsideration form.

Paying your tuition with your student loan

If you've applied online through Student Aid Alberta and are approved for a student loan before the tuition payment deadline, SAIT will electronically confirm your full-time enrolment and request that payment is sent directly from Student Aid Alberta. This means that your tuition payment deadline will be deferred until your loan disbursement date.

If your loan does not cover the entire amount owing for tuition and fees, then you're responsible for paying the difference on or before the tuition payment deadline.

How to use your student loan to pay your tuition fees

Step one: Check your tuition balance on mySAIT
  • Log on to mySAIT.ca and select the  myStudent tab
  • Click on  Account Summary, then select  Account Summary/Credit Card Payment
  • Refer to your account balance at the bottom of the page
Step two: Verify the tuition portion being sent to SAIT from Student Aid Alberta
  • Refer to the  Tuition Portion column to see how much money will be paid to SAIT
  • Check the  Date column to see when your tuition will be sent to SAIT from Student Aid Alberta. Your tuition payment deadline will be extended until your loan disbursement date.
Step three: Make sure your student loan funding covers your full tuition balance
  • Compare the tuition portion in your Student Aid Alberta account with your account balance in mySAIT.ca
  • If the tuition portion being sent directly to SAIT is not enough to cover your tuition balance, you will need to pay the difference on or before the tuition payment deadline.  
Step four: Receiving your loan money
  • Along with your Notice of Assessment, you'll receive two Master Student Financial Aid Agreement (MSFAA) forms — one for Alberta loans and one for Canada loans. You'll need to complete and submit both forms — make sure you have signed and dated both forms before submitting.
  • Take your completed MSFAA forms to an authorized Canada Post outlet for processing. You're required to provide government-issued photo identification, proof of your Social Insurance Number (SIN), and your personal banking information, such as a void cheque, for your forms to be processed.

Tuition refunds

If you've paid SAIT more money than you owe, you will receive a refund in the fall. For example, if you opt-out of the  Health and Dental Plan, receive transfer  or work experience credit, or over-pay your tuition, your money will be refunded to you.

Contact the Office of the Registrar

If you have additional questions about your loan repayment options, you can drop into MC221 in the Stan Grad building to see a Financial Aid Advisor.

For assistance applying for loans or paying your tuition with your student loan, contact the Office of the Registrar, AA211, Heritage Hall building. 

Additional Key Contacts

For more information on your Alberta or Canada student loan or if you are having difficulty making payments to your loan(s), please get in touch with the corresponding service centre immediately to find your options for help.

National Student Loan Service Centre (NSLSC)

1.888.815.4514
NSLSC Toolbox

Alberta Student Aid

1.855.606.2096
Alberta Student Aid Repayment Guide



For students with out-of-province loans, please refer to your province's student aid website for more information.

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