Find information on student loans and other forms of funding.
Alberta students attending AUArts may be eligible for financial aid through provincial or federal student loan programs.
- Check out this informative video on student loans and grants
- Check out this video on Alberta Student Applications
Government loans have several unique features because they are designed specifically for students:
- Loans are interest-free as long as you remain a full-time student and keep your provincial student loans issuer apprised of this.
- As well, you may qualify for provincial and/or federal grants!
- Students who are not Alberta residents may be eligible for financial aid (provincial or federal student loan programs) through their home province.
- When applying for Alberta Student Aid ensure the student loan application forms are the newest forms (available on-line, usually in early June, for the upcoming academic year). Review the following links for information.
Please call Alberta Student Aid Service Centre toll free anywhere in North America for more information at 1-855-606-2096. Students who are not Alberta residents can apply for student loans through thier province or territory. US students are encouraged to apply for Sallie Mae Undergraduate Student Loans.
Students are encouranged to apply for thier student loans early to ensure the student aid funding is approved and confirmed so that you are able to pay your tuition and fees by the payment deadline. Note fee payment deadlines for each Term in the Academic Schedule. AUArts does not have a plan.
Alberta student loan information
Academic progress for student loans
Students are eligible for funding for the specified number of years in the program of study plus one year. Example: AUArts Undergraduate Students are eligible for student loans for a maximum of five years. If the program length plus one year limit is not used in completing one program, it may not be carried forward to a subsequent program. Student applying for student loans are expected to progress in their programs and complete program requirements at a predictable rate.
Students with a documented permanent disability are exempt from the program length plus one year limit, but are still subject to the lifetime loan limits.
Information for completing your student loan application
First Year Studies:
Program: Bachelor of Fine Arts AND Specialization: First Year Studies AND that you are in the 1st Year of a 4 year program.
Direct Entry Students/BFA Students:
Program: Bachelor of Fine Arts and Specialization: What Program You Are Accepted Into AND what year are in, example: 2nd Year of a 4-year program.
If the information you complete on your student loan application is not the same as what the Admissions/Registrar’s Office has listed regarding your Program/Specialization/Year, your student loan will not be processed/confirmed by AUArts - and, you will have to cancel your student loan (by phone with AB Student Loans) and re-apply online.
Minimum course load
Students must be registered in a minimum of 9 credit course load per semester (Fall and Winter) to be eligible to have their student loan confirmed. The Student Loan Office will be notified regarding students who drop below nine credits during the school year.
The minimum course load for students with a documented permanent disability per semester (Fall and Winter) is six credits.
Period of Study: Start Date and End Date
The period of study dates will automatically pop up. Tuition fees, mandatory fees, books + supplies will pop up “shaded” automatically and type that amount in as required.
Academic progress for student loans
Students are eligible for funding for the specified number of years in the program of study plus one year. Example: AUArts Undergraduate Students are eligible for student loans for a maximum of five years. If the program length plus-one-year limit is not used in completing one program, it may not be carried forward to a subsequent program. Students applying for loans are expected to progress in their programs and complete program requirements at a predictable rate.
Master Student Financial Assistance Agreements (MSFAA)
Before students can receive any student loan and/or grant funding (first time), they must complete their loan agreements(s). Loan agreements are called “Master Student Financial Assistance Agreements” (MSFAAs).
There are separate loan agreements for Alberta student loans and Canada student loans.
- Students who are approved for Alberta loans and grants will only receive an Alberta MSFAA.
- Students who are approved for Canada student loans and grants will only need to complete the Canada MSFAA.
- Students approved for both Alberta and Canada loans and grants will have to sign both loans agreements.
MSFAA Alberta Loan Agreement
First-time students need to print and complete their Alberta loan agreement before funding will be disbursed to the student. For more information on completing the Alberta MSFAA: Completing Your Alberta Student Loan Agreement
MSFAA Canada Loan Agreement
The Canada Student Loan Program (CSLP) is an electronic MSFAA process which requires students to submit their Canada loan agreement electronically through the National Student Loan Service Centre (NSLSC) website. Students will need their name, social insurance number, and Canada MSFAA number (provided in their Student Aid Inbox and in an email from the NSLSC). For a screen-by-screen walk-through of the electronic MFSAA process on the NSLSC website: Electronic MSFAA: Customer Experience
For more information on MSFAAs: Loan Agreements
Parent/Guardian Access to Application Information
Students may want a parent(s)/guardian to assist with aspects of their scholarships and awards application and information. In accordance with the Freedom of Information and Protection of Privacy Act (Alberta), Alberta Student Aid requires written consent to share Personal Information with a parent(s)/guardian.
High school awards counselors should inform students that a Consent to Disclose Personal Information form must be completed and submitted to Alberta Student Aid in order to disclose their personal information to a designated individual.
The Consent to Disclose Personal Information form is available at:
Also, under Information for completing your student loan application, kindly remove the information in red below and replace it with the following (after the red) information.
If the information you complete on your student loan application is not the same as what the Admissions/Registrar’s Office has listed regarding your Program/Specialization/Year, your student loan will not be processed/confirmed by AUArts and, you will have to cancel your student loan (with AB Student Loans) and re-apply online. Note: it can take up to many weeks to be reassessed by Student Aid. Please ensure that you refer to your Student Profile on Webservice for this information (Program/Specialization/Year) prior to applying for your student loan.
If you don’t qualify for a government student loan, many banks offer personal student loans or student lines of credit. Unlike government student loans, these loans are based on general credit granting criteria.
Contact your bank for more information.
Grant programs for students with disabilities
Students with documented disabilities, such as a learning disability, may be eligible to receive supplemental grant funding. These grants, available through the Student Loan/supplemental application (e.g. a Schedule 4 in Alberta, which can be found here.), are linked to the Student Loan application. In some instances, grants may replace a portion of student loans, decreasing the amount of debt a student will carry from year to year.
In some instances, and based on the supplemental application, grants can be issued to provide funds for supportive learning services, such as tutoring, academic strategy, note taking, supportive software and other goods and services.
For details on grant programs, please email the Learning Assistance Office or call us at 403.338.5513
As a borrower, you are responsible for repaying your student loan; principal and interest, Your lender will notify you of the terms, payments and conditions of your student loan within six months after you stop being a full-time student. Please notify your lenders if any of your contact information changes.
You have a six month grace period before you are required to start making payments after you cease being a full-time student.
- Alberta student loans - Student Aid Alberta will not charge interest on your loans for the first six months before you begin repaying. This means you will have six months of interest-free Alberta student loans with no payments required
- Canada student loans - Interest on your Canada student loan starts accumulating just after you stop studying full-time. You'll start making payments six months later.
The Repayment Assistance Plan, available for both Alberta and Canada student loans makes sure your monthly payment is in sync with your income and family size.
AUArts Financial Aid + Student Awards Office: