If you are a PEI student, you could get $4400 to $8800 in bursaries, depending on your program of study. No application is required. To receive this money, simply enroll as a first-time student at UPEI, Holland College, Maritime Christian College or College de l’Ile.
As a province in Canada, students living in PEI are also eligible for federal funding, including the Canada Student Grant for Students with Permanent Disabilities and the Services and Equipment Grant for Students with Permanent Disabilities.
Severe Permanent Disability Benefit
If you have a severe permanent disability that prevents you from participating in post-secondary studies and the labour force for the rest of your life, you may be able to have your student loans cancelled through the Severe Permanent Disability Benefit.
The Canada Student Financial Assistance Regulations defines a “severe permanent disability” as a functional limitation caused by a physical or mental impairment that:
- Prevents the borrower from performing the daily activities necessary to participate in studies at a post-secondary school level and in the labour force; and
- Is expected to remain with the person for their expected life.
To be eligible to apply for the PEI Severe Permanent Disability Benefit, you must be already approved for the Federal Severe Permanent Disability Benefit (which cancels your federal student loan).
How to Apply
- Contact the National Student Loans Service Centre at 1-888-815-4514 to apply for the Federal Severe Permanent Disability Benefit
- Once you are approved for the Federal Severe Permanent Disability Benefit, then contact the PEI Student Loan office to apply for the provincial benefit. You will be required to complete an application and provide supporting documentation that you have been approved for the Federal Severe Permanent Disability Benefit.
If approved for this program, although your PEI Student Loan will be cancelled, you will not be eligible to receive any new student loans or grants.
More information about student funding through the Prince Edward Island provincial government can be found here.