Tuition & Financial Aid
When you sign up for our program, you will have access to Financial Advisors and Admission Advisors who are there to support your education all year-round.
Choosing to further your education is a thrilling yet daunting choice when it comes to forging your future. However, at our institution we know that cost should not be the reason why someone has trouble achieving their professional aspirations – no matter what students’ financial situation may look like! We offer countless accessible and affordable programs so everyone can reach for the stars and pursue their dream career.
When you sign up for our program, you will have access to Financial Advisors and Admission Advisors who are there to support your education all year-round. Their services include:
- Developing a financial plan that is adapted to your lifestyle and fits within your budget.
- Keep you informed of financial aid options that are available to you such as student loans, scholarships and grants.
- Guiding you through your financial aid application process.
Our goal is to ensure that you have all the support you need to be successful here at AEC.
The Alberta Educational Centre is a place where will always be supported in your educational journey so you can fearlessly pursue your dream?
Alberta Student Loans Or Grants
All students attending the AEC diploma and certificate programs are eligible for Alberta Student Aid funding, however, the amount of financial assistance that will be granted is dependent on your application. Factors that are taken into consideration by the government when determining financial assistance vary based on personal circumstances, the program you are enrolled in, and other unique factors. Any questions you have can be addressed by our experienced and highly trained Financial Advisors or by clicking the Partner Image below.
Interest-free Financing
In order to make education accessible to all, the AEC acknowledges that student loans and lines of credit might not be an option for some students, be it for financial, cultural or religious reasons. To accommodate these needs, the AEC does offer an Interest-Free Financing program that allows students to pay their tuition over time and interest free.
Students choosing this method of payment will pay their tuition in 4 equal payments over several months. The first payment is due at the time of the student’s enrollment and the rest will be interest- free monthly payments. The amount must be paid by the student at the beginning of every month, until the full balance has been paid.
An outstanding balance at the time of graduation will prevent students from receiving their diploma and certificate(s).
If you have any question about our Interest-Free Financing option, please speak to a Financial Advisor to discuss your options.
Progress
-Education and Living Costs
-Student Aid Eligibility
-Types of Funding
-How to Apply for Student Aid
-Getting Your Money
Student Loans Repayment Departments.
Alberta Student Loan myloan.studentaid.alberta.ca
Make Payments You can easily make loan payments during the grace period by: Online or telephone banking Add Alberta Student Loan as the payee, and use your Alberta Student Loan Number as the account number. TD Canada Trust customers must add PA-Alberta Student Loans Province of Alberta as the payee. Personal cheque, money order, or cashier’s cheque Make it payable to Government of Alberta, and be sure to include your Alberta Student Loan Number on the front of your payment method. If you are live outside Canada and do not have a valid Canadian bank account, you can only make payments by international money orders. Credit card payments and payments from a bank line of credit are not accepted. Ensure your payment is received by the Alberta Student Aid Service Centre. Alberta Student Loans | Interest Rate and Grace Period Changes – Effective July 1, 2023 Floating and fixed interest rates on Alberta student loans is reduced to the prime rate. Alberta student loan interest-free grace period is extended from six months to 12-months to give students more time before having to make student loan payments (includes students who completed their studies on or after December 1, 2022).
Canada Student Loan https://www.csnpe-nslsc.canada.ca/en/home
Canada Student Loans | Permanent Elimination of Interest The Government of Canada permanently eliminated the accumulation of interest on all Canada student loans including loans currently in repayment as of April 1, 2023. Students are still responsible to pay any interest that may have accrued on their Canada loans before April 1, 2023.
Full-time grants
Grants can also help cover your educational costs. Grants don’t have to be repaid unless your eligibility changes.
Who can get full-time grants?
Grants are for students with special circumstances including, but not limited to, students from lower income families and *students with disabilities.
*You must be a person with a permanent disability, or persistent or prolonged disability as defined by the Canada Student Financial Assistance Program and provide acceptable documentation.
You’re automatically considered for grants based on the information you provide on your application. There are limits to the amount of Alberta student grant funding available.
List of full-time grants
Below is a list of all the grants full-time students are automatically considered for. There is a limit on Alberta grant funding available each year. If you do not receive grant funding, you may still be eligible to receive the maximum annual and lifetime loan amount available for each year you are in school.
If you qualify for a grant, Student Aid tells you in your award letter.
To estimate how much money you’ll get, use the Student Financial Assistance Estimator.
Losing grant money if your situation changes
There are circumstances where you have to pay back some or all of your grant money. This is called grant overpayment.
This happens when your living or education situation changes and you are no longer eligible for the grant. In this case, Student Aid converts the money into a loan.
The most common reason students have grant overpayments is because they drop classes and are no longer eligible for full-time grants.
- If you withdraw from classes within 30 days of your start date all your grant money will be converted to a loan
- If you withdraw from classes more than 30 days after your start date
Student Aid will determine how much of your grant money will be converted to a loan.
Grant overpayments can also happen if:
- you contact Student Aid to report a change in your personal information that reduces your financial eligibility.
- you complete your application incorrectly.
Any questions?
Give our team of admissions advisors a call and we will answer all your questions and concerns
