Assistance Issued

The “Assistance Issued” section indicates the amounts of assistance issued or recovered by Aide financière aux études in a given award year. Information is available for the current award year and the previous two award years.

• Full-Time Studies

• Part-Time Studies

Full-Time Studies

The table Information regarding assistance issued for full-time studies indicates, for a given award year, the amounts of financial assistance issued to you in the form of a loan or a bursary, the loan amounts repaid to your financial institution following a loan-to-bursary conversion and the amounts recovered in the event of a bursary overpayment. It also displays the cumulative loan and bursary amounts issued (to date, at any given period of the award year) and, similarly, the cumulative amounts recovered. This information is available for the current award year and the previous two award years in chronological order.

How Financial Assistance is Issued

At the beginning of the school year, the financial assistance office of your educational institution will issue you a Guarantee Certificate and a Loan Agreement. You must submit these two documents to a financial institution participating in the Loans and Bursaries Program. Shortly afterwards, the first installment will be deposited electronically into your bank account.

During the school year, if you qualify for a loan and a bursary, your assistance will be deposited in your bank account each month. If you qualify for a loan only, your assistance will be deposited in your bank account at the beginning of each study period.

During the school year, all the financial assistance is issued in the form of a loan, even if you are entitled to a bursary. At the end of the school year, after verifying your income with Revenu Québec, the government will repay your financial institution the amount of the loan that was converted to a bursary. That process is called the loan-to-bursary conversion. Confirmation of that bank transaction will then be sent to you.

If you have a major functional disability, the assistance awarded will always be issued in the form of a bursary. Instead of a Guarantee Certificate, your educational institution will issue you a bursary cheque at the beginning of your first study period. Subsequently, your assistance will be issued in a series of cheques and sent to your address, or it will be deposited directly in your bank account if you have registered for that payment method.

Important: No installment will be issued for any month in which the amount of assistance is under $25. Instead, the amount is added to the installment for the preceding month or the following month, if applicable.

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Part-Time Studies

The table Information regarding assistance issued for part-time studies indicates, in chronological order, the loan installments issued in a given award year. It also indicates the cumulative loan amounts issued (to date, at any given period of the award year) for the current award year or either of the previous two award years.

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