Five buttons provide access to the table regarding the assessment
of financial assistance
:
Summary:
to find out how much financial assistance is yet to be issued;
Factors:
to verify the factors Aide financière aux études took into account in the assessment of your application for financial assistance;
Tables:
to find out details of the assessment;
Messages:
to obtain information about the processing of your application for financial assistance.
Financial assistance statement
to know the outcome of the assessment of your financial assistance.
The award year and subject of the assessment displayed on-screen are indicated at the top of each page. An assessment is generally carried out following receipt of a form, such as an application for financial assistance or a declaration of change.
Summary
The “Summary” table shows the outcome of the most recent assessment, as well as the previous assessment, if applicable. It indicates the amount of assistance you have yet to receive. The previous assessment shows only the amounts of assistance awarded.
For the monthly breakdown of financial assistance installments to which you are entitled for the current award year, click on the double arrow beside “Details”.
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Financial Assistance Award
Procedures
A Guarantee Certificate will be issued to you and placed in the Notices section of your Online File. Print the certificate and bring it with you to a financial institution that is recognized by the Loans and Bursaries Program, in order to take out a loan. Shortly after the financial institution has received the certificate, the first payment will be deposited electronically into your bank account.
If you qualify for a loan and a bursary, the assistance to which you are entitled will be deposited into your bank account each month once your educational institution has confirmed your educational information. Please note that a bursary now takes the form of a repayment of a portion of the financial assistance awarded to you during the award year. This means that, after verifying your income with Revenu Québec at the end of the school year, the government will repay your financial institution the bursary portion of the financial assistance to which you are entitled.
If you qualify for a loan only, the financial assistance awarded for the school year will be distributed equally among the study periods. The installments will be deposited into your bank account at the beginning of each study period so as to make the beginning of the school year easier for you to manage.
Important: No installment is paid during any months for which the financial assistance assessed is under $25. If this is the case, the amount will be added to the installment for the preceding or the following month.
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Factors
The different tables show the factors that Aide financière aux études has taken into account in assessing the amount of financial assistance to be awarded, if applicable, each study period. These include educational information and your personal situation.
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Tables
The tables provide a detailed breakdown of the assessment carried out to determine the amount of your financial assistance award, if applicable, for each study period.
The different tables show your allowable expenses (living expenses, tuition fees, etc.) as well as your contribution and that of your parents, sponsor or spouse.
For the monthly breakdown of financial assistance installments, click on the double arrow beside “Details”.
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Messages
These are messages sent to you by Aide financière aux études advising you on decisions that have been made regarding your form (e.g. the assessment of your financial assistance award took into account income reported by your parents).
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Financial Assistance Statement
The Financial Assistance Statement is a document that shows you the outcome of the assessment of your financial assistance, as well as information regarding the previous assessment.
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