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Where is that Money for Your Education Going to Come From? Part Two

Money for school part 2

In part one we talked about the availability of potential funding for students. We are going to continue with this by outlining some of the basics about the various funding programs. It has to be remembered that there is specific criteria that must be met with each and every form of funding. It also must be taken into account that there are different funding opportunities for full time and part time students.

Ontario Access Grant

Again this is one of interest because it is a non repayable form of educational funding. It is geared toward low to moderate income families. It is applicable for first and second year students.  It will offer up to $3,000 per school year for first and second years of study.

There is a lot criteria and conditions that have to be met in order to be eligible for this grant.

Ontario Access Grant for Crown Wards (OAG-CW)

This particular student funding is only applicable for those students who are or were former crown wards, and it differs somewhat compared to the standard Ontario access grant.

Canada Student Grant for Students with Dependants

This grant provides students who have dependants with $200 per month for each dependent.  It order to be eligible you have to qualify for student financial assistance and apply for this.  It doesn’t matter how much you qualifying amount is as long as you qualify.  You have to be classed as a low income family.  You have to be attending a post secondary institution where you are taking a degree, diploma or certificate program. It has to be at least 12 weeks in duration. Your dependants must be under the age of 12 when you begin your study period or a dependent that is 12 years or older but has a permanent disability.

Canada Student Grant for Persons from Middle-Income Families

Here yet again is a another grant for individuals who meet the classification of being a middle income family. There are standards that determine this based on the number of people in the family. Again it has to be applied for through OSAP.  For those that qualify it could mean that you would receive $100. per each month of study.

Canada Student Grant for Persons from Low-Income Families

This grant is similar to that for middle income families but the amount that may be received is $150. per month.

Re-cap:

So far in this series for potential student funding we have talked about the …

1.  Canada-Ontario Integrated Student Loan

2.  30% Off Ontario Tuition

3.  Ontario Access Grant

4.  Ontario Access Grant for Crown Wards

5.  Canada Student Grant for Persons with Dependants

6.  Canada Student Grant for Persons from Middle-Income Families

7.  Canada Student Grant for Persons from Low-Income Families

Depending on your circumstances you may be able to qualify for at least 5 of these, but it doesn’t stop here. In part three we will continue with the student funding opportunities for full time Ontario students.

 

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