Prince Edward Island

Island Advantage – Needs-Based Bursary

Easy application

Tax filing not required

To find out if you qualify for the Island Advantage: Low and Middle Income Needs-based Bursary (Bursary). You must apply for a student loan.

Your income will be assessed as part of this process and you will be told if you are eligible for this award. The award(s) may be credited directly to your school account in the fall, early in the new calendar year, or both. In other words, the award may be split up into two payments.

If you are eligible, you may get up to $173 per week of study. For a normal 34-week program, this would be $5,885.

The size of the grant gradually goes down as your family income goes up. It also depends on your family size.

For more information contact:
Student Financial Services
176 Great George St., P.O. Box 2000
Charlottetown, PE  C1A 7N8
Telephone: (902) 368-4640
Email: studentloan@gov.pe.ca

To get the Island Advantage – Needs-Based Bursary, you must meet ALL of the following criteria:

  • You are a student who meets PEI residency requirements as stated in the provincial student loan criteria;
  • You are a Canadian citizen, or a permanent resident as defined by subsection 2(1) of the federal Immigration and Refugee Protection Act or a protected person within the meaning of subsection 95(2) with a valid Social Insurance Number;
  • You are enrolled in a full-time, post secondary education at either UPEI, Holland College, Maritime Christian College, or Collège de l'Île, leading to an undergraduate degree, certificate, or diploma:
  • Your total family income for the previous calendar year ( January 1- December 31) must be less than the income cut-off amount listed in the table on the Island Advantage – Needs-Based Bursary webpage. This amount depends on how big your family is.

Social Insurance Number

  • confirmation of SIN letter
  • plastic SIN card (non-expired)

To find out if you qualify for this bursary, you must apply for a student loan.

To apply for a student loan and to access the online tools, create an online account with Student Financial Services.

To create your account you will need the following:

  • your Social Insurance Number and
  • a password

Last updated: July 29, 2021