Emergency Student Loans
If you are in need of an emergency student loan, please make an appointment by MIO with Financial Aid Services.
Find resources and information about scholarships, bursaries and loans.
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If you are in need of an emergency student loan, please make an appointment by MIO with Financial Aid Services.
For assistance with government financial aid applications and questions, you can make an appointment to meet with our Financial Aid Officer. MIO Student Services for more information.
The Loans and Bursaries Program is intended for students who are pursuing or deemed to be pursuing secondary school vocational studies, college studies or university studies on a full-time basis in an educational institution recognized by the Ministère de l’Éducation, du Loisir et du Sport.
The objective of the Program is to ensure that individuals have the financial resources to pursue studies if they have the desire and the ability to do so.
Eligibility RequirementsIn accordance with the Program provisions, you will be informed of and receive the assistance to which you are entitled in time to begin your studies, provided that your application is filed early and that you submit the required documents.
Upon receipt of the required documents, Aide financière aux études carries out an initial assessment based on the information provided. Following that assessment, you will be informed of the amount of financial assistance to which you are entitled (loan portion and bursary portion), if any, and the breakdown of the installments.
During the school year, your financial assistance is deposited directly into your bank account each month or at the beginning of each study period, thus making it easier for you to plan your budget. The loans and bursaries term begins September 1 and runs until August 31 of the following year. You can fill out an application for financial assistance any time during the school year as loans and bursaries are retroactive so you will receive funding for the months which have already passed.
You may obtain an estimate by completing the assessment simulator available on-line. In the simulator, you must enter:
Based on the information you provide, you will receive an estimate of what you may be able to receive as a student loan and/or bursary.
(Remember, the Assessment Simulator only provides an estimation)
Assessment SimulatorIf you have a permanent disability or a serious health problem that prevents you from carrying out your daily activities and limits your ability to study full time, the following measures may apply:
Note: Certain documents may need to be sent by mail to AFE to complete your application even if you completed your application online. It is highly recommended that you submit your application at least 6 to 8 weeks prior to the first day of class.
After receiving an email from AFE confirming your acceptance for financial aid, a Guarantee Certificate will be added to your AFE online file under “Notices”. Please print this document.
You must bring it to one of the 5 participating financial institutions. This document is necessary to open your file and permit direct deposit of the funds awarded to you. The 5 financial institutions that accept Aide financière aux études Guarantee Certificates are:
If you are eligible for the Loans and Bursaries Program, you could also be eligible to receive an additional loan amount of $150 per period of study, for the year of allotment. This grant is to allow you to acquire extra school materials according to your specific program needs.
You must make your request for this grant for each year of allotment at the time which you make your financial assistance request to the Loans and Bursary Program.
If you are not certain if you will need an additional amount, you can wait and make an additional request at a later time by filling out the “Declaration of Change” form.
Please note that once you have made the request, it is not possible to cancel the payment issued for the year of allotment.