Island Advantage - Needs-Based Bursary

If you are a PEI resident attending either UPEI, Holland College, Maritime Christian College, or Collège de l'Île, you may be eligible for the Island Advantage: Low and Middle Income Needs-based Bursary (Bursary).

When combined with the George Coles Bursary, and/or the Canada Student Grant for Full-Time Students (CSG-FT), your cost of tuition may be fully covered.

How do I apply?

To find out if you qualify for this bursary, you must apply for a student loan. Your income will be assessed as part of this process and you will be advised if you are eligible for this award. The award(s) may be credited directly to your school account in the fall and/or early in the new calendar year, i.e. the award may be split up into two payments.

How do I determine if I am eligible?

To receive the 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 following table:
Your family size
Gross annual family income eligibility for maximum bursary
Gross annual family income eligibility for bursary cut-off
1 person
$ 31,243
$ 62,756
2 people
$ 44,184
$ 87,789
3 people
$ 54,114
$104,790
4 people
$ 62,485
$115,302
5 people
$ 69,861
$125,008
6 people
$ 76, 529
$134,221
7+ people
$ 82,660
$142,184

Note: This sliding scale is based on the same scale used to calculate the CSG-FT.

How much money is available from the Bursary?

If you are eligible, you may receive up to a maximum of $86.54 per week of study. For a traditional 34-week program, this would amount to $2,942 (52 weeks:$4,500).

The exact value of the bursary is determined by a single progressive threshold. The size of the grant gradually decreases as your family income increases, with the rate of reduction varying by family size.

At its maximum, the bursary can equal the CSG-FT, but is limited to an amount that when combined with the George Coles Bursary and the CSG-FT, does not exceed the fixed tuition cap. For 2019-20, the fixed tuition cap at UPEI and Maritime Christian College is $6,270. The fixed tuition cap at Holland College and  Collège de l'Île varies due to a wider range in tuition costs, as follows:

Tuition cost
Tuition cap
George Coles Bursary amount (varies based on tuition cost)
Up to $4,900
$4,900
$2,200
$4,901 to $7,000
$7,000
$2,650
$7,001 and over
$9,000
$3,200

Scenarios

To demonstrate the varying amount of the bursary, the following scenarios are presented:

Scenario
George Coles
CSG-FT
Bursary
Total Grants
Holland College bursary limited to fixed tuition cap (tuition = $ 4,500)
$2,200
$2,000
$700
$4,900
Holland College bursary limited to fixed tuition cap (tuition = $ 5,500)
$2,650
$2,300
$2,050
$7,000
Holland College bursary limited to fixed tuition cap (tuition = $7,500)
$3,200
$3,000
$2,800
$9,000
Holland College - Bursary limited to CSG-FT (tuition = $4,500)
$2,200
$1,000
$1,000
$4,200
Holland College - Bursary limited to fixed tuition cap (tuition = $4,500)*
$2,200
$        -
$2,700
$4,900
UPEI - Bursary limited to fixed tuition cap
$2,200
$2,942
$1,128
$6,270
UPEI - Bursary limited to fixed tuition cap
$2,200
$2,500
$1,570
$6,270
UPEI - Bursary limited to CSG-FT
$2,200
$2,000
$2,000
$6,200
UPEI - Bursary limited to CSG-FT
$2,200
$1,200
$1,200
$4,600
UPEI - Bursary limited to CSG-FT**
$       -
$2,942
$2,942
$5,884
* If you are enrolled in a program that is less than 60 weeks duration, you are not eligible for the CSG-FT. However, you are still eligible for the Bursary provided you meet the income requirements noted above.
** Unlike the George Coles Bursary, the Bursary is not limited to a certain number of years of eligibility, i.e. as long as you meet all of the eligibility requirements listed above, the Bursary is made available.

 

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

Published date: 
November 21, 2019
Education and Lifelong Learning

General Inquiries

Student Financial Services
176 Great George Street
2nd Floor, Atlantic Technology Centre
PO Box 2000
Charlottetown, PE C1A 7N8

Phone: 902-368-4640

studentloan@gov.pe.ca