Helping students who have financial need.

If you require financial assistance, there are a number of resources available to help you reduce the overall cost of attending university, including bursaries, student loans, and government programs.

type description
Bursaries A bursary is financial aid intended to supplement, but not replace, your own financial resources. Bursaries don't have to be repaid.
Loans and
lines of credit
Available through government or financial institutions, student loans and lines of credit need to be repaid, usually with interest.

Mount Allison bursaries

Bursaries are awarded to students with financial need in order to help them access post-secondary education.

Bursaries (non-repayable) are based on demonstrated financial need and are intended to supplement, but not replace, your own resources and the resources of the your immediate family and/or calculated parental contribution as indicated by provincial and/or federal student loans.


March 1: deadline to apply for bursaries


Am I eligible for bursaries?

To be eligible, you must have demonstrated financial need and be eligible for government student loans.

Information requested on the bursary application:

  • parent(s)/guardian(s) income from previous tax year
  • list of financial resources to pay your first year of study
  • expand on your student statement ― answer why you need financial assistance; disclose any extenuating circumstances (death, loss of employment, illness, change in family dynamics, or other)

Recipients of an entrance bursary must be a recipient of a government student loan in the academic year enrolled. A copy of your student loan assessment will be required.

What is demonstrated financial need?

Cost of attendance minus expected family contributions and financial resources = demonstrated financial need.

How do I apply for bursaries?

Once you're offered admission to Mount Allison, you can apply for bursaries in one easy application!

Application: our bursary application is located in your Connect account — a secure student network you'll be able to access once you're admitted.

When you apply for bursaries, you will also considered for our entrance bursary and designated bursaries.

Deadline: to be considered for bursaries, your entrance bursary application must be submitted by March 1.

For applications received after March 1, entrance bursaries will be assessed on a case-by-case basis and are not guaranteed consideration.

Since you have to be admitted to Mount Allison before you can apply for bursaries, we recommend starting your admissions application as soon as possible!

How will I find out if I got a bursary?

Bursaries are pre-approved on the basis of demonstrated financial need. If you're pre-approved, you will find it listed in your financial aid letter sent by the University in April.

To be fully approved for a bursary, you must be approved for a student loan from your province and/or the Canada Student Loan Program, and send your student loan confirmation to financialaid@mta.ca

How will I receive my bursary?

Bursaries are pre-approved on the basis of demonstrated financial need.

To receive your bursary, you must be approved for a student loan from your province and/or the Canada Student Loan Program.

A copy of your student loan assessment/summary received from the province must be sent to financialaid@mta.ca.

Once we receive your student loan confirmation, your bursary will be applied to your Connect student account.

All students can re-apply for a bursary in their second, third, and fourth year.

For more information, visit receiving your financial aid.

Can I renew my bursary after my first year?

Students must apply for bursaries and student loans each year.

For more information, visit bursaries for current students.

 

About our bursaries

When you apply for Mount Allison bursaries, you will be considered for both our entrance bursary and designated bursaries.

Entrance bursaries

Ranging from $1,500-$3,000

All entering students who have demonstrated financial need and are eligible for government student loans can apply for an entrance bursary.

Major bursaries

Up to $20,000

Major bursaries offer some of our top valued financial aid. Eligibility for these bursaries vary from financial need, area of study, location, and more.

By submitting your entrance bursary application, you will automatically be considered for these major bursaries, should you meet the criteria.

Joyce Foundation Purdy Crawford Bursary — $20,000
Value
  • $20,000 ($5,000 per year)
Eligibility criteria
  • Students from New Brunswick
  • Demonstrated exceptional need
Number offered
  • 12
Renewable criteria
  • Maintain a 1.5 (sessional) GPA with a course load of 30 course credits between the fall and winter terms
  • Yearly verified proof of financial need by submitting a general bursary application
Deadline
  • To be considered for this bursary, your entrance bursary application must be submitted by March 1.
Samuel and Cora Vallis Bursary — $20,000
Value
  • $20,000 ($5,000 per year)
Eligibility criteria
  • International students, with preference to students from Bermuda
  • Demonstrated financial need
Number offered
  • 2
Renewable criteria
  • Maintain a 1.5 (sessional) GPA with a course load of 30 course credits between the fall and winter terms
  • Yearly verified proof of financial need by submitting a general bursary application
Deadline
  • To be considered for this bursary, your entrance bursary application must be submitted by March 1.
 Oscar Z LeBlanc Bursary— $16,000
Value
  • $16,000 ($4,000 per year)
Eligibility criteria
  • From New Brunswick
  • Solid academic standing
  • Demonstrated involvement in high school or community
  • Demonstrated high financial need
Number offered
  • 1
Renewable criteria
  • Maintain a 1.5 (sessional) GPA with a course load of 30 course credits between the fall and winter terms
  • Yearly verified proof of financial need by submitting a general bursary application
Deadline
  • To be considered for this bursary, your entrance bursary application must be submitted by March 1.
Harvey Gilmour Bursary — $2,000-$3,000
Value
  • $2,000-$3,000
Eligibility criteria
  • Incoming student who has demonstrated financial need
Number offered
  • 1
Renewable criteria
  • Non-renewable
Deadline
  • To be considered for this bursary, your entrance bursary application must be submitted by March 1.
Scoudouc Bursary — $300
Value
  • $300
Eligibility criteria
  • Part-time student (6 course credits or less per academic year)
  • From New Brunswick
  • Demonstrates exceptional financial need
Number offered
  • 1
Renewable criteria
  • Non-renewable
Deadline
  • To be considered for this bursary, your entrance bursary application must be submitted by March 1.

 


Student loans and government programs

Loans and grants for Canadian students

All federal, provincial, and territorial governments in Canada offer student loan and grant programs to help offset the costs of post-secondary education.

Am I eligible?

In order to qualify for a federal or provincial student loan and/or grant, you must:

  • be a Canadian citizen or permanent resident
  • be a resident of the province/territory to which you are applying for funding and have lived there for the past 12 consecutive months (excluding full-time attendance at a post-secondary institution)
  • demonstrate financial need
How do I apply?

Available programs can very by province and territory, therefore we strongly encourage you to visit your province of residence website to learn more about their program offerings.

Find out more about government student loans:

For New Brunswick students

The Government of New Brunswick offers a tuition relief program for residents of New Brunswick attending universities and colleges in New Brunswick.

A separate application is not necessary. You will be automatically assessed for eligibility in these programs when you apply for New Brunswick student financial assistance.

For more information, visit Renewed Tuition Bursary (GNB).

Loans for U.S. students

Students with U.S. citizenship or dual citizenship (Canadian and American) may be eligible for loans through the William D. Ford Federal Direct Loan Program.

Students apply for loans using the Free Application for Federal Student Aid (FAFSA). U.S. student loans are processed by our financial aid and awards counsellor.

Have questions? E-mail financialaid@mta.ca or call (506) 364-2258.

 


Financial institution loans
and lines of credit

For many students, loans are a useful way to help cover the costs of post-secondary studies.

In addition to government student loan programs private institutions such as banks, trust companies, and credit unions may offer student loan options.

It is important to fully review and understand the terms of your loan, including repayment terms, before borrowing.

What will I need to apply?

When approaching a financial institution for a student line of credit, you will be required to provide a variety of documentation. We suggest your prepare for these meetings or applications by readily having:

  • Confirmation of enrollment (request via Connect)
  • Estimate of educational costs
  • A list of financial resources at your disposal for the upcoming academic year. For example, RESP, savings, scholarships, bursaries, employment, or student loans and grants.
  • Proof of Canadian citizenship or landed immigrant
  • A co-signer: required for student lines of credit (co-signer is a person obligated to pay back the loan just as you, the borrower, are obligated to pay)

Our Financial Aid and Awards Counsellor is available to discuss your funding options at financialaid@mta.ca.