Financial Aid

Financial Aid consists of loans and grants. The process of applying for financial aid can be confusing, but we have made it easy by providing you with a "one-stop shop" for information and applications. Click on any of the menu items on the left side of this screen to explore the financial resources that are available to you as a full-time, part-time, or apprenticeship student at NAIT.

NAIT Financial Aid News

FOR CURRENT STUDENTS

If you are a current Alberta Works SIP Grant Funded student and have already  met with a Case Manager and have an active Service Agreement and submitted an application for funding for the 2009/10 Fall and/ or Winter intake your eligibly or award will not be impacted by the depletion of the 2009/10 allocation.

Report to EI over Reading Week

To learn how to report to EI your status over the Reading Week click here.

FOR NEW STUDENTS

The Goal of Alberta Works is to help unemployed people find and keep jobs in their communities, help Albertans with low income cover their basic costs of living, and help employers meet their need for skilled workers.  Each year NAIT is given an allocation to assist Albertans that have a demonstrated need for training and financial assistance.

 Alberta Employment and Immigration (AE&I) offers Skills Investment programs under Alberta Works to provide employment and training services for adult residents of Alberta who are:

• unemployed
• financially disadvantaged, and
• in need of training to obtain and maintain sustainable employment.

Due to an increased demand by students accessing Alberta Works Funding while attending  training in the areas of Training for Work, Academic Upgrading and ESL there is no further full time funding available for these students for the 2009/10 academic year.  

Students should be encouraged to come to the Financial Aid Office to discuss other funding options while attending training.

Please be sure to check back in the Spring 2010 to obtain further information regarding Alberta Works (SIP) funding.
 

CAREER TRANSITION ASSISTANCE PROGRAM

If you meet the criteria for The Career Transition Assistance Program you will be notified in writing from Service Canada.
 
The Extended Employment Insurance and Training Incentive is an Employment Insurance Act (EI Act) pilot project that was announced as
part of the 2009 federal government budget. The purpose of the pilot project is to test whether extending Employment Insurance (EI) regular
benefits to long-tenured workers participating in longer term training, soon after lay-off, encourages the pursuit of training and improves
chances of returning to the workforce. Eligible EI recipients may be provided with up to 104 weeks of regular EI benefits, which can include up to 12
weeks of benefits following training completion to facilitate job search.
 
The Severance Investment in Training Initiative is a temporary initiative that was announced as part of the 2009 federal government budget. The
objective of this initiative is to support unemployed long-tenured workers who have received separation money
to finance their own training. Eligible Employment Insurance (EI) recipients will be provided with earlier access to EI regular benefits.
 
To be eligible you must commence training within 12 months from the time your EI Claim was established.
 
New Employment Insurance Initiatives
 
Students who are applying  for Financial Aid through the EEITI & SITI program must  first apply to a program at NAIT.  The application only needs to be submitted  and paid for (not processed) prior to meeting with a NAIT Case Manager.
 
Once a student has applied for a program you must submit documentation to the Financial Aid office including:

• Register a Person form
• Eligibility Checklist
• Copy of their NAIT Application and/or NAIT receipt for application
• Copy of their letter from EI stating they are eligible for the EEITI / SITI program

Once the documentation are received, you  will  be contacted to set up an appointment for the assessment /referral.  If you  are approved at the initial assessment information will be entered into Mobius.  A final assessment may be required depending on the program start date.
 
For more information, please visit the following Web site: http://www.hrsdc.gc.ca/eng/corporate/budget/2009/swu.shtml.

Apprenticeship Completion Grant

Introduced in Canada’s Economic Action Plan, the Apprenticeship Completion Grant (ACG) is a $2,000 taxable cash grant for apprentices who complete their apprenticeship training and obtain Red Seal endorsement or a provincial or territorial Certificate of Qualification in a designated Red Seal trade.

Apprentices will be able to apply for the Apprenticeship Completion Grant in July 2009 with eligibility made retroactive to January 1, 2009.

The ACG builds on the existing Apprenticeship Incentive Grant (AIG) and provides an additional incentive for Canadians to finish their training and launch rewarding careers in the skilled trades.

In the meantime, check to see if you qualify for the AIG that you can apply for today.

Visit our site in July 2009 for details on how to apply for the ACG.

Alberta Works Income Support

Alberta Works Income Support Applications for Full-Time Study 2009-2010 for Employment Insurance (EI) and Non-Employment Insurance learner are now available at the Financial Aid office. 

New Students - You must have been accepted or conditionally accepted into a Full-Time program or have a completed College Preparation Plan or English as Second Language (ESL) Assessment before you can be screened for eligibility. Please come to the Financial Aid Office (Room O111, South Lobby, 11762-106 Street, between 8 am – 4:30 pm), to complete an eligibility checklist and if you meet the selection criteria you will be scheduled an appointment with a Case Manager for your funding assessment. It could take 2-6 weeks to see a Case Manager and another 6-8 weeks to have your funding application processed, so please book your assessment early. Ensure that all your paperwork is completed when seeing a Case Manager to avoid processing delays. If you are currently employed do not change your employment situation before completing the assessment appointment.

Returning Students - In order to maintain your eligibility April Progress Report and any required supporting documentation must be received prior to your application being processed for the 2009/2010 academic year. Also, you must pass all courses which you are currently attending to maintain eligibility.

Be aware that it takes two months to process your funding application.  Do not leave your application to the last minute. Funding for returning students is not given preference over new students. Grant funding is on a first come, first serve basis.

Student Loan

The 2009-2010 on-line and paper student funding(loans, grants & bursary) applications for program that starts after August 1, 2009  will be available in June. To apply on-line please visit www.alis.alberta.ca after June 1st.

Students graduating in spring, please visit the Edulinx and CanLearn websites for repayment options and interest relief.

Interested in learning about scholarships, awards, and bursaries available through NAIT? Visit the student awards website.

If you are a full-time day student, NAIT will confirm your full-time enrollment online and remit tuition fees for the fall term from your student loan. You will need to take the confirmed pre-printed loan certificate to a designated postal outlet or on campus National Student Loan Service Centre representative to negotiate the loan.

If you wish to pay entire years tuition fees from your 1st disbursement of the loan and to avoid
paying additional administration fees, your may pay your winter tuition fees at the Cash office upon
cashing the student loan.