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Quebec Student Loans (Aide financière aux études): Application and Repayment Guide (2026)

Updated

Quebec Student Aid Overview

Component Details
Program name Aide financière aux études (AFE)
Administrator Ministère de l’Enseignement supérieur
Federal loans Quebec students do NOT receive Canada Student Loans
Types of aid Loans (prêts) + Bursaries (bourses)
Application Online at quebec.ca/aide-financiere-aux-etudes

Aid Amounts (2025-2026)

Maximum Monthly Assistance

Category Maximum
Single, no dependants ~$1,200-1,500/month
With dependants Higher amounts
Living at home Lower amounts

Annual Limits

Aid Type Maximum
Loans Up to $12,000+/year (varies by situation)
Bursaries Additional, varies by need
Total aid Covers tuition + living expenses

Loans vs Bursaries

Feature Loans (Prêts) Bursaries (Bourses)
Repayment Required Not required
Priority Provided first After loan maximum
Interest Prime rate (after grace period) N/A
Eligibility All qualifying students Higher financial need

How Aid is Allocated

  1. Maximum loan amount calculated first
  2. If expenses exceed loan maximum, bursary provided
  3. Students with lowest family income receive highest bursary proportion

Eligibility Requirements

Requirement Details
Residency Quebec resident
Citizenship Canadian citizen, PR, or eligible status
School Quebec recognized institution
Program Qualifying program (CEGEP, university)
Course load Full-time or part-time
Academic standing Satisfactory progress

How to Apply

Step Action
1 Create account on Aide financière aux études portal
2 Complete online application
3 Submit required documents
4 Receive calculation of aid
5 Sign loan agreement
6 Funds deposited (often directly to institution)

Key Dates

Term Application Deadline
Fall June 15 (to receive first payment on time)
Winter November 15
Summer April 15

Apply early — processing can take 4-6 weeks.

Interest Rates and Repayment

Interest

Period Interest Rate
During studies 0%
Grace period (6 months after) 0%
After grace period Prime rate (~7% in 2024)

Repayment Terms

Feature Details
Start 6 months after leaving full-time studies
Term Typically 10 years
Minimum payment Based on loan amount
Prepayment Allowed without penalty

Repayment Assistance

Remboursement différé (Deferred Repayment)

Feature Details
Eligibility Financial hardship
Effect Payments reduced or suspended
Interest Government may cover interest
Duration Renewable periods

Programme de remise de dette (Loan Reduction)

After 10 years of repayment, remaining debt may be forgiven if you’ve:

  • Met payment obligations
  • Enrolled in Repayment Assistance throughout

Quebec-Specific Programs

Bursary for Students with Disabilities

Feature Amount
Basic bursary $1,200+/year
Service animals Additional funding
Adaptive equipment One-time grants

Single Parent Supplement

Situation Additional Aid
Single parent Higher monthly amounts
Childcare costs Additional allowance

Scholarship for Excellence (Bourse d’excellence)

Award Amount
CEGEP (pre-university) $1,500-3,000
University undergraduate $1,500-3,000
Master’s and doctoral Higher amounts

CEGEP Students

Feature Details
Tuition $0 for Quebec residents
Aid available Living expenses, books, transport
Mandatory fees ~$200-400/semester (covered by aid)

Quebec Education Savings Incentive (QESI)

Feature Details
Matching rate 10-20% of RESP contributions
Annual max $250 ($500 with catch-up)
Lifetime max $3,600 per child
Higher rate 20% for families with lower income

Comparison: Quebec vs Rest of Canada

Feature Quebec Rest of Canada
Tuition ~$3,000/year (lowest) $6,000-8,000/year
Federal loans No (own system) Yes (NSLSC)
Interest-free during studies Yes Yes
Interest rate after Prime 0% federal (as of 2024)
Grace period 6 months 6 months