Money Talks

We understand being a student can be one of the most financially confusing times in your life, and with the added uncertainty due to the impact of the COVID-19 pandemic, students are facing unexpected financial challenges. We want to provide clarity around COVID-19 specific questions, as well as important updates regarding financial support provided by the University of Alberta and government student financial assistance that may help you navigate these times. View our FAQ page for answers to questions about general financial concerns, government student loan funding, and international student supports.

University of Alberta Programs

Supplementary Bursary Program

For students registered in spring and/or summer classes that have immediate financial concerns related to living expenses.

Emergency Loan Program

For students with an emergency expense who are able to repay a loan at a later date.

Graduate Students' Association Emergency Bursary Program

For graduate students with an emergency expense with no way to pay for the expense. This program does not support financial shortfalls related to the current school year's academic and basic living costs.

Government Programs

Canada Emergency Response Benefit Program

If you have stopped working because of COVID-19, the Canada Emergency Response Benefit (CERB) may provide you with temporary income support.

Canada Emergency Student Benefit Program

The Canada Emergency Student Benefit (CESB) provides financial support to post-secondary students and recent post-secondary and high school graduates who are unable to find work due to COVID-19.

This benefit is for students who do not qualify for the CERB or Employment Insurance.

Canada Student Service Grant

The Canada Student Service Grant (CSSG) supports post-secondary students and recent graduates who volunteer to serve in their communities’ COVID-19 response with a one-time payment of between $1,000 and $5,000 based on the number of hours they serve. To find not-for-profit organizations looking for help during the pandemic, post-secondary students and recent graduates can use the I Want to Help platform.

Student Loans

For students registered in spring and/or summer term classes. Payments on federal and provincial student loans have been suspended, without accruing interest, for six months.

Employment Insurance

To find out if you are eligible to receive Employment Insurance (EI) regular benefits, you must submit an application online. It will take about 60 minutes to complete the online application.

Need further advising?

If you have any further questions or require any assistance with the applications, please contact Student Connect.

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Money Talks eNews

Sign up for our financial literacy e-newsletter and get tips and tricks deposited into your inbox every month!

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Decision Making & Spending

Life is about balance, and knowing when it's appropriate to treat yourself and when it would be better to save is important.

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Budgeting & Planning

How many times have you tried to set yourself a budget but failed to stick to it? Having a clear plan for your future is key to creating a budget that will set you up for financial success.

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Managing Credit & Debt

Managing credit is an important part of your financial future, but it comes with responsibility.

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Life after Graduation

Congratulations - you graduated! Before your student loans come knocking, it is important to plan ahead for your new financial future.