To be considered a dependent student for the 2024-2025 academic year, your parents' or guardians' income must be below a certain threshold, which varies by family size.
Dependent students in Canada may be eligible for student loans if their parents' or guardians' income is below $90,000 for a family of two or more, as per the 2024 requirements.
For the 2024 academic year, dependent students can expect their parents' income to impact their student loan eligibility, with lower-income families receiving more generous funding.
Research suggests that the 2024 dependent income requirements for Canada student loans will prioritize students from lower-income backgrounds, with a focus on increasing accessibility to post-secondary education.
As the 2024 student loan application period approaches, dependent students should be aware of the income requirements, which may affect their eligibility for funding and the amount they can receive.
Use our student loan calculator to determine your eligibility for funding as a dependent student in 2024, taking into account your parents' or guardians' income and other factors.
Watch our video to learn more about the 2024 dependent income requirements for Canada student loans and how they may impact your eligibility for funding.
The Canadian Centre for Policy Alternatives has released a policy brief outlining the 2024 student loan dependent income requirements and their potential impact on post-secondary education accessibility.