Loan Amount Limits

There are loan amount limits based on your year and level of study, as well as accumulated maximums which must be adhered to (loan maximums are set by the US Department of Education).

The maximum PLUS loan amount you can borrow is the cost of attendance (determined by the university – Awards & Financial Aid Office), less any other financial aid (including loans) awarded during the period of enrolment.

For cost of attendance, the Awards & Financial Aid Office uses guidelines from the Canada Student loans program for determining living costs.  These living allowances are standard allowances for a moderate standard of living established by the federal government and vary based on your living situation and province/territory. When additional education-related expenses beyond your standard cost of attendance are incurred, you may request a cost of attendance adjustment for the period of enrolment.  For more information, contact the Awards & Financial Aid Office.