For dependant students, parental income is one of the factors used to assess eligibility for student financial assistance. Parental
contribution is based on the discretionary income after taxes, less a moderate standard of living amount that reflects regional variations
and family size. The CanLearn website
offers a Parental Contribution Calculator that can assist parents or legal guardians of full-time dependant students in estimating the amount
of money that they should contribute to their children’s post-secondary education.