Text Size
  • Home
    • Calculating Amounts

Calculating Amounts

How Financial Need is Calculated

Costs – Available Resources = Assessed Need

Your eligibility to receive assistance will be determined by assessing your financial need. This is done by adding the costs of your education and living expenses, and then subtracting any money that may be available to you. This determines your assessed financial need—the amount of funding for which you may be eligible.

It is important to keep in mind there are maximum levels of financial assistance available and the full amount of assessed need may not be met. In such situations, (defined as unmet need) students should be aware they may need to secure other forms of financial support to cover the full costs associated with their intended program of study.

Last Updated:
This page and all contents are copyright, Government of Newfoundland and Labrador, all rights reserved.