Canada Apprentice Loan
What is it?
The Canada Apprentice Loan is loan funding offered by the Government of Canada to apprentices registered in technical training. Applicants can request $500 - $4,000. The amount you request is final, so be sure to ask for enough!
Applicants must meet the following eligibility criteria:
- Must be a Canadian citizen, permanent resident, or protected person
- Must be registered in a designated Red Seal Trade apprenticeship program
Please note RDC's Locksmith and Water Well Driller programs are not designated Red Seal Trades; students in these programs are not eligible to receive the Canada Apprentice Loan
- Must be enrolled in a full-time technical training program
- Must pass a credit check (the credit check is automatically completed by applying for the Canada Apprentice Loan)
How do I apply?
Apply Online OR Complete a Paper Application
Applying Online: Visit www.pca-cal.ca to set up a Canada Apprentice Loan Online Services Account. Once you have an account, you will be able to apply for the loan online and monitor the status of your loan through your CALSC Online Services account. This is the fastest method of applying; applications take approximately 1-2 weeks to be processed.
Completing a Paper Application: First, print the application form. If you apply with a paper application, you must provide the required documentation when you submit your application (ex. a copy of government issued photo ID and SIN card). Bring your completed application to the Student Connect Centre or send your application directly to the Canada Apprentice Loan Service Centre.
When should I apply?
You can apply as early as 90 days prior to your technical training start date and as late as the last day of classes.
How many times can I get a Canada Apprentice Loan?
You can get a Canada Apprentice Loan for up to 5 periods of technical training.
How does repayment work?
Apprentices receive a 12 month grace period following their funded apprenticeship technical training. During this time, you are not required to make any payments on your loan and interest is not accruing. If you return to school within these 12 months, you will then receive another 12 month grace period following your technical training. This pattern will repeat itself until one of the following circumstances is met:
- You are no longer registered in a Red Seal Trade apprenticeship program
- You have reached your maximum of 6 years of interest-free status
- You do not attend training within 12 months of your previous technical training period
When one of these situations has occurred, you will enter your 6 month non-repayment period. During this time, you are not required to make payments on your loan but interest will accrue. After these 6 months, you will be required to start making monthly payments on your Canada Apprentice Loan. You can choose a variable (prime + 2.5%) or fixed interest rate (prime + 5%).
The Government of Canada has repayment assistance options available to Canada Apprentice Loan borrowers. Contact the Canada Apprentice Loan Service Centre (CALSC) to discuss your repayment options.
Can I apply for both the Canada Apprentice Loan and Alberta Student Aid Loans & Grants simultaneously?
Yes. You do not need to claim your Canada Apprentice Loan as a resource on your Alberta Student Aid application.
Where can I get more information?
Canada Apprentice Loan website
Canada Apprentice Loan Service Centre: 1-888-815-4514