PEI Grants

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Save money on heating bills by insulating the attic.
Save money on heating bills by insulating the attic. (Image: attic window image by green308 from Fotolia.com)

Financial assistance is available in the form of grants, partial rebate and reimbursement programs from various government departments in Prince Edward Island. Postsecondary students can find programs to offset the cost of living throughout academic study, and homeowners can receive assistance for completing home improvements.

Grant for Students With Dependants

The Canadian government provides financial assistance to postsecondary students with dependents who are enrolled in the Canada Student Loan Program. The grant is awarded in an amount of $200 per dependent for each month of academic study. Applicants must be enrolled in a postsecondary program with a minimum length of 12 weeks to be eligible, and dependents must be under the age of 12 at the time of application. To qualify, applicants must meet the low-income criterion, which is equivalent to an annual income of no more than $35,855 for a family of four in Prince Edward Island.

Government of Canada Building 294 Church St. Summerside, PEI Canada 800-622-6232 canlearn.ca

Prince Edward Island Debt Reduction Grant

The Prince Edward Island Debt Reduction Grant provides financial assistance in the amount of up to $2,000 for each year a student spends in postsecondary study, plus a grant of up to $2,000 for 1 additional year. The grant is used toward reducing the debt accumulated through the Prince Edward Island Student Loan program. If a student completes a 4-ear undergraduate program, she would be eligible for a grant of up to $10,000 to be applied toward outstanding student loans. This grant is only awarded for school years in which the student obtained more than $6,000 in provincial and federal student loans. Students must apply for this grant within 1 year of graduation from a postsecondary institution.

Department of Innovation and Advanced Learning Shaw Building, 5th Floor, 105 Rochford St. P.O. Box 2000 Charlottetown, PE C1A 7N8 Canada 902-368-4240 gov.pe.ca

Prince Edward Island Energy Efficiency Grant Program

The Prince Edward Island Energy Efficiency Grant program provides financial assistance for homeowners completing energy upgrades to their homes. The assistance is provided as a rebate program through which homeowners receive a rebate of 15 percent of the cost of the upgrades. The program will provide a rebate up to a maximum of $1,500. Applicants must complete an energy audit for their home to determine necessary home improvements. Upon completion of the energy upgrades an auditor will assess the work and help the homeowner submit an application for rebate. Improvements that qualify for rebates include air conditioning units, furnaces, water heaters, wall and attic insulation, thermostats and windows.

Island Information Service P.O. Box 2000 Charlottetown, PE C1A 7N8 Canada 902-368-4000 gov.pe.ca

Prince Edward Island Home Energy Low-Income Program

The Prince Edward Island Home Energy Low-Income program (HELP) provides financial assistance for additional energy savings upgrades. The provincial government reimburses qualifying homeowners when they complete caulking and weatherstripping upgrades to windows and doors throughout the home. Reimbursements are also provided for the purchase of programmable thermostats and low-flow shower heads. The provincial government also reimburses homeowners 100 percent of the cost of completing a home energy audit.

Island Information Service P.O. Box 2000 Charlottetown, PE C1A 7N8 Canada 902-368-4000 gov.pe.ca

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