How much should be the minimum family income for a student to be eligible for an education loan in Canada?

There is no fixed minimum family income required to be eligible for a student education loan in Canada. Eligibility mainly depends on your assessed financial need, which is calculated by subtracting your available resources from your total educational costs (including tuition, living expenses, and related fees).

For the 2025-2026 academic year, typical income thresholds for full-time students with dependents are:

- Family of 2: up to $53,318/year
- Family of 3: up to $65,302/year
- Family of 4: up to $75,405/year

These figures help determine grant eligibility and loan amounts, and are subject to change each year.