How to apply for a loan


Applying for a student loan is different for full-time and part-time students.

If you have any questions about applying for a student loan, please contact us.

How to apply as a full-time student

Instructions

Below are the steps in applying for B.C. and Canada student loans if you are a full-time student.

  1. 1 Choose the post-secondary school you want to attend, and determine the study period (registration period) for which you need funding.
  2. 2 Check to make sure your school is designated for StudentAid BC funding.
  3. 3 Figure out how much money you need to attend school:
  4. 4 Complete and submit the online StudentAid BC application form by registering for a StudentAid BC dashboard account. You can also check your application status from your dashboard. StudentAid BC will process your application within six weeks and notify you of the outcome on your dashboard account.

Application deadlines

The latest you can apply for full-time student loans is 6 weeks before your study program ends as long you have provided all the required documentation.

The earliest you can apply for full-time student loans is when applications for the upcoming program year are made available to the public, usually in early June .

You do not have to be accepted into your study program before applying for student assistance, but you will not receive any money until your school confirms you are enrolled in full-time studies and your study period has begun.


What happens after I submit an application?

After you submit your application for funding, it is assessed. StudentAid BC assesses your financial need considering allowable costs and resources and determines whether or not you will receive funding.

You will receive a notification of assessment that tells you how much funding you will get. If you applied for assistance for full-time studies you can also check the status of your application online .

The receive your funding section describes the steps you need to take to use your funding to pay for school.

If you do not receive funding, you can appeal your assessment.

How to apply as a part-time student

Instructions

Below are the steps in applying for B.C. and Canada student loans as a part-time student.

  1. 1 Enrol in the designated post-secondary school in Canada you want to attend
  2. 2 Fill in a part-time studies application available from the StudentAid BC website for the federal financial assistance programs.
  3. 3 Take your application to the financial aid office at your school. Your school will fill out the study information section and forward the application to StudentAid BC.

2016/17 Part-time Studies Application

PDF - 582 KB

For classes starting between
Aug 1st, 2016 and July 31, 2017

2015/16 Part-time Studies Application

PDF - 171.83 KB

For classes starting between
Aug 1st, 2015 and July 31, 2016

B.C. residency requirement

To receive part-time student financial assistance, you must be a resident of B.C. Your province or territory of residence of a part-time student is where you have last lived for at least 12 months in a row, not including time as a full-time post-secondary student.

Students who are incarcerated or have an outstanding warrant for arrest are not eligible for funding.

Family income

To be eligible for federal part-time grants and loans, Your total family income for the 2017 / 2018 program year must be below the amounts shown on the following tables:

Family size Low Income
(for Grant for Part-time Students and Grant for Part-time Students with Dependants)
Middle Income
(for Part-time Loan and for Grant for Students with Permanent Disabilities)
1 (single student) $24,586 $42,665
2 (married or single with 1 dependant) $30,609 $59,773
3 $37,631 $77,601
4 $45,687 $90,274
5 $51,818 $100,102
6 $58,442 $108,135
7 or more $65,068 $114,928

Application deadlines

The latest you can apply for part-time student loans is 6 weeks before your study period ends.

The earliest you can apply for part-time student loans is when applications for the upcoming program year are made available to the public, usually in June. You must be accepted and enrolled into your study program before applying for part-time assistance.

The part-time loan program does not have a limit on the maximum number of weeks for assistance. Funding can continue over an extended period. However, your outstanding principal and interest for all part-time Canada student loans cannot exceed $10,000 at any given time.

What happens after I submit an application?

After you submit your application for funding, it is assessed. StudentAid BC assesses your financial need considering allowable costs and resources and determines whether or not you will receive funding.

You will receive a notification of assessment that tells you how much funding you will get.

The receive your funding section describes the steps you need to take to use your funding to pay for school.

If you do not receive funding, you can appeal your assessment .