To continue to be eligible for student financial aid, the Canada Student Financial Assistance Act, Canada Student Financial Assistance Program policy and StudentAid BC policy require you to maintain a satisfactory scholastic standing.

You will not be eligible to receive more student financial aid, or continue on in-study payment-free status if:

• You withdraw from a full-time course load on two separate occasions while in a funded term.
• You fail to achieve satisfactory marks in 68 weeks or more of full-time study while in a funded term.
• You withdraw from a part-time course load or fail to achieve satisfactory marks in some or all of your funded courses.

If you withdraw from, or otherwise do not successfully complete, part-time studies, federal policy requires:

• A part-time student borrower who fails to meet a satisfactory scholastic standard during a funded period of studies will be restricted from receiving funding during subsequent periods of part-time studies.
• Students who have not successfully completed courses funded through part-time student financial aid may be reinstated to receive part-time funding provided they demonstrate successful completion of one semester funded through their own resources.

If you withdraw from full-time studies:

• Your school will automatically notify us that you no longer meet requirements for assistance.
• Your funding will be re-calculated based on the number of weeks you attended school.
• You will be notified how your withdrawal decision affects your student loan or grant.
• Any tuition refund you are eligible for will be applied to your outstanding loan balance if your school received tuition from your student loans.

Requalifying for full-time student aid depends on several conditions, including successfully completing full-time studies for two semesters or one academic year without StudentAid BC assistance.