Student Loans

StudentAid BC helps eligible students with the cost of their post-secondary education through loans, grants and special programs.

Basic eligibility requirements

To receive student financial assistance, you must meet all of these basic eligibility criteria:

  • be a Canadian citizen, a permanent resident or have protected person status
  • have a valid Canadian social insurance number
  • be a resident of British Columbia
  • be pursuing full-time studies as your primary occupation
  • be enrolled in an eligible program of study at an eligible post-secondary institution
  • be able to demonstrate financial need
  • make academic progress and achieve satisfactory scholastic standing in each period of post-secondary study

Application deadlines

  • 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.

2020/2021 weekly maximums

  • If you have dependant children, you can receive up to $510 $650* per week in combined loan and grant funding.
  • If you do not have dependant children, you can receive up to $320 $460* per week of full-time study.
    The total amount you receive is determined by the length of your study period.
    *Note: The above amounts have been temporarily increased for 2020/21 in response to the COVID-19 pandemic