StudentAid BC helps eligible students with the cost of their post-secondary education through loans, grants, bursaries, scholarships and special programs. It also has programs for borrowers who need help repaying their loans. There are three types of student loans available to new or returning students. Click on the link to open the website: www.studentaidbc.ca or contact an Academic & Financial Planner for full details.
Full-Time Canada/BC Integrated Loan: This loan is subsidized by the federal and provincial governments. You must be enrolled in at least 60% (40% for students with permanent disabilities) of a full-time course load. Interest will be paid by the federal and provincial governments while you are attending school full-time. Repayment, with interest, will begin six months after your studies end.
APPLICATION DEADLINES:
The latest you can apply for full-time student loans is six weeks before your study program ends as long as you have provided all the required documentation. 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 study and your study period has begun.
Part-Time Canada Student Loan: If you are studying part-time at NVIT, you may be eligible for the federal part-time student loan program. Need assessment for part-time students is different than for full-time students. It pays for tuition and fees, books, supplies, transportation and unsubsidized child care costs incurred to attend classes. It does not cover living costs.
The latest you can apply for part-time student loans is six weeks before your study program ends as long as you are accepted and enrolled into your study program before applying.
If you are a student attending NVIT, but have resided in another province twelve months prior to starting classes, you must fill in a student loan package from your home province. Here are some links to other Canadian Financial Aid Programs throughout Canada.
Alberta Nunavut (NWT provides services for Nunavut) Manitoba Ontario New Brunswick Prince Edward Island Newfoundland Quebec Northwest Territories Saskatchewan Nova Scotia Yukon Territory
A student grant is a form of federal or provincial financial aid that does not need to be repaid. They're typically given to people who demonstrate financial need. Eligibility is automatically assessed when students complete an online student loan application with StudentAid BC. Some of the grants currently available are listed below.