Bc welfare loans application

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

NOTES:

All information submitted as part of your application, including information provided by your parents or spouse/common-law partner in appendices, is subject to verification.

Have you and/or your parent(s)/step parent/sponsor/legal guardian or spouse/common-law partner (if applicable) filed your Canadian income taxes? Income information from the Canada Revenue Agency is used to calculate your financial need when applying for StudentAid BC funding. Your previous year’s Canadian income tax information will be used in the assessment of your financial need. If you and/or your parent(s)/step parent/sponsor/legal guardian or spouse/common-law partner (if applicable) haven’t filed your previous year’s income taxes, processing of your StudentAid BC application may be delayed while your income is verified.

You can only apply to one province for funding.

You may not be eligible if you are:

B.C. residency requirement

To receive student financial assistance, you must be a resident of B.C. according to the criteria described below. To determine residency, students are classified either as Dependent or Independent. This classification is also used to determine financial need.

If you are classified as Dependent, your residency is defined as the Canadian province in which your parent(s), step-parent(s), sponsor or legal guardian have lived most recently for 12 continuous months.

If your parents are separated or divorced, or if your parent is single, only one parent's financial information is used to calculate financial need. This is the parent who is your main financial supporter.

As an independent student you are a resident of B.C. if:

You can only apply to one province or territory for student financial assistance. Applying to more than one province will result in a restriction and verification of your application. Any funding you are eligible for will be delayed.

Your school eligibility

The first thing you will need to do is check your school designation under StudentAid BC. To receive funding, your school must be deemed eligible. In addition, there is special information if you are attending two schools, if you attend a private institution, or if you are going to school outside of B.C.

Here are some important things to consider before beginning your studies at a private post-secondary school in B.C.

Attending more than one post-secondary school at the same time is called "split enrolment." In some cases, you can receive StudentAid BC funding for courses taken at the second school.

Before registering at your second school, check with the financial aid office at your "home" school about student assistance options. The home school is the one that will issue your credential at graduation time.

You may be eligible for funding if courses at the second school are:

Your second school must be a designated school under StudentAid BC.

Split enrolments involving private vocational/trade schools are not permitted.

Here are some important things to consider before you enrol in a post-secondary school outside of British Columbia or Canada.

For program year 2024/25, B.C. authorized and regulated online programs offered by B.C. public and private post-secondary institutions are eligible for StudentAid BC funding if they meet basic StudentAid BC program requirements.

Institutions located outside of B.C. delivering online, blended and distance learning programs must meet all basic StudentAid BC program requirements. In addition, a program meets StudentAid BC eligibility criteria if any of the following are true:

Note: All programs must also meet all other required StudentAid BC program eligibility criteria.

My program is not already approved

If the program is not already approved for StudentAid BC funding, a message will be posted to your dashboard for you to inform your school that they need to download a Confirmation of StudentAid BC Distance Education Eligibility form. Your school will need to complete this form before your B.C. student loan application is processed.

This must be completed by the financial aid officer at your school and returned to StudentAid BC for you to be considered for SABC funding.

Your financial need

StudentAid BC funding varies according to your financial situation, status, length of study program, number of dependants and other factors.

The amount of money you receive from StudentAid BC depends on your financial need, which is calculated using this formula:

Educational costs
- Student Resources
= Financial need

We subtract your total resources from your total educational costs to calculate your assessed financial need.

Your assessed need is then compared with the maximum weekly funding limit allowed for your study period. The lesser of these two amounts is what you are eligible to receive.

Student Living Allowances

The monthly student living allowances for each category of student are intended to cover costs for shelter, food, local transportation, and miscellaneous expenses. They are standard allowances for a moderate standard of living established by the federal government. The allowances vary based on a student's living situation and the province or territory where they will be studying.

The 2024/25 allowances for students residing in B.C. are below. Allowances for other living situations can be found in the SABC Policy Manual.

2024/25 Living Allowances for Students residing in B.C. Monthly Weekly
Single student away from home $1,903 $443
Single student living at home $804 $187
Single parent (add child allowance x number of dependants) $2,334 $543
Married student/spouse (add child allowance x number of dependants) $3,572 $831
Child allowance $828 $193

Note: These allowances are used to calculate your financial need and may not be the monthly amounts you will receive. The amount of student financial assistance available to you is determined by your assessed need, whether you have dependants, the length of your study period and the maximum amounts set by the Canada Student Financial Assistance Program and by StudentAid BC.

Educational costs:

Student resources:

You are expected to contribute as much as possible to the cost of your own post-secondary education. The more you contribute from your own resources, the less you will have to borrow and repay.

What you are expected to contribute

The financial contribution expected from you will depend on the total family income declared on your previous year’s income tax submission to the Canada Revenue Agency, as well as other resources you may have that can be applied to your education costs.

You are expected to contribute to your education costs. A fixed contribution amount is calculated based on your prior year family income; other resources you have that are targeted toward your education costs, such as scholarships and other funding sources, are considered as well.

If you are classified as a dependent student, StudentAid BC may also expect a parental contribution from your parent(s), step-parent, sponsor or legal guardian based on the total family income declared on their previous year’s income tax submission to the Canada Revenue Agency.

If you are married or living common-law, a spouse/partner contribution may also be expected based on their total family income declared on their previous year’s income tax submission to the Canada Revenue Agency.

What your parents are expected to contribute

If you are an Independent student, no parental contribution is expected. However, if you are receiving money voluntarily given to you by your parents, declare this on your loan application.

If you are a Dependent student, a financial contribution may be expected from your parent(s), step-parent, sponsor or legal guardian based on the total family income declared on their previous year’s income tax submission to the Canada Revenue Agency. StudentAid BC will assess the amount based on family size, income and allowable deductions (such as income taxes payable, Canada Pension Plan contributions and employment insurance contributions).

Your parents' financial assets (term deposits, stocks, bonds, GICs, bank accounts and rental properties) will also be considered in the assessment.

Because the assessment process is complex, you are encouraged to contact us if you need more information about expected parental contributions.

If you are married or living common-law, your spouse or partner may be expected to make a financial contribution toward your education while you are attending post-secondary school.

If your spouse/partner is also attending school full-time, or is in receipt of employment insurance (EI), social assistance, or disability benefits, no contribution is expected.

Your spouse/partner may be expected to contribute to your education costs as well, and a fixed contribution amount will be calculated based on their prior year total income.

There are many sources of funding to finance your post-secondary education. They include:

Maximum funding limits

There are weekly and lifetime maximum funding limits that you should be aware of. Not all students receive the maximum amount.

2024/2025 weekly maximums

The total amount you receive is determined by the length of your study period.

The following table shows the maximum amount and number of weeks of StudentAid BC funding you can receive over your lifetime. Weeks on in-study payment-free status also count towards your maximum number of weeks.

Funding type $ limit Time limit
Canada student loan (non-doctoral) 340 weeks (80 months)
Canada student loan (doctoral) 400 weeks (94 months)
Canada student loan (persons with a permanent disability, or a persistent or prolonged disability; or received loans prior to August 1, 1995) 520 weeks (120 months)
B.C. student loan (non-doctoral) $50,000 340 weeks (80 months)
B.C. student loan (doctoral) $50,000 400 weeks (94 months)
B.C. student loan (persons with a permanent disability, or a persistent or prolonged disability) $50,000 520 weeks (120 months)
Canada and B.C. integrated student loan (non-doctoral) 340 weeks (80 months)
Canada and B.C. integrated student loan (doctoral) 400 weeks (94 months)
Canada and B.C. integrated student loan (persons with a permanent disability, or a persistent or prolonged disability, or received loans prior to August 1, 1995) 520 weeks (120 months)

Note: Different maximums may apply if you received StudentAid BC funding between August 1, 2000 and July 31, 2006. See the StudentAid BC Policy Manual for details.

Exceptions

You can request funding beyond the maximum lifetime limit for BC student loans if you are near the end of your program and require the funding to finish your studies, or if there were exceptional circumstances that led to your higher borrowing amount. Contact StudentAid BC or your financial aid office for more information on how to appeal, or see Appeal Request for B.C. Student Loan Lifetime Maximum. There is no appeal for more Canada Student Loan funding past the maximum number of weeks.

If you reach the maximum number of weeks of StudentAid BC funding and are still in full-time study, you continue to be eligible for in-study payment-free status and the six-month non-repayment period following your studies. Your school will need to confirm your enrolment with the National Student Loans Service Centre (NSLSC) to have your student loan repayment deferred until after you have completed your studies and the 6-month non-repayment period ends.