If you’re a BC resident in complete- or graduate that is part-time undergraduate studies

If you’re a BC resident in complete- or graduate that is part-time undergraduate studies

At UBC, government student loan assistance might be around for you.

How exactly to use

  1. Apply on line through StudentAid BC (SABC) to be looked at for both federal and loans that are provincial funds.
  2. Look at the Course Load help Guide to make certain you’re using enough credits to qualify for that loan.
  3. Complete your student that is online loan at minimum 8 weeks before classes start to get your money at the start of the word.
  4. Submit the Master scholar Financial Assistance Agreement (MSFAA) in prompt way if you should be applying for an educatonal loan for the first-time. A belated submission can wait your loan.

BC residency requirement

Pupils are classified either as Dependent or Independent to ascertain residency and economic need.

Pupils are believed become influenced by a monetary sponsor, such as for example their parent(s), unless they meet at least one regarding the requirements for separate status as defined below.

Independent

Pupils are believed separate when they meet a minumum of one of the criteria that are following

  • Are hitched from the very first day’s classes, or are separated, divorced, widowed, a moms and dad or even a single parent.
  • Have now been away from additional college for four years (48 months) at the time of the day that is first of.
  • Have invested two periods of 12 consecutive months each within the full-time work force (no less than 32 hours each week) whilst not simultaneously being fully a full-time pupil getting financing through the Canada figuratively speaking Program.
  • Do not have moms and dads (e.g. The student’s moms and dads have passed away).
  • Have already been declared a ward of this court.
  • Have online payday UT cohabited with an individual, in a marriage-like relationship, for a time period of at the very least 12 consecutive months at the time of the initial day of classes.

Maximum financing limitations

The quantity of capital you obtain relies on the financial information you distribute in your web application.

You shall get an assessment from StudentAid BC (SABC) which will outline the capital quantity you will be entitled to get as soon as you are going to get it.

Optimum loan capital

Grant financing

Some pupils whom make an application for student education loans would be qualified to receive grant funding, which need not be paid back. Your eligibility is dependent on the job.

Education loan interest

Interest starts to accrue from the portion that is federal of student loan the afternoon after your interest-free period ends. Re Payments are not necessary before you’ve been away from college for half a year.

If you return to school by having a full-time education loan at a designated post-secondary organization before this grace duration ends, the attention that were building since your final research end-date should be waived and will also be in interest-free status for the new research term.

You will need to apply for interest-free status through your loan provider in order for your previous loans to be in interest-free status if you return full-time to school at a designated post-secondary institution, but do not plan on applying for full time loans.

Being in interest-free status means you’re in a ‘funded term’ whether you have got new loans or otherwise not, if you withdraw or have actually an unsuccessful term, it would likely affect your eligibility for further help.

Automated tuition deferral

Eligible graduate and undergraduate pupils will have charges deferred for starters month following the tuition charge deadline in September or January. Deferrals don’t connect with enrollment deposits.

Eligibility

You might be qualified to receive automated tuition deferral if you:

Submit an application for regular figuratively speaking by July 15; and

Meet the criteria for funding to pay for your tuition and charges

Always check your deferral on the SSC

You can examine that the deferment is prepared by viewing the financial summary display in the Student Service Centre (SSC).

E mail us

Enrolment Solutions Advisors

How exactly to contact your advisor

Find your advisor’s contact information from the scholar Service Centre (SSC) under Personal Info UBC connections