Funding for British Columbia Residents

 Contact Financial Aid & Awards if:

  • You are currently receiving student loans, grants or sponsorships and you want to make any course changes
  • You are currently receiving student loans and you do not have a prerequisite (this may put you at risk of de-registration at a time when it may be too late to register for something else, impacting your funding)
  • You are using a course taken at another university or college to satisfy a prerequisite at VIU and you are receiving student loan funding

Student Part Time and Full Time Funding for BC Residents – Who Qualifies?

Full Time and Part Time StudentAid BC Loans/Grants

  • Full-time status - enrolled in minimum 9 credits per semester
  • Full-time disability status - enrolled in minimum 6 credits per semester
  • Part-time status - enrolled up to a maximum of 8 credits per semester (some programs may differ, check VIU website or contact Financial Aid & Awards Office to confirm)
  • Must be BC resident for a minimum of 12 months or more
  • Your program must qualify for StudentAid BC funding
  • Applications take 8 weeks to process. Therefore, apply early
  • Students are responsible to pay all tuition and other fees by specified deadlines
  • Student loans require your SIN on your VIU Student Record to confirm enrollment. Check with the VIU Registration Center to confirm it is on your VIU Student Record
  • If you have an approved student loan, your funds are typically not released until 5 to 15 days after your 1st day of class

Need more clarification on the student loan process?  Get a Student Loan Orientation

Recommended Student Loan and Grant Application Deadlines

Fall semester starts: Early July

Spring semester starts: Early November

Summer semester starts: Early March

Canada Apprentice Loan Service Centre (CALSC)

  • The Government of Canada is committed to supporting registered apprentices throughout their training
  • The Canada Apprentice Loan helps get money you need to achieve your goals

Adult Upgrading Grant (AUG) – Who Qualifies?

AUG is a provincially-sponsored assistance program designed to provide grant funding to cover direct educational costs for students enrolled in recognized Adult Basic Education or English-as-a-Second Language programs. Anyone not receiving financial assistance for educational costs from other sources may apply for funding. For additional information, see  Financial Aid - AUG Handout 

Eligibility Requirements:

  • Students must be enrolled and attending classes in either ABE, WEST or ESL programs
  • University level credit courses are not eligible for AUG funding

Application Process:

Recommended Adult Upgrading Grant Application Deadlines

Fall Semester start: Mid-August

Spring semester start: Mid-December

Summer semester start: Mid-April

Study Grants for Students with Permanent Disabilities – Who Qualifies?

BC Access Grants for Labour Market Priorities

BC Access Grants for Labour Market Priorities provide grant funding to encourage eligible students to attend targeted high priority programs at eligible B.C. public post-secondary institutions. You will be automatically assessed for these grants when you apply for a student loan.

Tool and/or Relocation component grant

Students in eligible programs may receive a $500 grant to purchase tools and/or students who move at least 100 km or more can apply to receive a grant of up to $4,000 (depending on distance moved) to assist with the cost of relocating to attend an in-demand program.

Loan and/or Unmet need component grant

Students receiving a B.C. student loan may receive a grant to replace a portion of the loan and/or students whose StudentAid BC application shows an unmet financial need may receive a grant up to $6,500 which will be disbursed on or after the mid point of their program.

BC Completion Grant Program

  • BC Completion Grant Program provides full-time students who successfully complete each year of their studies an annual remission to the BC portion of their student loans.
  • Issued upon successful completion of studies following each funded study period and available to students enrolled in their first, second, third or fourth year of borrowing. (fifth year for students with dependents)
  • Students must be enrolled in programs of no less than two years in length (two year diploma or four year degree programs)

Note: Policies and procedures for StudentAid BC may change from year to year. Please contact the Financial Aid & Awards office for current information.

British Columbia Training and Education Savings Grant

  • Families in British Columbia are encouraged to start planning and saving early for their children’s post-secondary education or training programs
  • To help, the Government of BC will contribute $1,200 to eligible children through the BC Training and Education Savings Grant (BCTESG)

Industry Training Authority (ITA)

Visit itabc.ca to learn how to determine the right trade for you, find an Advisor in your region, take a challenge certification in your trade or discover trades in training in the K-12 system. 

Single Parent Employment Initiative

  • If you are a single parent receiving income or disability assistance, you may be eligible for training and support to secure a long-term job, for more information visit BC Single Parent Employment Initiative

Work BC Opportunities and Apprenticeships

  • Visit WorkBC to find new employment opportunities, explore career options, improve work skills and obtain job-hunting tips. 

Student Loan Repayment Tips and Information

Student Loan Repayment Assistance Plans (RAP)

Repayment is the process of returning the money you have borrowed, which includes the principal amount of the loan plus interest and begins when you graduate or leave school for more than six months or are no longer a full-time student. 

After you leave school, you will have a six-month grace period before repayment begins. For more information on the repayment of your student loans and options on repayment assistance:

Student Loan Repayment Information

Manage your loans with your NSLC account

Visit Government of Canada Student Financial Assistance for more information.

Student Loan Repayment Webinars

For students who have received government student loans during their academic life, the following information is available to help you understand ‘what happens next’.

The National Student Loan Service Centre (NSLSC) provides Repayment Webinars to help students understand their options for repaying their student loan. The webinar is on demand and can be accessed anytime using the website link provided:

NSLSC Repayment Webinar

Maintaining Interest-free Status

  • Full-time students who previously received government-funded loans, but who did not negotiate one for their current study period, should complete the "Interest Free Status" application, available online at StudentAid BC
  • This application replaces the Schedule II forms (for Canada student loans) and the Certificate II forms (for BC student loans)

Canada Student Loans Program Interest Relief Plan –
British Columbia Interest Relief Program

  • The Government of Canada and/or the Province of BC will pay the interest on Canada Student Loans and/or BC loans on behalf of debtors who are experiencing financial hardship due to temporary inability to find employment or temporary disability, for a period up to 30 months
  • Application forms for interest relief are available from the Student Services Branch of the Ministry of Advanced Education, Skills & Training at StudentAid BC

BC Debt Reduction Program

  • The BC Debt Reduction Program was introduced in August 2000 and recognizes borrowers’ inability to make the required monthly payments on their outstanding BC Student Loans, due to limited monthly income
  • Borrowers who have exhausted their interest relief eligibility under the BC Interest Relief Program, and who have also been out of post-secondary studies for at least five years, may qualify for debt reduction
  • Debt reduction will reduce the BC Student Loan principal balance to a more affordable repayment level
  • Students who previously received some debt reduction through the Loan Remission Program will also be eligible for consideration under the new Debt Reduction Program
  • Eligibility for BC Debt Reduction is linked to an individual’s eligibility for debt reduction under the Federal Debt Reduction Program
  • Students/borrowers who receive federal debt reduction may automatically receive assistance under the BC Debt Reduction Program
  • Unlike the Federal Debt Reduction Program, a maximum debt reduction limit has not been set under the BC Debt Reduction Program
  • For full details on the BC Debt Reduction Program, please contact StudentAid BC at the Ministry of Advanced Education, Skills & Training at 1-800-561-1818, or visit StudentAid BC

MENU
CLOSE X