Student Loans are provided by the Federal and Provincial Governments; Banks (example Bank of Montreal and Royal Bank); and other Financial Institutions.
Loans do need to be paid back, usually on a monthly installment as determined by the provider; starting about six months after the completion of a student’s program.
Applying for a Government Student Loan:
* Apply for a Canada-BC integrated student financial assistance (on or after June 1) through StudentAidBC : www.aved.gov.bc.ca/studentaidbc/apply/welcome.htm
* If you are approved for funding, you’ll receive a Master Student Financial Assistance Agreement (MSFAA) www.aved.gov.bc.ca/studentaidbc/receiveyourloan/cashyourloan/mastersfaa.htm
* Sign and submit the MSFAA to a designated Canada Post outlet.
* You will receive and manage your funding through the National Student Loans Service Centre (NSLSC) For more information visit: www.StudentAidBC.ca or call: 604-660-2610 (have your Social Insurance number available)
Student Aid B.C. : www.StudentAidBC.ca
Can Learn Canada: www.CanLearn.ca
Financial Aid for Students with Permanent Disabilities: http://www.aved.gov.bc.ca/adultspecialed/directory.htm
StudentAidBC Trades Programs Grant – This program provides grant funding to encourage eligible students to attend targeted high priority programs at eligible B.C. public post-secondary institutions. There is no need to apply. You will automatically be assessed for this grant when you apply for a student loan. You may be eligible if you:
-Qualify for StudentAid BC funding for the 2015/2016 program year
-Attend full-time studies in foundation or pre-apprentice programs (listed below in link);
-Enrol at an eligible B.C. public post-secondary institution.
For details visit: