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

How exactly to apply

1. Apply online through StudentAid BC (SABC) to be looked at for both federal and loans being provincial funds.
2. Look at the Course Load help Guide to ensure you’re using credits that are enough qualify for that loan.
3. Finish your student that is online loan at minimum 8 weeks before classes begin to get your financing at the beginning of the definition of.
4. Submit the Master scholar Financial Assistance Agreement (MSFAA) in prompt way if you’re trying to get a education loan when it comes to very first time. A belated distribution can postpone your loan.

BC residency requirement

Pupils are categorized either as Dependent or Independent to find out residency and need that is financial.

Pupils are believed become determined by a sponsor that is financial such as their parent(s), unless they meet one or more associated with requirements for separate status as defined below.

Independent

Pupils are believed independent when they meet a minumum of one regarding the following criteria: ?

• Are hitched in the very very first day’s classes, or are divided, divorced, widowed, a moms and dad or perhaps a parent that is single.
• Are away from additional college for four years (48 months) at the time of the very first day’s classes.
• Have invested two durations of 12 consecutive months each into the full-time labor pool (no less than 32 hours each week) whilst not simultaneously being truly a full-time pupil getting capital through the Canada figuratively speaking Program.
• Do not have parents (e.g. The student’s moms and dads have died).
• Have already been announced a ward associated with the court.
• Have actually cohabited with an individual, in a relationship that is marriage-like for a time period of at the very least 12 consecutive months as of the very first day’s classes.

Optimum financing restrictions

The actual quantity of capital you obtain is dependent upon the monetary information you distribute in your internet application.

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

Optimum loan capital

Give money

Some pupils whom make an application for student education loans will likely to be qualified to receive grant funding, which need not be paid back. Your eligibility is learn the facts here now dependant on your application.

Education loan interest

Interest starts to accrue regarding the portion that is federal of education loan your day after your interest-free period ends. Re Payments are not necessary unless you’ve been out of school for half a year.

You will be in interest-free status for your new study term if you return to school with a full-time student loan at a designated post-secondary institution before this grace period ends, the interest that had been building since your last study end-date will be waived and.

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’ if you withdraw or have an unsuccessful term, it may affect your eligibility for further assistance whether you have new loans or not, so.

Automated tuition deferral

Qualified graduate and students that are undergraduate have charges deferred for just one thirty days following the tuition charge due date in September or January. Deferrals do not affect enrollment deposits.

Eligibility

You might be entitled to automated tuition deferral if you:

Make an application for full-time student education loans by July 15; and

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

Check your deferral regarding the SSC

You can examine that your particular deferment is prepared by viewing the monetary summary display screen in the scholar Service Centre (SSC).

Call us

Enrolment Solutions Advisors

How exactly to speak to your advisor

Find your consultant’s contact information regarding the scholar Service Centre (SSC) under Personal Info UBC associates