Types of Funding

Types of Repayable Funding:

• Funding totals are assessed by an examination of what resources the student has available and what the total costs are for the school year.
• Essentially, the formula is: Allowable Expenses - Resources = Assistance Amount
• Funding for BC Student Loan are as follows:
• Canada Student Loan $210 max per week
• BC Student Loan $110 max per week
• Total is $320 max per week of study

Types of Non-repayable Funding:

• Passport to education: more information is available at BC Awards

The following types of non-repayable assistance (bursaries and grants) are assessed automatically through your student loan application:

Grant for Students with Permanent Disabilities
$2000/year

Grant for Students from Low Income Families
$250/month

Grant for Students from Middle Income Families
$100/month

Grant for Students with Dependents
$200/month per child

Transition Grant
$3000

Note 1: The assistance programs listed above reduce the amount of loan funding issued.

Note 2: The Canadian Millennium Scholarship Foundation (CMSF) and all of its associated grants has run out as of April 2009. The new federal Transition Grant have been put in place to deliver continued funding to previous Canada Millennium Scholarship Foundation General Bursary (CMB) recipients for the remainder of their post-secondary program.

The following types of non-repayable assistance (bursaries and grants) require a separate application form to be filled in order to be considered:

Federal Permanent Disability Benefit If you have a severe permanent disability, you may be eligible to have your loans cancelled. Contact the National Student Loan Service Centre for details.

Canada Student Grant for Services and Equipment for Persons with Permanent Disabilities Up to $8000/year, must fill out the following this form.