StudentAid BC Funding

    • Loans and Grants for BC Residents

      StudentAid BC assists eligible BC residents with the cost of their post-secondary education through loans and grants.  It is a needs-based program offered in partnership between the provincial and federal governments.  

      As a post-secondary student, you have the primary responsibility of paying for your education.  Most students meet their costs through employment income, savings, assets, support from family, scholarships, bursaries, and/or awards.  However, if this is not enough StudentAid BC may be able to supplement (not replace) your own financial resources to help you reach your educational goals. 

      A single application assesses your eligibility for both BC student loans and grants (provided by the provincial government) and Canada student loans and grants (provided by the federal government).

    • Full-Time Studies

      You are considered full-time for student loan purposes if you are enrolled in at least 60% of a full-time courseload (9 credits att the 100-level or higher) in an eligible program at Capilano University.  Your courseload cannot include any courses for which you have previously received credit (no repeat courses).  Students with a recognized permanent disability (who have been approved through StudentAid BC) may be enrolled in at least 40% of a full time courseload (6 credits).   

      How to Apply

      To apply, please visit StudentAid BC


      StudentAid BC links:

      1. Am I eligible?
      2. How do I apply?
      3. How do I receive my funds?
      4. I am on income assistance.  How does this affect me?
      5. What is an overaward?
      6. How do I repay my overaward?
      7. What if I want to appeal my assessment?
      8. What if my circumstances change?
      9. What if I am audited?
      10. What if I transfer schools?


      Part-Time Studies

      You are considered part-time for student loan purposes if you are enrolled in 3 to 8.5 credits at the 100-level or higher in an eligible program at Capilano University.  Your courseload cannot include any courses for which you have previously received credit (no repeat courses).  Students with a recognized permanent disability (who have been approved through StudentAid BC) who are enrolled in a minimum of 6 credits can be considered to be studying full-time; to discuss your options, please contact us.  

      If you are enrolled in more than 8.5 credits, see the Full-Time Studies section.  If you are enrolled in less than 3 credits, you are ineligible for government student loan funding.

      How to Apply

      To apply, download the Part-Time Studies application here.  Once complete, bring your signed application to Financial Aid and Awards for processing.


      Full-Time and Part-Time Studies in the Summer Term

      StudentAid BC has specific requirements for minimum courseloads and minimum length of study periods.  

      This table outlines the type of student loan application that can be completed depending on your intended courseload and study period in the summer term.   

      * all credits must be at the 100-level or higher

      Summer Term Courseload between 3 to 8.5 credits Courseload of 9 credits or greater 
      Session I onlyPart Time Studies ApplicationMeet with a Financial Aid Advisor to assess options
      Session II onlyPart Time Studies ApplicationMeet with a Financial Aid Advisor to assess options
      Session I + Session IIPart Time Studies ApplicationFull Time Studies Application
      Full TermPart Time Studies ApplicationFull Time Studies Application



    • Helpful information

      • Applications can take 6-8 weeks to be processed.  It is important to apply early!  We recommend that you submit your application 3-4 months before the start of term.  
      • You do not need to be admitted or registered in order to apply.  
      • Capilano University students must apply for student loans for each term they wish to be considered for student loan funding through StudentAid BC.
      • The final deadline to submit your application is 6 weeks before the end of the term.  
      • Approved loan and grant funding is not released until on or after the first day of classes, and fee payment deadlines are before the first day of classes.  If you need your student loan to make your payment, you can apply for a Fee Deferral once you receive your Notice of Assessment letter from StudentAid BC.
      • Please regularly check your student account in your Student Information Web Service (myCap), as you are responsible for paying your fees by the due date.  StudentAid BC and Financial Aid and Awards are not responsible for ensuring that your tuition is paid in full.  

      FAQs

    • StudentAid BC says they are waiting for my school to confirm my enrolment. When will you do that?


      Your enrolment will automatically be confirmed.  This will happen:

      • after your MSFAA has been received by the NSLSC; and,
      • approximately 3 days after the fee payment deadline for the term, provided that:
        • your legal name on your Capilano University record matches your legal name as it appears on your approved loan application; and,
        • you are enrolled in the program that matches the program that your loans are approved for, and,
        • your are registered in the minimum required eligible courseload, and
        • your registration dates match the dates that your loans are approved for.  

      Check your Capilano University email account regularly for correspondence from Financial Aid and Awards.  If there are errors processing the confirmation of enrolment request, we will communicate with you by email.

      Remember

      Approved loan and grant funding is not released until on or after the first day of classes, and fee payment deadlines are before the first day of classes.  If you need your student loan to make your payment, you can apply for a Fee Deferral after you receive your Notice of Assessment letter from StudentAid BC.  

      Is my program eligible?

      The list of Capilano University programs and their eligibility status for student loans and grants is coming soon!




      How will failing a course affect my student loan?

      StudentAid BC links:

      1. About failing a course

      How will withdrawing from a course affect my student loan?

      You must maintain enrolment in the minimum required courseload for the entire study period for which you have received funding.  

      StudentAid BC links:

      1. Withdrawing from a course
      2. Multiple withdrawals/unsuccessful terms/overawards/medical withdrawal appeal form

       

      Capilano University links:

      1. Application for Extenuating Withdrawal

      If you are granted an extenuating withdrawal by Capilano University, you may wish to include information about your extenuating withdrawal in your StudentAid BC appeal form.  

      How do I maintain interest-free status?

      Please note that if your program is ineligible for student loan funding, it is also ineligible for interest-free status.  Please review our list of programs and their eligibility status.  

      StudentAid BC links:

      1. What is interest-free status?
      2. How do I maintain interest-free status?
      3. Interest-free status application

       

      What happens if I'm repeating a course?

      Courses that are a repeat/duplicate of courses you have previously received credit for are not eligible to be counted towards the minimum required courseload for student loan funding and interest-free status.  

      StudentAid BC states that students repeating courses solely to improve their grades are not eligible for financial assistance (whether you paid for tuition costs on your own or were in receipt of student assistance).

      StudentAid BC may give consideration an appeal basis if you have passed a course but did not obtain the grade required to proceed to the next level of the program.  To request this consideration, 
      you need to complete a StudentAid BC appeal request (available in their Form Library under "Appeal Request Forms - Other") and submit it to StudentAid BC for decision.  Appeals can take 6-8 weeks to be reviewed by StudentAid BC.  

      How does split enrolment work if I'm attending two schools?

      If you are planning to enrol in courses at both Capilano University and at another post-secondary institution during the same term, you may be eligible to apply for StudentAid BC funding and/or maintain your full-time interest-free status if you meet all of the following criteria:

      • The other post-secondary institution is a designated school defined under StudentAid BC regulations
      • Your combined total credits at both institutions are equivalent to a minimum of 9 credits (6 credits for students with a permanent disability
      • The course(s) taken at the other institution is/are an essential element of your program of study

      Please download the Split Enrolment form and complete your portion. Submit form to the Financial Aid Office of the other institution to be completed and forwarded back to Capilano University

      Once you have completed the course(s) at the other institution, you submit an official transcript to Capilano University verifying final grades. This must be completed within 30 days of course completion. 

      How does repayment work?

      While you are enrolled in full-time studies, there are no payments required and the interest will be paid by the provincial and federal governments.  Repayment will begin six months after your studies end.

      StudentAid BC links:

      1. How does it work?
      2. What happens if I miss a payment?
      3. I can't afford my payments.  What do I do?

       

      Student Loan Repayment Webinars


      Register for a Student Loan Repayment Webinar here.

      The National Student Loans Service Centre (NSLSC) offers online webinars on the student loan repayment process.  The webinars assist students with understanding their obligations when repayment their student loans, and provide answers on:

      • How to save money
      • How to avoid repayment difficulties
      • How to maintain your student loan

      The webinars are 45-60 minutes in duration and can be viewed on a computer, tablet, or phone.  You can register for a Student Loan Repayment webinar by clicking on the link below and selecting a date that works best for you.  Once you register, you will receive an email confirmation with the webinar login information.