STUDENT LOANS

StudentAid BC helps eligible students with the cost of their post-secondary education through loans, grants, bursaries, scholarships and special programs. It also has programs for borrowers who need help repaying their loans. There are three types of student loans available to new or returning students. Click on the link to open the website: www.studentaidbc.ca or contact a Academic & Financial Planner for full details.

(Click on one of the following options)

           BC Students                                 Out of Province Students  

[For BC Students] 

Full-Time Canada-BC Integrated Loan:

• This loan is subsidized by the federal government and provincial governments.
• Maximum assistance is $320/wk of study or $510 per week of study if you have dependent children.
• You must be enrolled in at least 60% (40% for students with permanent disabilities) of a full-time course load. 
• Interest will be paid by the federal and provincial government while you are attending school full-time. 
• Repayment, with interest, will begin six months after your studies end.

Application deadlines:
The latest you can apply for full-time student loans is six weeks before your study program ends as long you have provided all the required documentation. You do not have to be accepted into your study program before applying for student assistance, but you will not receive any money until your school confirms you are enrolled in full-time study and your study period has begun.

Part-Time Canada Student Loan: 

If you are studying part-time at NVIT and your family income falls below a set limit, you may be eligible for the federal part-time student loan program.

• Need assessment for part-time students is different than for full-time students. 
• The Part-Time Canada Student Loan pays for tuition and fees, books, supplies, transportation and unsubsidized child care costs incurred to attend classes.
• The Part-Time Canada Student Loan does not cover living costs. 
• Your family income must be below the amounts shown on the following chart.
  

Application deadlines:
The latest you can apply for Part-Time Canada Student Loans is six weeks before your study period ends. You must be accepted and enrolled into your study program before applying for part-time assistance.

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[For Out of Province Students]

If you are a student attending NVIT, but have resided in another province twelve months prior to starting classes, you must fill in a student loan package from your home province. Here are some links to other Canadian Financial Aid Programs throughout Canada.

Click on the province where you live:

Alberta
Nunavut (The NWT provides services for Nunavut)
Manitoba
Ontario
New Brunswick
Prince Edward Island
Newfoundland
Quebec
Northwest Territories
Saskatchewan 
Nova Scotia
Yukon Territory

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