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British Columbia residents who want to get a postsecondary education can use Bc student loans for financial help. The programs have been designed by the government of British Columbia in collaboration with the government of Canada. Both provincial and federal funds are now within reach with a simple application form. However, each government will have to receive the repayment individually. There are some eligibility criteria that you have to meet in order to have access to this kind of funds.

Permanent residents or Canadian citizens only can apply. BC student loans are also open to people that have the status of protected person.

Enrollment with an eligible school is a primary condition.

Bring evidence of financial need.

Satisfactory academic results.

If you have received some other kind of student loan in the past, it must be in good standing too.

The lifetime maximum limit for funding cannot be exceed.

You are not eligible if your social insurance number begins with 0, 3 or 8.

You can apply for BC student loans online or send a paper application form from a local BCAid Bureau. The funds can only be accessed if you complete all the application stages, which is why it is important not to skip any.

BC student loans are also available for part-time students but the application process is a bit different. Read more on this kind of financial assistance on the StudentAid BC website. Different applications are necessary if you manage to qualify for some scholarships, grants, awards or bursaries. Once your file is processed, StudentAid BC notifies you about the approval or rejection of your application.

Approved BC student loans require a further step for document processing. You will get lots of papers to read and sign together with the Mater British Columbia Student Loan Agreement. This is an official document that is sent the first time you get a federal student loan, and it remains valid for all the subsequent loans.Make sure you understand and agree with all terms.

Bc student loan services are usually contracted on the basis of the loan agreement only after the confirmation of your identity. The enrollment with a postsecondary educational institution should also be confirmed. Then, your bank account gets credited. Remember that you need a guarantor if you are under 19 years of age.

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