Your monetary need

Your monetary need

StudentAid BC financing varies in accordance with your financial predicament, status, period of research system, amount of dependants as well as other facets.

The money you will get from StudentAid BC hinges on your economic need, which can be determined utilizing this formula:

Educational costs- pupil Resources= Financial need

We subtract your total resources from your own total academic expenses to determine your assessed monetary need.

Your evaluated need will be weighed against the utmost funding that is weekly permitted for the research duration. The lower among these two quantities is really what you will be entitled to get.

Student residing Allowances

The month-to-month pupil residing allowances for every group of pupil are designed to cover charges for shelter, meals, neighborhood transport, and miscellaneous costs. These are typically standard allowances for a moderate quality lifestyle founded because of the government. The allowances differ according to a pupil’s residing situation and also the province or territory where they’ll be learning.

The 2019/20 allowances for pupils surviving in B.C. Are below. Allowances for any other living situations are available in the SABC Policy handbook.

2019/20 Allowances that is living for surviving in B.C. Monthly Weekly
solitary pupil far from home $1,639 $381
solitary pupil living in the home $690 $160
Single parent (add child allowance x amount of dependants) $2,011 $468
Married student/spouse (add child allowance x wide range of dependants) $3,076 $715
Child allowance $713 $166

Note: These allowances are accustomed to calculate your monetary need and might never be the month-to-month quantities you’ll get. The total amount of pupil economic support available for your requirements is set by the examined need, whether you’ve got dependants, the size of your research duration plus the maximum quantities set by the Canada scholar Loan Program and also by StudentAid BC. Read more