13 Jul Your monetary need
StudentAid BC financing differs relating to your finances, status, period of research system, quantity of dependants as well as other facets.
The money you will get from StudentAid BC relies on your monetary need, which can be determined applying this formula:
Academic costs- pupil Resources= Financial need
We subtract your total resources from your own total academic expenses to determine your examined economic need.
Your evaluated need will be weighed against the most funding that is weekly permitted for the research period. The lower of those two quantities is really what you may be entitled to get.
Pupil residing Allowances
The month-to-month pupil residing allowances for every single group of pupil are meant to protect charges for shelter, meals, regional transport, and miscellaneous costs. They have been standard allowances for a moderate total well being founded by the government that is federal. The allowances differ according to a pupil's residing situation together with province or territory where they'll certainly be learning.
The 2019/20 allowances for pupils surviving in B.C. Are below. Allowances for any other living circumstances are available in the SABC Policy handbook.
|2019/20 Allowances that is living for surviving in B.C.||Monthly||Weekly|
|Single pupil far from home||$1,639||$381|
|solitary pupil living in the home||$690||$160|
|Single parent (add child allowance x quantity of dependants)||$2,011||$468|
|Married student/spouse (add child allowance x amount of dependants)||$3,076||$715|
Note: These allowances are accustomed to determine your economic need and may even never be the month-to-month quantities you can expect to get. The total amount of pupil assistance that is financial for you is decided by the evaluated need, whether you've got dependants, the size of your study duration in addition to maximum quantities set because of the Canada scholar Loan Program and also by StudentAid BC.