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Student loans offered by the Canadian government help students pay for their post-secondary education. Canadian students (including permanent residents, landed immigrants, and protected persons) apply for loans through their home province or territory.
Government student loans take into consideration many factors, including:
- Income and assets.
- Tuition, mandatory fees, and book costs.
- Living expenses.
University Information for Loan Applications
- School code: APRY
- Program code for MACP: WAG5
- Program code for MCP: XCZ5
- Program ode for MCP/MACP-SY: WAG6
- Program code for MAIOP/MIOP: ZID5
- Program code for MOAP: XJW5
- Program code for MPPA: WFJ5
- Program code for PSYD: XCZ6
Course Load Information
Students must be enrolled in a minimum of six credits of coursework in order to be eligible to apply for a full-time student loan. A six-credit course load would be equivalent to 60% of a full-time load. Students in thesis, project, capstone, practicum, practicum continued, internship, internship continued, dissertation, and dissertation continued also meet the minimum for full-time status. To stay eligible for loan or grant funding students must attend school full time for the entire period for which they have received funding.
Enrollment in thesis continuation, capstone continued, or project/capstone continuation is equivalent to part-time studies.
Students from British Columbia
StudentAid BC provides assistance in the form of Canada Student Loans or a combination of Canada Student Loans, B.C. Student Loans, and possibly grant funding. The amount and type of assistance awarded are based on need as assessed by the provincial authority. It takes approximately six weeks to process a student loan application. Students are therefore advised to apply early. Submitting online applications can speed up the approval process. Students are reminded that this is an assistance program aimed at complementing, not replacing, their own financial resources. To be eligible for full-time StudentAid BC student loan funding, students must be registered for 60% of a full course load (see curriculum sequence for your program), or 40% for students with permanent disabilities.
How to Apply
Students from British Columbia can apply online through studentaidbc.ca to be considered for federal and provincial loans and grant funding.
Students Outside British Columbia
Students from a province or territory other than British Columbia are eligible to receive government student loan assistance, but they must apply through their home province.
How Much Loan Funding Will I Receive?
The amount of funding you receive depends on the financial information you submit in your online application. After you have submitted your application, you will receive a Notice of Assessment. This document will tell you how much funding you are eligible for and when you will receive it.
Grants, Scholarships, and Other Financial Supports
There are many programs available that can help with the cost of post-secondary education. For a list of eligible programs, visit https://studentaidbc.ca/explore/grants-scholarships or inquire through your home province.
International Students - Vancouver Campus
International students attending the Vancouver Campus are not eligible for Canadian federal or provincial student loans.
For more information on Canadian financial aid options, contact [email protected].
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