BC Student Loans
If you live in British Columbia, you may qualify for loan funding through StudentAid BC. For full details, and to apply online, visit the StudentAid BC website.
Tips for online application:
This application is for both federal and provincial loans.
Select the correct year of study.
Torch Students: as a safeguard against a potential audit, please ensure you report your Torch Award (yearly tuition amount; do not report reduced percentage amount) under the Scholarship section of the Loan application (line 61).
You do NOT need an Appendix 3. Entering your program of study satisfies this requirement.
Ensure you mail in the declaration page (printed from last section of application).
What happens after I apply?
StudentAid BC will assess your application. You can check on your application status at www.studentaidbc.ca.
If approved, you will get the following in the mail:
- Notice of Assessment: This will tell you how much you are getting and when the loan funds will be sent. You will be getting a portion of your loan from the Canada Student Loans, and a portion from BC Student Loans.
- BC Loan Agreement: This documents outlines the terms of the BC portion of your student loan. You need to take this document to a designated Canada Post Outlet (Canada Post acts a processing agent for Canada and BC Student Loans). Once the BC loan office gets your loan agreement form from you, they will send your BC Loan funds as per the dates indicated on your Notice of Assessment. All loan funds are sent directly to your student account at TWU.
- Canada Student Loan Document: This document will come in the mail in a seperate envelope from your BC documents. This document must also be taken to the Post Office. Once the Canada loan office gets your Canada Student Loan Document, they will transfer your funds directly to your TWU student account.
Approximately ten business days after you take your documents to the Post Office, your loan funds will be deposited into your student account at TWU.
How do I use my student loan for my first TWU payment?
Fax a copy of your Loan Confirmation (please include your TWU ID#) to Enrolment Services at 604.513.2096. This money can go towards your first payment for each semester. Even though the actual loan will not arrive until the beginning of the semester, you can use your loan confirmation toward this payment. For more details on how to make payment, contact es@twu.ca.
If you have a credit balance in your student account once your fees are paid for the semester, you may request a refund cheque from Enrolment Services.
For questions regarding loans, contact the Financial Aid Office.
For questions regarding payment, contact Enrolment Services at 604.513.2070 or at es@twu.ca.