Financial Support for Undergraduate Students (Fall 2020/Spring 2021)

We know this is a challenging time, and many students and families have been affected by the COVID-19 pandemic. The information below outlines financial supports available to TWU students enrolled in undergraduate studies (this does not include programs delivered through adult degree completion). It includes both TWU-sourced financial aid and financial assistance from federal/provincial governments.

If you would like help developing a financial plan for this coming year, please contact a Financial Aid Counsellor to schedule an appointment. For general questions, please email us at awards@twu.ca.


The Journey Forward Grant

We understand that financial circumstances are unique for each student and their family and that students may be facing an increased economic burden due to the COVID-19 pandemic. In response, we have created a one-time Journey Forward Grant of up to $2,000, available to full-time undergraduate students enrolled in eligible programs for the Fall 2020 and Spring 2021 semesters. 

Eligibility

  • Enrolled in a traditional undergraduate program (does not include ADC, IDC, U1, Casual Studies or certificate programs)
  • Enrolled in full-time studies (minimum 12 credits per semester)
  • Minimum cumulative GPA of 2.00
  • This grant, including any other TWU awards, cannot exceed the cost of tuition
  • Torch Scholarship recipients are not eligible for the Journey Forward Grant

Amount

Amounts are split between Fall 2020 and Spring 2021 semesters and will be prorated to course load 

Course Load Fall Semester Spring Semester Total
80% $400 $400 $800
100% $500 $500 $1,000
120% $600 $600 $1,200

Students with demonstrated financial need may be eligible for additional funding, up to a total maximum of $2,000, depending on course load.

Apply

You do not have to re-apply if you already have completed these steps. Apply by June 30 for your Journey Forward Grant to be reflected on your financial statement when available on July 15. 

New Students

  • New students automatically receive the Journey Forward Grant.
  • Complete the need assessment to determine eligibility for additional Journey Forward funding. 

Returning Students

  • Simply log into the financial aid portal to receive the Journey Forward Grant.  Complete the need assessment to determine eligibility for additional Journey Forward funding.

Contact the financial aid team at awards@twu.ca for any questions regarding the Journey Forward Grant.


TWU Academic Scholarships

New Students: When you complete your admissions application, you will be evaluated for an academic scholarship. If eligible, your scholarship offer will be included in the acceptance letter.

Returning Students: Apply for an academic scholarship by logging into the Financial Aid Portal using your TWUPass. Your cumulative GPA will be used for evaluation of an academic scholarship.     


TWU Financial Need-Based Aid

To apply for financial need-based aid, log in to the Financial Aid Portal using your TWUPass and complete the TWU Need Assessment.


Student Loan Funding

Students enrolled in eligible programs can apply for student loans to help pay for their post-secondary education.

Loans for Canadian Students

To support students during the COVID-19 pandemic, the federal government has recently announced an increase in grant funding (non-repayable), as well as an increase in the amount of loan funding for the 2020/21 school year. See Government of Canada website for more details.

Loans for American Students

Loans for International Students


Canadian Government Support Programs

Both federal and provincial governments have programs in place to support students in a variety of ways, including emergency grants and summer employment opportunities.

The information below outlines federal and provincial financial support for students and families to help navigate the impact of COVID-19.

Canadian Emergency Student Benefit (CESB) - Provides temporary financial support from May to August for high school graduates, post-secondary students, and recent graduates.  Available to Canadian citizens, permanent residents, protected persons, and those persons registered under the Indian Act. 

B.C. Emergency Benefit for Workers - Residents of British Columbia may be eligible for a one time $1,000 payment to those whose ability to work has been affected due to COVID-19.

Canada Emergency Relief Benefit (CERB) - Provides temporary financial support for eligible workers who have stopped working due to COVID-19. The CERB provides a taxable benefit of $2,000 every 4 weeks, up to 16 weeks.

Canada Student Loan and Grant Program Enhancement - Eligibility for student financial assistance will be broadened, as well as increased levels of funding for loans and grants.  This will in place for 2020-21 only.

Student Loan Repayment Deferral - All Canadian student loan borrowers will automatically have their loan repayments and interest suspended until September 30, 2020.

Canada Student Service Grant (New Program) - Provides financial support up to $5,000 to eligible post-secondary students for volunteering at Canadian not-for-profits during summer 2020. 

Canada Child Benefit - The government is providing up to an extra $300 per child through the Canada Child Benefit (CCB) for 2019-20. This benefit will be delivered as part of the scheduled CCB payment in May; no action is required for those already receiving the CCB.

International Student Work Hours Extension for Essential Services - The restriction that allows international students to work a maximum of 20 hours a week while classes are in session has been lifted, provided that students are working in an essential service or function such as health care, critical infrastructure, or supply of food.