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Your monetary need

StudentAid BC money differs relating to your financial predicament, status, amount of research system, amount of dependants along with other facets.

The money you get from StudentAid BC varies according to your economic need, that will be determined applying this formula:

Academic costs- pupil Resources= Financial need

We subtract your total resources from your total academic costs to determine your evaluated economic need.

Your evaluated need will be weighed against the utmost funding that is weekly permitted for your study duration. The lower among these two quantities is exactly what you might be qualified to get.

Pupil residing Allowances

The month-to-month pupil residing allowances for every sounding student are meant to protect charges for shelter, meals, neighborhood transport, and miscellaneous costs. These are typically standard allowances for a moderate quality lifestyle founded by the government that is federal. The allowances differ according to a pupil’s residing situation therefore the province or territory where they’ll certainly be learning.

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

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

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