StudentAid BC applications are prepared within six months. The status can be checked by you of the application for the loan online 24/7.
Getting your loan is significantly diffent based on whether you might be a full-time or student that is part-time.
Just how to receive funding that is full-time
Notification of assessment
The Notification of Assessment (NOA) letter is published to your StudentAid BC dashboard account after your StudentAid BC full-time application has been examined.
- Suggest the type of capital you’ve been authorized for (loan, grant/bursary).
- Show the quantity of income you’ve got been authorized for.
- Inform you whenever you’re qualified to get your hard earned money.
- Incorporate a 10 Master that is digit Student Assistance Agreement (MSFAA) quantity.
Master Scholar Financial Assistance Agreement
You need to complete and agree to the Terms and Conditions of the Master Student Financial Assistance Agreement (MSFAA) if you are approved for full-time funding through StudentAid BC. The MSFAA is just a appropriate contract between you, the Province of British Columbia, therefore the Canada figuratively speaking Program about borrowing and repaying your figuratively speaking.
The MSFAA is an agreement that is multi-year you don’t need to submit a brand new contract each time you make an application for funding through StudentAid BC.