Confirming enrolment and receiving your student loan
The National Student Loans Service Centre (NSLSC) administers your loan on behalf of the Government of Canada and the Government of British Columbia. Once your software has been assessed, notifications might be despatched from StudentAid BC to your electronic mail account to examine the standing of your loan.
Master Student Financial Assistance Agreement (MSFAA)
As of April 3, 2018 StudentAid BC now not points paper MSFAAs to new full-time debtors. The National Student Loan Service Centre (NSLSC) will ship communication with a hyperlink to create a NSLSC account and full your MSFAA.
Please comply with this hyperlink to the National Student Loan Service Centre (NSLSC) for extra data.
Once your loan settlement has been processed, the federal government will affirm your enrolment electronically with the college.
Student Aid BC loan software course of
StudentAid BC funding and cut up enrolment
If you’re taking credit programs from multiple establishment on the similar time, that is known as cut up enrolment. You could also be thought of for StudentAid BC funding provided that the course(s)
- is obtainable with the identical begin and finish dates as these at your property faculty;
- is being taken from an formally designated faculty;
- is a vital aspect of your program;
- will depend for credit in the direction of your certificates, diploma or diploma at your property faculty;
- isn’t provided by the house faculty, or is oversubscribed (full); and
- the Financial Aid Advisor at your property faculty has accredited your course(s) for cut up enrolment.
Withdrawals, technical and unofficial withdrawals and drop beneath 60 %* withdrawal
*40% for students with acknowledged everlasting disabilities, 80% for students receiving Quebec or Newfoundland loans.
If you plan to drop programs or to modify from credit to audit, it’s advisable to examine with the Student Awards & Financial Aid workplace to make sure it won’t have an effect on your student assist.
Important: University Prep programs don’t depend for student loan functions – solely post-secondary credit depend.
Know what makes up 60 % of a full program load. It is 60 % of the credit, not the programs. For tutorial undergraduate applications, it is a minimal of 9 credit accomplished per four-month interval.
Make positive you hand in your assignments, attend courses and seminars and write all quizzes and exams; in any other case chances are you’ll be thought of to have technically withdrawn from the course, which might drop you beneath the required 60 % program load.
All withdrawals (common and extenuating circumstances) which drop a student beneath the required 60 % program load end in reassessment and usually disentitlement to funds. Future student assist might be affected by an overaward (see beneath).
Scholastic standing will be appealed when a student is in any other case on observe to efficiently full their program and one of many following standards has impacted their skill to review:
- medical sickness or damage
- household emergency (e.g. demise, damage, and so on.) or pure catastrophe; or
- different extraordinary circumstances.
Important: Do not depend on anybody aside from Student Awards & Financial Aid workers any time you may have questions regarding your loan. Student assist applications and insurance policies change often and individuals who don’t work instantly with the applications are more likely to have outdated data.
Academic recommendation could battle with student monetary assist necessities. It is your duty to make sure your monetary assist isn’t affected by tutorial selections chances are you’ll make or are suggested to make.
When a student receives extra help than she or he is eligible to obtain, an overaward is created. This could also be attributable to a reassessment on an software as a consequence of new data obtained, an audit being carried out by StudentAid BC, a withdrawal from full-time research or different causes. In most circumstances, students can have a loan overaward deducted from any future loan entitlement.
Interest free standing
Students eligible for interest-free standing aren’t required to make curiosity or principal funds on their excellent Canada-B.C. built-in student loan.
In order to be eligible, students should submit an Interest Free software on-line, and be enrolled full time in a program of examine which has been designated eligible for StudentAid BC funding. Most tutorial applications require a separate Interest Free software every semester., nonetheless you’ll be able to submit an software for each fall and winter semesters on the similar time. Students who’re in interest-free standing are in a “funded term” whether or not they have new loans or not; subsequently, withdrawals and unsuccessful phrases throughout this time could have an effect on their eligibility for additional help
Please word that ordinary processing time for Interest Free requests is 2-3 days. In addition, information could take two extra days to cross from StudentAid BC to NSLSC. Therefore please submit your on-line software at the very least two weeks previous to when you’ll enter compensation, however ideally far earlier than that.
Interest Free Status
Planning for compensation
Do you perceive what occurs when your student loans go into compensation? Do you need to know what your compensation choices are? We suggest signing up for a National Student Loan Service Centre account or contact Student Awards & Financial Aid for questions.
Repayment help plan
The Governments of Canada and B.C. provide the Repayment Assistance Plan (RAP). The RAP helps eligible borrower who’re having monetary issue repaying their student loans by permitting them to pay again what they’ll fairly afford. Borrowers should reapply for subsequent intervals of RAP. For additional data go to the Government of Canada web site.
Repayment Assistance Plan for Borrowers with Permanent Disability
The Governments of Canada and B.C. provide the Repayment Assistance Plan for Borrowers with a Permanent Disability (RAP-PD). The RAP-PD helps eligible borrower with everlasting disabilities which might be having issue repaying their student loans by permitting them to pay again what they’ll fairly afford.
TRU emergency bridging loan
Emergency Loans are supposed to help students who’re experiencing unexpected monetary issue and haven’t any out there choices for securing quick time period funds. Student have to be in receipt of presidency student monetary help, have a optimistic historical past of tuition cost at TRU, be capable to exhibit cheap monetary want (unreasonable monetary want is larger than $5,000 with no different assets) and should should droop examine as a consequence of monetary want. Typically these loans are reserved for students whose authorities student assist has been delayed to help in assembly quick time period dwelling prices.
Students are required to have an interview with a Student Awards Advisor. Applications can be found on the Student Awards & Financial Aid workplace.
Aboriginal emergency assist fund
Funding has been offered by the Province of British Columbia for emergency reduction funds to Aboriginal learners attending British Columbia public post-secondary establishments in an effort to have a optimistic affect on retention and completion.
Bursaries valued as much as $700 per certified particular person are supposed to help students at any stage of their TRU program with particular unexpected prices (e.g. substitute eyeglasses, emergency journey, and so on). To apply please contact Aboriginal Services
A charge deferral is an extension of the deadline to pay charges owing to Thompson Rivers University.
It is the student’s duty to make sure that all charges and deposits are paid in full by Fee Payment Deadlines established by Thompson Rivers University, or for acquiring an accredited charge deferral upfront of those deadlines. Payment in full have to be made by charge cost deadlines to keep away from de-registration out of your programs as a consequence of unpaid charges.
Students who meet the entire following situations can have their charges deferred mechanically:
- Cannot pay the stability of their charges by the deadline dates and
- Who have been accredited for presidency student loan funding or a TRU scholarship/award or an award from a donor outdoors of Thompson Rivers University whereby the funding is instantly payable to Thompson Rivers University and
- The accredited funding quantity is larger than the whole charges owing.
Students who don’t meet the eligibility requirement listed above aren’t eligible to use for a charge deferral.
Sponsorship recipients (e.g. aboriginal band funding) who don’t meet the eligibility necessities listed above ought to contact the Thompson Rivers University Finance Division.
Student Awards & Financial Aid doesn’t provide cost plans of any type.
Have you been accepted to Study Abroad by TRU World?
Will you be making use of for a student loan?
If sure to each, please learn our Study Abroad Fact Sheet Study Abroad Fact Sheet.
Also go to the Study Abroad web site for extra data.
Student Awards & Financial Aid would not provide entry to loan program for worldwide students who don’t fall into an eligible citizenship class. However, this does not imply there aren’t loan choices out there to you in your house nation. It’s value checking along with your authorities consultant to search out out if there are any choices you’ll be able to profit from.