Your monetary need

Your monetary need

StudentAid BC money differs in accordance with your finances, status, amount of research system, amount of dependants along with other facets.

How much money you will get from StudentAid BC is dependent on your economic need, that is calculated applying this formula:

Academic costs- pupil Resources= Financial need

We subtract your total resources from your own total academic expenses to determine your examined need that is financial.

Your examined need will be weighed against the most weekly capital restriction allowed for the research period. The lower among these two quantities is exactly what you may be entitled to get.

Pupil residing Allowances

The monthly pupil residing allowances for every sounding pupil are meant to protect prices for shelter, meals, regional transport, and miscellaneous costs. These are typically standard allowances for a moderate quality lifestyle founded by the government that is federal. The allowances differ centered on a student’s residing situation plus the province or territory where they’ll be studying.

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

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

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