Your economic need

Your economic need

StudentAid BC financing differs relating to your finances, status, amount of study system, wide range of dependants along with other facets.

The money you obtain from StudentAid BC depends upon your economic need, that is determined making use of this formula:

Academic costs- Student Resources= Financial need

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

Your evaluated need will be compared to the most funding that is weekly permitted for the research duration. The reduced of those two quantities is really what you will be entitled to get.

Pupil residing Allowances

The month-to-month pupil living allowances for every single group of pupil are designed to protect charges for shelter, food, neighborhood transport, and miscellaneous costs. They have been standard allowances for the moderate quality lifestyle founded because of the government that is federal. The allowances vary centered on a pupil’s residing situation therefore the territory or province where they’ll be learning.

The 2019/20 allowances for pupils surviving in B.C. Are below. Allowances for any other living circumstances are available in the SABC Policy handbook.

2019/20 Allowances that is living for surviving in B.C. Monthly Weekly
solitary pupil far from home $1,639 $381
Single pupil 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 amount of dependants) $3,076 $715
Child allowance $713 $166

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