Introduction
About StudentAid BC
StudentAid BC delivers provincial financial assistance programs to eligible students undertaking post-secondary education and administers the Canada Student Financial Assistance Program on behalf of the Government of Canada. This consists of a combination of repayable loans, nonrepayable grants, scholarships and bursaries, and debt reduction measures intended to support the success of post-secondary students and graduates. StudentAid BC also provides student financial assistance under separate programs and criteria for low- and middle-income students, students with a disability (permanent disability or persistent or prolonged disability), part-time students, current and former children or youth in care, and students in Adult Upgrading Programs (Adult Basic Education, English as a Second Language, or Accessible Education and Training). The purpose of StudentAid BC is to provide and administer programs that support a student’s ability to access post-secondary education and future employment opportunities. At the same time, StudentAid BC has a responsibility to protect the investment of British Columbia taxpayers by operating a financially sustainable student financial assistance program. The StudentAid BC program is administered following the guidelines described in this StudentAid BC Policy Manua 2025-2026 l. Read more
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Repayment Assistance Plan
The Repayment Assistance Plan (RAP) helps you manage your Canada-B.C. integrated student loan debt by letting you pay back what you can afford.If you are having trouble making your monthly student loan payments, RAP can help. When you apply for RAP, we calculate an affordable monthly payment based on how much money you make and the size of your family. While on RAP you may qualify for reduced payments of no more than 10% of your income, or no payments at all.
Check the income thresholds to see if you are eligible for $0 payments.
If you are on RAP for a total of 60 months (cumulative) or you are approved for RAP 10 years after you finished school, the governments of B.C. and Canada will start to pay down the loan amounts that your affordable payment doesn’t cover.
Once the government has started to pay down your loan you cannot get any more student aid. You will need to pay your unpaid loans back before you can apply for more student aid.
Visit the National Student Loans Service Centre website or call 1-888-815-4514 for more information.
