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Creating a financial plan

Visit DEVISE a Plan for tools to plan your funding for education.


Paying for school and graduating without a huge debt

  • Investigate funding options and try to minimize your borrowing.
  • Plan your finances now to avoid stress and uncertainty while you are a student.
  • Live simply and cheaply so that you can look forward to graduating without a huge debt.

Funding provided through StudentAid BC

Loans

  • Interest-free while the student is enrolled in full-time post-secondary-level studies (minimum 60% course load (9 credits) or 40% course load (6 credits) for students with an approved permanent disability status with StudentAid BC).
  • Repayment starts six months after leaving full-time study.  

Grants
  • Special grants are available for students with dependants and students with disabilities and for students from low- or middle-income families.
  • Considered taxable income.
  • Not repayable unless you withdraw early or your financial need changes.

Applying for government student loans and grants

Visit APPLY for a Loan/Grant for information on how to apply for full-time and part-time student funding.

BC students can apply through StudentAid BC and out of province students may need to apply through their home province. 

Drop by the Financial Aid Office for assistance with your application since we have computers for students to use.

Talk to a Financial Aid Advisor for help with an appeal or reassessment, if you did not receive enough funding or your situation changes after you applied for student loan/grant funding.

 

Paying for fees before school starts & your student loan is not available until the start of classes

Students with approved student loan/grant funding and are unable to pay their fees prior to the fee payment deadline, may request a fee deferral.

Approved fee deferrals allows your fees to be paid directly from your student loan/grant and are only applied for one semester at a time. 


Delayed student loan and grant funding

Students approved for student loan funding sometimes experience unusual delays in the processing of their loan at the start of the semester. Temporary assistance may be available until the student loan funding arrives.

The emergency advance is required to be repaid from the loan or grant disbursement. Drop by the Financial Aid Office to talk to a Financial Aid Advisor for more information.


Managing and repaying your student loan

Visit MANAGE Your Loan for information on how to stay in touch with your student loan provider and maintain proof of your ongoing studies.

Swing by REPAY Your Loan for information on repayment of student loans. 

Funding for upgrading courses

The Adult Upgrading Grant helps students based on financial need who are enrolled in upgrading courses and special education programs:

  • Basic Occupational Education (BOCE)
  • Career and Employment Preparation (CAEP)
  • Customer Service and Cashier Training (CSCT)
  • English and Mathematics Upgrading (ENGU and MATU)
  • Warehouse Training (WT)

Apply early as funds are limited and by the end of late registration.

Options for students who do not qualify for government student loans and grants

Drop by the Financial Aid Office to talk to a Financial Aid Advisor to discuss available options.

  • Visit your banking institution to apply for a private student loan or line of credit. A co-signer may be required and interest is charged while you are in school.
  • Browse Employment and Social Development Canada for sponsorship for training assistance if you:
    • Are an unemployed person in receipt of Employment Insurance (EI) benefits,
    • Or have received benefits in the last three years,
    • Or have started a maternity or parental EI claim within the last five years.
  • Talk to the Aboriginal Coordinator at 604-527-5565 for information on band funding if you are a First Nation student and check out Indigenous and Northern Affairs Canada for scholarships, bursaries, and awards.
  • Earn while you learn by working part-time on or off-campus. Check out Student Employment Services for job opportunities.

Provincial tuition waiver program for former youth in care

Tuition for former youth in care will be waived for B.C. students who are between 19-26 years of age (inclusive) attending a B.C. public post-secondary institution who meet the eligibility criteria outlined in the application form below.  This program is open to students pursuing programs that lead to a certificate, diploma, or undergraduate degree.  Students enrolled in graduate programs or post-graduate courses are not eligible. Students registering in Continuing Education courses are also eligible.

Students who wish to be considered for the waiver while studying at Douglas College must complete the Provincial Tuition Waiver Application and return it to the Financial Aid Office at either the Coquitlam or New Westminster Campus.

For more information, check out BC Government

 

Douglas College scholarships, bursaries, and awards

Visit scholarships, bursaries, and awards administered by Douglas College for more information. 

Douglas College award eligibility

You may be eligible if you:

  • Are a returning student
  • Have a minimum 3.0 GPA

Participation in college and community activities may also be considered.

Apply online within the dates listed below:

  •  Sep. 1 – Oct. 1
  •  Jan. 1 – Feb. 1
  •  Feb. 1 – Apr. 1 (Entrance and graduation awards)
  •  May 1 – Jun. 1

Douglas College bursary eligibility

You may be eligible if you:

  • Are a credit student 
  • Have a minimum 2.0 semester GPA (if you are a returning student)

Participation in college and community activities may also be considered.

Apply online within the dates listed below:

  • Sep. 1 – Oct. 1
  • Jan. 1 – Feb. 1
  • May 1 – Jun. 1

Douglas College scholarships eligibility

You may be eligible if you:

  • Are a returning student
  • Have completed a minimum of 12 graded credits at Douglas College
  • Have a minimum 3.5 GPA

Participation in college and community activities may also be considered.

Apply online within the dates listed below:

  • Sep. 1 – Oct. 1
  • Jan. 1 – Feb. 1
  • Feb. 1 – Apr. 1 (Entrance and graduation scholarships)

Douglas College entrance scholarships & awards

You may be eligible if you:

  • Are graduating from a high school in Metro Vancouver
  • Are entering Douglas College in the Fall semester
  • Have a minimum 3.5 GPA (scholarship) or 3.0 GPA (award)

Visit entrance scholarships and entrance awards for listings of the funds available.

Students who receive an entrance scholarship or award are also eligible for priority registration. 

Apply online within the dates listed below:

  • Feb. 1 – Apr. 1 

Douglas College graduating awards and scholarships

You may be eligible if you:

  • Are graduating from Douglas College
  • Have achieved a record of academic excellence

Visit graduation awards and graduation scholarships for listings of the awards and scholarships available.

Apply online within the dates listed below:

  • Feb. 1 – Apr. 1 

Other scholarships, bursaries, and awards

Visit awards, bursaries, and scholarships for information on other scholarships, bursaries, and awards not administered by Douglas College.

Check in your local community, credit unions, unions, businesses, organizations, and agencies for possible sources of funds.

Swing by useful links for financial tools and literacy.