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RECEIVE Your Funding

How to Receive Your Funding

To receive your student financial funding, it will differ depending on whether you are a full-time or part-time student. 

(A) Full-Time Student

  1. Submit your Master Student Financial Assistance Agreement via link in email from National Student Loans Service Centre.
    • AB | BC | MB | NB | NL | NS | ON | PE | SK | YT
      • New MSFAA will be required if you are:
        • A first time loan or grant recipient.
        • An existing loan or grant recipient who has experienced a break in studies of more than two years.
        • An existing loan or grant recipient who has established residency in another province/territory.
  2. Pay or defer tuition fees.
    • Only approved student loan/grant funding is eligible for a fee deferral.
  3. Register completely (registered for courses and not waitlisted).
    • Registered in at least 60% course load (9 credits),
    • Or 40% course load (6 credits) for students with an approved permanent disability status with StudentAid BC.
  4. Enrollment is electronically confirmed by the school if all of the above are done.
  5. Funds are sent after the confirmation of enrollment is completed and it may take
    7 - 10 business days to arrive.

(B) Part-Time Student

  1. Submit your Master Student Financial Assistance Agreement via link in email from National Student Loans Service Centre.
    • AB | BC | MB | NB | NL | NS | ON | PE | SK | YT
      • Only need to submit once.
    • NT | NU | QC
      • Contact your home province student loan provider to inquire about part-time funding.
        • Canada student loans & grants are not available since these jurisdictions operate their own student loan programs.
  2. Pay or defer tuition fees.
    • Only approved student loan/grant funding is eligible for a fee deferral.
  3. Register completely (registered for courses and not waitlisted).
    • Registered in at least 20-59% course load (3.0 - 8.5 credits)
  4. Enrollment is electronically confirmed by the school if all of the above are done.
  5. Funds are sent after the confirmation of enrollment is completed and it may take 
    7 - 10 business days to arrive.

 

How to Defer Your Tuition & Fees

Students approved for a fee deferral will have their student loan funds paid directly to Douglas College to cover tuition & fees.

  •  Student loan funding is less than tuition and fees,
    • Must pay the difference to the College.
  •  Student loan funding is more than tuition and fees, 
    • Remainder will be deposited electronically into the student's specified bank account.

Students must also pay the College, or be refunded, when there are subsequent changes to study costs from adding or dropping courses.

NOTE: If a fee deferral expires and tuition fees are not paid in full, you may incur late fees.

To defer your tuition and fees, you must follow the criteria and steps described below. 

(A) Returning Canada-BC Integrated Student Loan Applicants

  1. Receive an automatic fee deferral and avoid being dropped from classes if you receive your Notification of Assessment letter before the domestic tuition fee payment deadline by 4PM.
  2. Check if your fee deferral is in place by logging in to myAccount > Student Records > View Holds. Automatic fee deferrals for the Fall 2019 semester will be placed on your account on August 9, 2019.

(B) First-Time Canada-BC Integrated Student Loan Applicants

  1. Request a fee deferral if you are approved for student loan/grant funding.
  2. Submit a completed Request for a Fee Deferral Form and your Notification of Assessment to the Financial Aid Office before the domestic tuition fee payment deadline by 4PM:
  3. Log in to myAccount > Student Records > View Holds to check if your fee deferral is in place (some students may receive an automatic fee deferral. If you see a fee deferral on your account for the following semester, you do not need to submit a fee deferral application).
    • Allow 1 business day for processing.

(C) Out of Province Student Loan Applicants

  1. Request a fee deferral if you are approved for out of province student loan/grant funding.
  2. Submit a completed Request for a Fee Deferral Form and your Notification of Assessment to the Financial Aid Office before the domestic tuition fee payment deadline by 4PM:
  3. Log in to myAccount > Student Records > View Holds to check if your fee deferral is in place.
    • Allow 1 business day for processing.