Your monetary need

Your monetary needStudentAid BC financing differs relating to your financial predicament, status, duration of research system, quantity of dependants along with other facets.
The money you obtain from StudentAid BC relies on your economic need, which is determined making use of this formula:
Academic costs- Student Resources= Financial needWe subtract your total resources from your own total academic expenses to calculate your assessed need that is financial.
Your evaluated need will be in contrast to the most weekly capital limitation permitted for the research duration. The lower of the two quantities is exactly what you might be qualified to get.
Pupil residing AllowancesThe month-to-month pupil residing allowances for every single group of pupil are meant to protect prices for shelter, meals, regional transport, and miscellaneous costs. They’ve been standard allowances for a moderate quality lifestyle founded because of the government. The allowances vary according to a pupil’s residing situation while the province or territory where they’ll be learning.
The 2019/20 allowances for pupils moving into B.C. Are below. Allowances for any other living circumstances are available in the SABC Policy Manual.
2019/20 Allowances that is living for surviving in B.C. Monthly Weekly solitary pupil far from home $1,639 $381 solitary pupil living in the home $690 $160 Single parent (add child allowance x amount of dependants) $2,011 $468 Married student/spouse (add child allowance x wide range of dependants) $3,076 $715 Child allowance $713 $166