Financial Literacy

Students loans are offered by the Provincial Government and Government of Canada. Eligibility for BC student loan are based on many factors including:

• being a Canadian citizen, a permanent resident or have protected person status
• being a resident of British Columbia
• being enrolled institution and  program eligibility
• demonstrating financial need

 For more information on eligibility visit:

Are you eligible for full-time funding?

• Are you registered for at least 60% course load (9 credits)
• Registered in at least 40% course load for students with an approved permanent disability status with Student Aide BC
• Full-time funding assists with living costs and tuition
• Repayment of loans starts six month after studies end

Where to Apply:

Apply online at:

Click on the  Apply for a student loan under Online services

Part-time Funding

• Must be registered for between 20%-57% course load (3 to 8.5 credits)

Where to apply:

• Download and complete a part-time application and submit it to enrolment Services at Douglas College.

Additional information

• Part time funding does not provide assistance for living costs
• Repayment of loans starts six months after studies end
• Options to choose only grants if eligible.

Where to find the application on Student Aide BC - Just click the FORM library on the Student Aide BC website.

Grants are also a provincial and federally sponsored funding. The only difference is Grants do not need to be paid back. They are essentially free money. When you apply for a student Loan you are automatically considered for grants and busaries.

Grants are granted based on eligibility usually for marginalized people (ie. middle/low income, people with disabilities, indigenous students, students with dependant(s) etc.). To see all grants available to students visit:

Students loan repayment starts 6 months after your studies end.

For loans received after August 1, 2000 they are a joint federal-provincial student loan (Canada-B.C. integrated student loan).

You will repay your student loans through the National Student Loans Service Centre (NSLSC).

• Around 45 days before you enter repayment, the NSLSC will send you a consolidation agreement combining all your loans you received after August 1, 2000 so you can make one payment.
• Make sure you understand the terms of the consolidation agreement and choose the repayment options that are best for you.
• Sign and return the consolidation agreement to NSLSC.

If you are unable to make your repayment son your student loans or feel that it is unaffordable, you can submit for repayment assistants. Some  repayment programs allow you to stop repayments until your income increases while other assistant programs lower your monthly payments.

One such plan is the is the Repayment Assistance Plan which allows you to request payment deferrals if your income is under $45,000/year.

Repayments Plans are as follows:

For more information on repayment assistance visit