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The basic student loan

The provincial and tederal governments provide
yearly loans to post-secondary students with
demonstrated financial need. No payments or
interest are due until six months afer leaving
school. In British Columbia both the federal and the
provincial programs are administered by the B.C.
government. Application forms are available from
all public post-secondary institutions.

Work Study

Che provincial government funds pari-time
employment for students who need to carn extra
money, Generally these jobs are related to some
type of campus service (such as the library) or to a
student's field of study. This program is
administered by the Financial Assistance Offices at
cach participating British Columbia post-secondary
institution.

Adult Basic Education Student
Assistance Program (ABESAP)

Direct financial assistance tor students completing
Ingh school level programs ata community college.

* .
Bursaries and Scholarships
A variety of bursaries and scholarships are
administered by post-secondary institutions in
British Columbia. As a rule bursaries are awarded
on the basis of financial need and scholarships on
the basis of achievement. Funds for these awards
come from private donors, foundations.
corporations, service organizations, government,
and from individual universities, colleges, and
institutes.

Theres more to Student Assistance
than just Student Loans

Student loans are the foundation of student financial assistance in British Columbia. A
number of other programs to supplement these loans are also provided by government,
post-secondary institutions and private sources. These programs put money directly in
the hands of students with demonstrated financial need,

 

 

New programs to reduce
student loan debt

Last spring three new programs to reduce student
loan debt were unveiled by the British Columbia
Minister of Advaneed Education and Job
Training. Stanley B. Hagen. These programs,
which are based on financial need, melude:

Supplemental Funds: provide direet assistance to
Adult Basic Education college students preparing
for post secondary training. This assistance helps
reduce the level of student debt by reducing the
need to borrow,

Equalization: provides direet finance assistiice
to students in their first year of past secondary
study. This program is targeted at those students
whose financial needs are the greatest. [ln August
1988 this will be extended to also include
students entering second year, Like the
Supplemental Fund, Equalization reduces the
level of student debt by reducing the need to
borrow

Loan Remission: reduces student loun debt of
new graduates to a maximum $12,000

regardless of the anrount borrawed. This limit os
raised tog total of $ 16.000 aller a second degree.

These new programs require students to make a
personal contribution during the summer™ by
working, studying or volunteering in the
community.

*sunimier or any pre-term break longer than
thirty days

 

 

 

Find out more!

Contact the Financial Assistance Office at this
institution or write to:

Student Assistance

¢/o Parliament Buildings

Victoria, British Columbia

V8V IX4

 

ESTMENT

ally, Jor the
gee LUTURE

Ministry of Advanced Education and Job Training
“Skills for Life”
HONOURABLE STANLEY 8. HAGEN, MINISTER

 

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