Introduction to Student Aid BC

Student Aid BC

Student Aid BC is Canadian Government (provincial and federal) student loans and grants. Canadian Flight Centre is approved for student loan financing.

Note, that not every pilot training program is eligible for Student Aid BC. For example, Student Aid BC, at this time, does not finance any recreational type of training, incl. Private Pilot License or any portion thereof.

Additional conditions must be satisfied by the applicant. The information below is given as a reference only and may change without notice. For exact current numbers and regulations, please consult StudentAidBC.

Playlist

5 Videos

What is StudentAid BC?

1:19

Before you apply

1:49

How to create your StudentAid BC account

1:04

How much StudentAid BC funding can I get

0:45

How repayment works for StudentAid BC loans

How to Apply for Student Loans

Application for Student Loans, both provincial and federal shall be made through the Student Financial Aid Partner Portal. You must be a full-time Canadian Flight Centre student on one of our approved Programs. See Attendance Policies for details of full-time studies (min 15 hours per week). Student Loans BC has some limited provisions for part-time studies.

To learn more about StudentAidBC’s terms and policies, visit StudentAidBC website: https://studentaidbc.ca

CFC Programs currently eligible for student loans include:

Commercial Pilot (code UDC8, 17 weeks duration)
Multi-IFR (code UGV8, 13 weeks duration)

Flight Instructor (code UCZ8, 13 weeks duration)

Flight Dispatcher (code PAO8, 36 weeks duration)

Note, that this list is subject to annual revision and may change any time without notice.

2020-2021 Information for reference

Maximum Funding Limit. The amount of Student Loans given to you is not primarily dependent on the cost of training, but on the duration of your studies, your income, if you have dependent children and other factors. Click here for more information.
Re-applying. If you were a full-time student for the duration of the selected program, but have not completed your studies, you can sometimes reapply for student loans for the same program again. You usually receive again the same amount for the same duration.
Grants. under certain circumstances, a portion of the student loan does not need to by paid back, aka grant.
Interest-Free Status. You typically do not pay interest on your Student Loan as long you are a full-time student and another 6 months after your successful graduation. If you have prior Student Loans, and you go back to school, your interest-free status is reinstated even for the prior Student Loans received.
Full-Time vs. Part-Time. If you have a disability, your course load may be reduced to 60% (i.e. 9 hours/week) and still be considered full-time. Your grant funds (those that do not need to be paid back) may also be increased, depending on the disability.
Scholarships. Depending on your personal situation, you might be eligible for government and private scholarships. Government scholarships are available here. Find more up-to-date scholarship information on the CFC website and on the internet search.