When do I have to pay the money back?
You have to start repaying the loan seven months after you finish school. Finished school means:
- You completed your program.
- You transferred to part-time studies.
- You’re taking time off from school.
- You decided not to finish the program.
StudentAid BC will contact you to create a payment plan when you finish school. If you don’t think you can make your payments, apply for the Repayment Assistance Plan. If you don’t respond, they’ll automatically withdraw payments from your bank account when those seven months are up.
If you can’t afford your loan payments, you can apply for repayment assistance through the NSLSC.