 StudentAid BC funding is based on students’ needs. It is meant to supplement, but not replace, funds you have through work, savings and assets, and family resources and income. All student aid files are subject to verification and audit at any time.
Each year, a percentage of student aid files are audited to check the information provided by students, their spouse/common-law partner and/or their parent(s)/step-parent/sponsor/legal guardian.
If your file is audited, you will need to support your application with documentation. For this reason, please keep all receipts and other documents that may be needed, including:
- residential tenancy agreements
- cancelled cheques and/or cash withdrawal receipts
- bank and other financial statements
- child support receipts
- spousal support and maintenance receipts
- utility bills
- day-care payment receipts/contracts
- day-care subsidy records
- income statements
- income tax returns and notices of assessments
- T4 and other information slips
- pay stubs
- records of employment, and
- financial statements
By responding quickly to audit requests, you can avoid delays in processing your student aid file and/or program application. Funding will be withheld until audits are completed.
False or misleading statements, failure to fully disclose information, acts of document tampering or forgery may be considered fraud and may restrict you from further financial assistance including loans, grants and repayment assistance for up to five years.
Audits that identify suspected fraud will be referred to the RCMP for formal investigation and may result in charges under the Criminal Code of Canada.
Before you sign, read the declaration on your StudentAid BC application and any applicable appendices so you understand the details of the binding legal contract you are entering with the provincial and federal government.
If you, your spouse or your parent(s) fail to meet these terms and conditions, you may not be able to get further StudentAid BC funding and you may no longer be eligible for funds that you have already received.
Note: StudentAid BC and Federal Program Policies may be subject to change. Visit the Forms page of www.StudentAidBC.ca for the most updated provincial information and CanLearn.ca for the most updated federal information.
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