If You Are Audited

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 statements
  • child support receipts
  • alimony payment receipts
  • income 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.

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 government.

After you are approved for B.C. student loan funding by StudentAid BC, you will receive a master B.C. student loan agreement. Read the terms and conditions as soon as you receive it. The master agreement is a formal legal contract with the Province. It explains what your responsibilities are when you receive financial aid and your duty to repay it.

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.