Approval of Your Application


Once your application has been assessed and you have been approved for funding, you will receive the following documents in the mail.

Notification of assessment

As soon as StudentAid BC has processed your application for financial assistance, you will be sent a notification of assessment.

The notification of assessment letter will tell you:

  • The type of funding you have been approved for (loan, grant/bursary).
  • The amount of money you will receive.
  • When you will receive your money.
  • Where your money will be sent.

Master B.C. student loan agreement

The first time you are approved for funding by StudentAid BC, you will also receive in the mail a legal document called the master B.C. student loan agreement (see a sample master B.C. student loan agreement [48kb]). It tells you your responsibilities and the terms and conditions of accepting and repaying your B.C. student loan(s).

The master B.C. student loan agreement remains active for the lifetime of all your B.C. student loans. It is important that you review the terms and conditions before entering into the agreement.

The master agreement does not state the amount of money you will receive. Instead, each time you are approved for StudentAid BC funding, a notification of assessment with the loan amount and disbursement details will be mailed to you.

After you receive your master agreement, you will cash your loan.

Certificate of eligibility and Canada student loan agreement

You will also receive a document called the certificate of eligibility and Canada student loan agreement. This will be sent to you each time you are approved for Canada student loans. Click here for information about what to do with the Canada student loan agreement.