Financial planning and student loans

Financial planning and student loans

University is a costly endeavour, there’s no doubt about that. There’s tuition, books, residence fees or rent, food, monthly bills, clothing, entertainment – the list goes on. Coming up with a financial plan to manage these costs is an important first step, and UBC can help you with that.

Student loans

Sometimes, you need a little bit of extra help. If you’re a Canadian citizen or permanent resident, you may want to consider a student loan. The benefit to this program is that the government will pay the interest on your loan as long as you’re a full-time student. You will not be required to begin repaying it until six months after graduating (or ceasing to be a full-time student).

BC students can now apply for a loan for the 2016 academic year online through StudentAidBC. Students coming from another province can apply through your provincial lender. If you’re a US citizen, you’re eligible to apply for a Direct Loan. It usually takes a while for loan applications to be processed, which is why we recommend that you apply at least six weeks before the term starts to ensure your funding is available for the start of term.

Applying for a student loan is also part of the process of applying for a UBC bursary. This program is meant to help cover any unmet need if your student loan wasn’t enough. Please keep in mind that your student loan must be confirmed by September 15, so we recommend that apply for your loan by July 15.

Contact UBC for help planning your finances

There’s a lot of detail here, so if you have any questions about some of the financial aid opportunities available, please contact an Enrolment Services Professional (ESP) on the Vancouver campus. On the Okanagan campus, please email Student Services and Financial Support or call 250.807.9100.

Share this post

Leave a comment

We welcome your comments. Please note that this blog is public so do not include your student number, email address, or other private information in your comment.

Comments close after two weeks. We will not respond to questions on blog posts that are more than two weeks old.

This blog encourages conversation. To protect this space, UBC reserves the right to remove posts of an offensive nature including spam, profanity, sexual content, or advertising.


  1. Hi
    Kindly inform on Coast of attendance for undergraduate degree biology/science, including room & board at campus, transport and healthy insurance .
    Also give sources scholarship.and amounts.

    1. Hi Cathrine,

      There is excellent information on costs, scholarships and financial supports online here. Take some time to explore the site and then email us if you have any specific questions at

      Take care,


  2. Will international students get student loan?

    1. Hi Abeeha,
      Canadian student loans are only available to Canadian citizens and permanent residents. If you are a US student, UBC is an approved Title IV institution, and you can use FAFSA loans here. More information is available at If you have questions about financial planning for UBC, the contacts listed in this post will be able to provide more detailed information.


  3. Hi, i am planning to enrol in Phd Rehabilitation science full time. I would like to know being international student how much shall it cost on average per year including tution fees, boarding, lodging,meals and other relevant expenses. Also let me know what all scholorship options are available for international students in UBC.
    Thank you

    1. Hi Sushmita,
      Thanks for your interest in UBC! This page has information for students applying to undergraduate programs. For more information about our graduate programs, please visit


  4. Hi,
    I m an international student who is aspiring to come to Canada to further my education, when I check the University to attend I came across UBC,but I m not financially stable…it’s my dream to have good educational background…
    But is it possible for me to get loan to study then after I m through I ll work to pay back, Or if the University can sponsor me for the first year then I ll work to pay back then continue to work to fund for my schooling till I graduate

    1. Hi Aboiye,

      There are no loan programs for international students in Canada, however you may want to consider looking at our International Scholarships. You can view a full list of these scholarships here:

      I hope this helps. Sincerely,

  5. Hello!
    My name is Destiny and I am an American student currently in my senior year in a Massachusetts high school. Since dates were quickly approaching to turn in applications, I wanted to apply to your school, but since I would be considered a international student, I was wondering about financial aid and had a couple other questions.
    1. Would I even receive financial aid as an international student? I was told that FAFSA and such doesn’t provide Financial Aid for students who go out of country.
    2. About how much financial aid would I receive?
    3. And how much would tuition be for me since I wanted to study something along the lines of Asian Studies, East Asian Studies, Korean Linguistics or Animal Science/behavior,

    Thank You Very much!
    Destiny C.

    1. Hello Destiny,

      UBC is committed to supporting outstanding students who choose to study at our university. UBC contributes CAD$11 million each year to awards and assistance for international students. In addition, we continue the support by making several awards available after first year. Please visit for more information. UBC is also an approved Title IV institution, which means that UBC students from the US can access Direct Loans (

      Regarding tuition, UBC has a helpful online cost calculator:

      Warm Regards.

  6. is there any type of scholarship for international students?
    if yes, what are the procedures? i couldn’t find any link about it
    thank you

    1. Hello Iradukunda,

      You can check out scholarships for international students here:

      I hope this helps clarif,.

  7. Hi, I have Canadian Citizenship although I’ve lived most of my life in England and am presently doing my advanced level studies at an a International School in Spain. I would really like to consider applying to UBC Vancouver for uni in 2018 and would like to know if I would be able to apply as a Canadian Citizen and pay at this fee level?
    Thanks for your help.

    1. Hi Alexandra,
      As a Canadian citizen, you will pay domestic tuition and fees, even if you do not live in Canada or ever have before. We use citizenship to determine qualification for international vs. domestic fees.


  8. Hi,
    I have been accepted in the first round of admissions. I am wondering if I would have been notified of any entrance scholarships that I may receive in the acceptance letter, or if the entrance scholarships (if I am offered any) will be offered in separate letters apart from admission?

    1. Hi Jensen,

      Fair question. Congratulations on being admitted to UBC by the way! Scholarship decisions are being finalized right now, and students will start to be contacted soon. Scholarship offers keep rolling out right into the summer if necessary, so it is normal to be admitted now without having a scholarship offer. If you are a scholarship recipient we will contact you by email to let you know right away.



  9. We are from India, my daughter has got conditional offer for under graduate course,
    can she apply for loan ? and when can she apply for loan ? do we have to wait till the offer convert into admission ?

    1. Hello Rajesh,

      Canadian government student loans in Canada are only available to Canadian citizens or permanent residents. If you have either status in Canada, you can find more information on the loan programs here:

      Unfortunately I am not aware of any other government loan programs available to students who are not Canadian or US citizens/Permanent Residents.

      I hope this helps clarify.