Financial planning and student loans

Financial planning and student loans

Going to university is an investment in your future. The cost of tuition, books, residence fees or rent, food, monthly bills, clothing, and entertainment can add up quickly, so having a plan for financing your education is essential. To help you offset your costs, student loans and bursaries are two options you may want to consider.


Student loans

For Canadian citizens or permanent residents

If you’re a Canadian citizen or permanent resident of Canada, you may be eligible for a student loan if you’re studying at the Okanagan or Vancouver campus. Student loans offer two big advantages. First, the government will pay the interest on your loan as long as you’re a full-time student at UBC Okanagan or UBC Vancouver. Second, you’re not required to begin repaying your loan until six months after you graduate (or you cease to become a full-time student). If you’re a BC student, apply for a loan online through StudentAidBC. If you’re coming from another province or territory, apply through your provincial or territorial lender.

For US citizens

If you’re a US citizen, you’re eligible to apply for a direct loan (subsidized, unsubsidized, and/or PLUS loans). It can take a while for loan applications to be processed, so we recommend applying at least six weeks before the term starts to ensure funding is available in time.

Please note: UBC is expecting to offer your classes on campus in September, based on the strong and effective safety plans put in place by the BC government. In the event that you need to take your courses online, the US has introduced the temporary pandemic relief acts which allow you to take classes via distance studies through June 2022.  Typically, students participating in any online courses would lose direct loan eligibility for the duration of their degree.



If you’re a Canadian citizen, permanent resident of Canada, or refugee, and you have unmet financial need even after applying for a student loan, you may be eligible for a UBC bursary. If you’re interested in a bursary, we recommend submitting a student loan application by July 31 to ensure that your student loan is confirmed by the bursary application deadline of September 15.



If you have questions about financial planning or financial aid opportunities, UBC can help.

Okanagan campus

Contact Student Services and Financial Support at or +1.250.807.9100

Vancouver campus

Contact your Enrolment Services Advisor



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