Student Aid

Below you will find some useful information about Canadian Provincial Student Loans. If you would like to speak to our Financial Aid Office with regards to your student loans and funding options, please contact us at finance@nimbusrecording.com or call 604-875-8998.

British Columbia

How Often to Apply: Once per 52 week period
Where to Apply: https://studentaidbc.ca/
When to Apply: Ideally at least 8 weeks before course start.

There are a couple things to keep in mind when applying for StudentAid BC Funding (SABC):

THERE ARE ELIGIBILITY REQUIREMENTS. Please contact SABC for information. To be eligible for StudentAidBC Funding, students must be Canadian Citizens or Landed Immigrants who have been resident in British Columbia for the 12 months prior to the commencement of study.

*You can apply online at www.studentaidbc.ca

  1. When you first set up your account with SABC you will be prompted to visit a local Service Canada Centre to verify your identity before moving forward. You must create your account before going to Service Canada. You will need to bring various pieces of ID, as listed on the prompt (i.e. SIN card, BCID, etc.).

  2. SABC deals with the dispersal of your funds, both the provincial and federal portions. The Federal Government (NSLSC) deals with the collection and confirmation once you have finished your program.

  3. The maximum funding you can receive in a 12 month period is $16,640.00 or $5,440.00 per term. This can be affected by your income, savings, RESPs, parents income, spousal support , etc.

  4. You can apply for any 12 month (52 week) period. Meaning if you are in a 16 month Program, you would apply for the first 12 months of your program and then in the following year, you will apply for the last 4 month term. This means all income, statements or assets and monies reported are based only on that 12 month period. DO NOT ADD YOUR EXPECTED INCOME FOR THE FULL 16 MONTHS ON THE APPLICATION. Doing this makes it appear that you are earning more and may affect the amount awarded.

  5. All changes of circumstance (finances, address, courses, scholarships etc.) must be reported to SABC and require an Appendix 7. This form takes 4-6 weeks to process, so please get in touch with our Finance team (finance@nimbusrecording.com), if you have any questions and to avoid delay.

  6. Once the application is nearly complete, Nimbus may need to fill out an Appendix 3 to verify course costs, books, and supplies. If you are under the age of 23 you will also need to get your parents fill out an Appendix 1. They will need to create their own account in order to complete this. If you have a common-law spouse or are married, the same process applies for your partner, but it will be with an Appendix 2.

  7. After all of the required Appendices are in, you will go back into your application and hit the submit button at the top.

  8. At this stage you will be prompted to print off a Declaration which needs to be signed and mailed to SABC. Parents and spouses will also complete a declaration. This is essentially your ink signature for the application.

  9. Once all these steps have been completed, your application will be processed by SABC to determine the amount of funding you will receive. This usually take about 3 weeks from the time you submit the application.

  10. Once your funding amount has been determined, you will print out your Master Student Financial Assistance Agreement (MSFAA). This agreement is your loan contract and will need to be filled out, signed and uploaded . This generally take 4-6 business days to process.

  11. The final step in the process is the Confirmation of Enrolment. This is done on the first day of class, when we have a chance to confirm that you attended. During this step, we have the option to direct the funds to be sent to the student or to the school. Unless your tuition has been prepaid, or other arrangements have been made, the funds will be directed to the school to pay for your tuition directly.


Once all paperwork is processed and your enrollment has been confirmed, it takes 7-10 business days for the funds to be dispersed.

Alberta

How Often to Apply: Once per 52 week period
Where to Apply: http://studentaid.alberta.ca
If you need help completing the online loan application, Student Aid Alberta has a helpful step-by-step how-to guide here.

Saskatchewan

How Often to Apply: Once per 52 week period
Where to Apply: http://www.ae.gov.sk.ca/applying-assistance-student-loans
Find out more about the Saskatchewan Student Loan Program and how to apply here.

Manitoba

How Often to Apply: Once per 52 week period
Where to Apply: http://www.gov.mb.ca/
Find out more about Manitoba Student Aid here.

Ontario

How Often to Apply: Once per diploma or certificate program (maximum 52 weeks)
Where to Apply: https://osap.gov.on.ca/OSAPPortal
Note: You will need to complete a "Program Information Form" from which OSAP receives the program details (title, cost, dates etc.). For more information on applying for OSAP, please click here.

Quebec

How Often to Apply: Once per 12 month program
Where to Apply: http://www.afe.gouv.qc.ca/en.
Note: Quebec loans align with the Quebec school year (Sept-Aug). If you are starting in September, only one application is needed for the year. However if you're starting in May, one application would be made for the May-August period and a second application made for September onward.
Find out more information about Quebec Student Aid here.

New Brunswick

How Often to Apply: Once per 12 month program
Where to Apply: https://www.studentaid.gnb.ca/
If you need help completing the online loan application, Student Aid New Brunswick has a helpful step-by-step how-to guide here.

Nova Scotia

Where to Apply: http://studentloans.ednet.ns.ca/
Find out more about Nova Scotia student loans here.

Prince Edward Island

Where to Apply: https://laeapps.ednet.ns.ca/
Find out more about PEI student loans here.

Newfoundland and Labrador

Where to Apply: http://www.aes.gov.nl.ca/studentaid/
Find out more about Newfoundland and Labrador Student Aid here.

Northwest Territories

Where to Apply: http://www.nwtsfa.gov.nt.ca/
When to Apply: At least 30 days in advance of your course start date.
Download the Northwest Territories Student Financial Assistance Handbook here.

Yukon

Where to Apply: http://www.education.gov.yk.ca/
Find out more about the Yukon Student Loans program here.

Contact us at info@nimbusrecording.com or give us a call +1 (604) 875-8998

Classes start January 2, 2019.