Financial Aid

Targeted Skills Shortage Plan

The BC government is currently offering up to $1500 for students that are currently working in the field of ECE in order to gain or upgrade credentials. For more information, please visit www.aspect.bc.ca/tssp.

Student Loans and Grants

Pacific Rim is designated for Canada and Provincial Student Loans and Grants. This government program is designed to help Canadian residents overcome financial barriers to post-secondary education, it is a partnership between the provincial and federal governments, who cover interest payments during your time of study. We are currently only accepting student loan applications for Basic ECE Certificate students.

There are three types of loans available to students in BC: British Columbia student loans, Canada student loans and part-time Canada student loans. B.C. student loans are provided by the provincial government. Canada student loans are provided by the federal government. These are all administered through StudentAid BC, as are Canada study grants, Canada access grants. There are similar programs run out of each province.

A basic principle of this program is that the primary responsibility for the funding of post-secondary education rests with students and their immediate families. While the federal and provincial governments cover interest on student loans during full-time studies, student loans must be repaid. The Financial Aid Program for Part-time Studies has loan and grant funding available to students attending post-secondary studies part-time.

After the assessment of your application, you will receive a Notification of Award by mail at the address on your application. This notification advises you of the amount you may receive. You may also find out this information by calling 604-660-2610 (free if calling from the Lower Mainland). Students from BC should visit the Student Aid BC website for more information. Canadians applying from outside BC should visit the Canada Student Loans and Grants website for more information.

Applying for a Canada or Provincial Student Loan

Complete the following steps to apply for your Canada or Provincial Student
Loan:

  1. Register as a student
  2. Select a program duration that works best for you
  3. Choose a start date at least 8 weeks in the future
  4. Complete a "Student Loan Timetable" (download below)
  5. Complete a "Long Term Student Contract" (download below)
  6. Submit the timetable and contract to the administrator for approval
  7. Submit a copy of valid government issued photo ID to the administrator
  8. Apply for your Student Loan

Basic ECE Certificate Program Loan Options

Full time 100% course load - 41 weeks (9 months) - 25 hours/week

100% contract 100% timetable

Full time 80% course load - Duration:52 weeks (12 months) - 20 hours/week

80% contract 80% timetable

Part time 45% course load - Duration:91 weeks (21 months) - 11 hours/week

45% contract 45% timetable

    Pacific Rim processes Appendix 3's within days of receiving the completed loan package. The time frames upon which loans are assessed, approved and received are determined by the Student Loan office. Loans are negotiated directly between the student and the Student Loan office. Students are responsible for ensuring that they are aware of their loan status and for following up on any discrepancies. Pacific Rim will ensure that all institution required actions are carried out promptly. Students should notify the administrator detailing the required institution action if required.