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Important financial resources for students in financial need

KPU Resources

Funding Opportunities Through KPU

KPU General Bursary

This bursary is non-repayable grants open to Canadian citizens, Permanent Residents, and Protected persons studying full time at KPU. Applications are open August 20–September 20 for the fall semester and will be available on the Student Awards & Financial Assistance website on August 20th.

Indigenous Emergency Assistance Fund

Through a generous contribution from the Ministry of Advanced Education, Skills & Training, KKPU has established the Indigenous Emergency Assistance Fund to help Indigenous students who are facing financial barriers. Please contact Indigenous Services for Students for more information.

Youth Futures Education Fund Bursary

The Youth Futures Education Fund has been established to provide a grant to recipients of the Former Youth in Care Provincial Tuition Waiver Program, to assist with supplemental education funding for expenses such as books, housing, utilities, or emergency situations. Contact Student Awards & Financial Assistance to apply.

Additional Resources

For Students Who Have Been Laid Off and/or Need Income Support

BC Recovery Benefit

The new BC Recovery Benefit has just been announced by the Canadian Government. It is a one-time, tax free payment of up to $1000 for eligible families and single parents and up to $500 for eligible individuals. 

Online applications should be ready for people to apply December 18, 2020.

Employment Insurance Benefits

Employment Insurance (EI) provides regular benefits to individuals who lose their jobs through no fault of their own (for example, due to shortage of work, seasonal or mass lay-offs) and are available for and able to work, but can't find a job.

Improved Access to Employment Insurance Sickness Benefits

If you are sick, quarantined or have been directed to self-isolate, requirements are waived to provide a medical certificate to access EI sickness benefits.

BC Emergency Supports for Income & Disability Assistance

Due to COVID-19, new emergency measures are in place to ensure that people on income or disability assistance and low-income seniors, do not encounter additional barriers.

If you are not receiving federal Employment Insurance (EI) or the Canada Emergency Response Benefit (CERB) and are on:

  • Income Assistance
  • Disability Assistance
  • Comforts Allowance
  • BC Senior's Supplement

You will automatically receive a $300 supplement on your cheques issued in April, May, and June. No action is required on your part.

KPU Career Development Centre

KPU’s Career Development Centre is continuing to post new jobs, specifically for KPU students.

For Students Requiring Rent or Mortgage Support

BC COVID-19 temporary rent supplement

A temporary rent supplement for up to $500 a month is available to low to- moderate-income renters who are facing financial hardship as a result of the COVID-19 crisis, but do not qualify for existing rental assistance programs.

  • Support for renters and landlords include a new temporary rental supplement, halting evictions and freezing rents
  • BC Housing has temporarily suspended evictions of tenants in subsidized and affordable housing

BC Rental Assistance Program

This program is open to BC renters who have at least one dependent, a gross family income of under $35,000, and have been employed at some point over the past year

Mortgage Support

Canadians who are impacted by COVID-19 and experiencing financial hardship as a result should contact their financial institution regarding flexibility for a mortgage deferral. This allows flexibility to be available − when needed − to those who need it the most.

Canada’s mortgage insurers are committed to providing homeowners with solutions to mitigate temporary financial hardship related to COVID-19. This includes permitting lenders to defer up to six monthly mortgage payments (interest and principal) for impacted borrowers. Deferred payments are added to the outstanding principal balance and subsequently repaid throughout the life of the mortgage.

For Domestic Students Applying For Or In Receipt of Government Loans and Grants

Additional Canada Student Loans and Grants Measures

The federal government will broaden eligibility for student financial assistance by removing the expected student/spousal contributions in 2020-21

  • Adjustments are also expected with regard to parental income
  • The Canada Student Loans Program will be enhanced by raising the maximum weekly amount from $210 to $350 in 2020-21

Doubling Canada Student Grants

The federal government will double the Canada Student Grant for all eligible students, up to $6,000 for full-time students and up to $3,600 for part-time students in 2020-21. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents will also double.

Government Student Loans and Grants

Canadian citizens, Permanent Residents, and Protected persons can apply for a variety of programs including:

Moratorium on Repayment of Canada Student Loans

To support student and apprentice loan borrowers during the COVID-19 pandemic, the Government of Canada is putting the following measures in place from March 30 to September 30, 2020:

  • Suspension of repayments of Canada Student Loans and Canada Apprentice Loans
    • No payments are required on student and apprentice loans during this time
    • Pre-authorized debits will be stopped
  • No interest will accrue on student and apprentice loans

Visit the NSLSC or CALSC website for more details.

Moratorium on Repayment of BC Student Loans

Starting March 30, 2020, B.C. student loan payments are automatically frozen for six months.

Provincial Tuition Waiver Program for Former Youth in Care

The Provincial Tuition Waiver Program supports B.C. students who are former youth in care who are attending either full-time or part-time studies at a B.C. public post-secondary institution.

Youth Education Assistance Fund for Former Youth in care (YEAF)

This program provides grants up to $5,500 per program year to former B.C. youth in care students between 19 and 24 years of age. Students may receive a maximum of four grants.

Other Assistance Programs

BC Hydro COVID19 Customer Assistance Program

BC Hydro customers can defer payments, access grants and receive three months of free credit to help pay their hydro bills

ICBC Payment Deferment

Customers on a monthly payment plan who are facing financial challenges due to COVID-19 may defer their payment for up to 90 days with no penalty.

Supporting Indigenous Learners

The federal government will increase existing distinction-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education by providing an additional $75.2 million in 2020-21.

FortisBC Covide-19 Customer Recovery Fund

Customers who are unable to work or have lost their livelihood, and small businesses that that have experienced income loss or been forced to close as a result of the COVID-19 outbreak, can receive assistance from FortisBC. Eligible candidates can apply for the fund on the Fortis BC website.

 

 

For more information about Canada’s COVID-19 Economic Response Plan, please visit: Canada's COVID-19 Economic Response Plan

 

For more information about B.C.’s Response to COVID-19, please visit: B.C.'s response to COVID-19