Types of Financial Aid
There are many types of financial aid available to CBC students. Here is a list & glossary of
information
Grants - money given to a student for educational expenses. Grants do not need to
be paid back.
Scholarships - funds awarded in recognition of academic achievement
Bursary - funds awarded on the masis of need. Satisfactory academic perfomance is
usually required.
Loans - Money awarded to a student for education expenses. Loans must be
repaid.
Interest - Free Loan - a loan that must be re-paid without any
interest being charged (loans from family members or special organizations)
Low-Interest Loans - a loan that has a small interest charged in addition to repaying
the principal (canada or StudentAid BC loans)
Regular Loans or Line of Credit - Usually a loan from the bank with either a fixed
or variable interest rate.
For more information contact the Financial Aid Office
Financial Aid Homepage
