These loans are calculated with the following equation:
Cost of Attendance – Financial Support = Eligible Funding
Cost of Attendance
UBC determines your Cost of Attendance using the tuition costs provided by your program and your living costs as a single student away from home, which is based closely on the Moderate Standard of Living by BC’s student loan provider.
Financial support
Financial support includes any awards, scholarships and loan funding you are receiving, such as Canadian Student Loans or Direct Unsubsidized Loans. Your financial support does not include the income you have earned.
It’s important to report all of your scholarships and awards to avoid having your Direct Loans audited, reduced or returned.
Eligible funding
When calculating your eligible funding, UBC uses the yearly loan limits as well as lifetime (or aggregate) limits set by the US Department of Education to determine your eligibility for Direct Subsidized and Direct Unsubsidized Loans.
To offer you the best possible student loan package, UBC will first assess you for Direct Subsidized and Unsubsidized Loans, followed by a Parents/Grad PLUS Loan, as long as you've applied for a PLUS Loan. You may consider applying for private loans like Sallie Mae to fill any unmet need in your full cost of attendance.