c)
For full-time admitted students requesting and needing 100% tuition support, the remainder of support will come in the form of a tuition waiver. A student will only receive a tuition waiver as long as they are fulfilling the requirement of an on-campus work/study job.
d) Any adjustments to tuition support (a student dropping a course) will first affect the tuition waiver if it has been granted, then the work/study portion if granted, and finally the tuition bursary portion. e)
In all cases, tuition support will not exceed actual tuition charged in any academic year.
f)
Regarding assets: The school expects that cash savings, investment income and cashable resources such as GIC’s and investments will be included as income on their application form and will be taken into account in calculating need based on the gap between income and expenses. The school does not expect students to cash RRSPs/IRAs and other international registered retirement savings, or sell or mortgage their home before applying for student aid.
h) Rather than applying each term, VST students who are registered for the full academic year may apply once for the full year. A budget update form will be required for each term subsequent to the initial term of application. NOTE: A new application is required each school year. j)
Bursaries are granted only for tuition credit in the specified term and cannot be deferred.
k) A Pastoral Emergency Fund is established for distribution as discretionary grant funds in emergency situations through the Financial Aid Officer. Emergency grants may not exceed $500.00 for any particular student in an academic year. Thanks All students receiving funds from named bursaries are asked to thank the donor in a personal note, sharing their experience at VST and their educational progress. This small gesture encourages donors to continue giving. Where there is a living donor, their name and address will be included in bursary letter sent to students informing them of their bursary each term. Students who have received financial aid are also expected to attend any Donor Appreciation events (normally held once/year). Many donors attend and enjoy meeting VST students face-to-face. Bursaries for Continuing Education Courses and Workshops – Lay Applicants Lay people wishing to audit a VST Continuing Education course or workshop can apply for a tuition bursary covering either 25% or 50% of the tuition fees, depending on their level of need. Bursaries must be applied for at the time of registration. For any Continuing Education registrant, up to $ 200 in tuition bursaries are available over the course of the fiscal year (May to April) as funds are available. Federal and Provincial Government Loans Canadian students must enroll in a minimum of 9 credit hours per term over the loan period. If you are a resident of BC, you can apply for student loans at www.aved.gov.bc.ca/studentaidbc. If you are a Canadian student from outside BC, you can apply for student loans through the province where you have lived for a minimum of twelve consecutive months, excluding time spent in full-time studies. Search for your province at www.canlean.ca The Vancouver School of Theology code for this application is APAP. U.S. Student Loans To be eligible for aid, an American student must be registered in 18 credit hours per academic year (with no fewer than 6 credit hours in any given term of study). If you are from the United States, VST has been assigned a school code number (G30783) by the U.S. Department of Education. This designation enables students from the U.S.A. who are attending VST to apply for either a U.S. Guaranteed Student Loan or deferred payment of an existing GSL. Students must first complete the Free Application for Federal Student Aid form online at www.fafsa.ed.gov. Off-Site programming is not eligible for funding through the federal loan program, but off-site students (i.e. students in the Native Ministries Program) may apply for a private student loan through a Sallie Mae Smart Option Loan. See www.SallieMae.com for more information.
76