Purpose
This policy outlines the repayment terms for students receiving financial assistance through the Student Aid BC (SABC) program who are withdrawing, dismissed, or completing their studies at Pacific Link College.
1. Scope
This policy applies to all students who:
• Are receiving or have received funding from SABC during their enrollment.
• Withdraw from, are dismissed from, or complete their program at Pacific Link College.
2. Repayment Conditions
2.1 Withdrawal or Dismissal
• If a student withdraws or is dismissed, repayment responsibilities to SABC begin immediately.
• The institution will report the student’s enrollment status change to SABC within 30 days.
• Any tuition refunds due to withdrawal or dismissal will be calculated in accordance with Pacific Link College’s Refund Policy and disbursed directly to SABC to offset outstanding loan balances.
2.2 Program Completion
• Students who complete their program are required to begin repayment of their SABC loan within six months after their program ends. This is known as the “grace period.”
• Interest begins to accrue the day after the grace period ends unless the student applies for interest-free status.
3. Repayment Process
3.1 Tuition Refunds
• Tuition refunds are calculated based on the Refund Policy and sent directly to SABC.
3.2 Outstanding Balances
• Students are responsible for any outstanding tuition, fees, or other charges not covered by SABC after refunds are processed.
3.3 Post-Withdrawal Financial Responsibility
• Students who withdraw or are dismissed are responsible for updating their contact information with SABC.
• Students must contact SABC to confirm repayment arrangements.
4. Institutional Responsibilities
• Report all enrollment changes to SABC within 30 days.
• Provide students with documentation of refunds applied to their SABC loan.
• Inform students about their financial obligations and SABC repayment terms upon withdrawal, dismissal, or program completion.
5. Student Responsibilities
• Maintain contact with SABC during and after enrollment.
• Understand repayment obligations and comply with SABC repayment terms.
• Notify SABC of any changes in contact information or financial circumstances affecting repayment ability.
6. Appeals
Students may appeal decisions regarding refunds or repayments through the institution’s appeals process. Appeals must be submitted in writing within 30 days of the institution’s decision.
7. Compliance
Failure to comply with repayment obligations can result in:
• Negative credit reporting.
• Ineligibility for future SABC funding.
• Collection actions by SABC or its agents.
8. Support Services
Students requiring assistance with understanding their repayment obligations or financial planning can contact Pacific Link College’s Financial Aid Office or SABC directly.
Contact Information:
Finance Department – 604-439-9255, finance@plvan.com