Financial Aid

StudentAid BC

StudentAid BC assist eligible students with the cost of their post-secondary education through loans, grants, bursaries, scholarships and other programs. They also provide programs for borrowers who need help repaying their loans.  

For further details, visit: www.studentaidbc.ca

Canadian Government Student Loans

Financial assistance can be obtained through the Canada student loan and provincial student loan programs. This assistance is available to Canadian citizens or landed immigrants to help finance their education. The amount that can be borrowed will depend on the student’s financial need. 
To obtain student loan application package, visit the Human Resources and Skill Development website: www.canada.ca/content/canadasite/en/services/jobs/training.html

Student Line of Credit

Many major financial institutions offer lines of credit for students enrolled in full-time programs. These lines of credit are based on eligibility and the credit limit will vary with each student. A parent or family member may be required to co-sign the line of credit.

Bank of Montreal’s Brain Money Student Line of Credit
Royal Bank’s Royal Line of Credit 
CIBC Education Line of Credit
TD Canada Trust Student Line of Credit
ScotiaLine Personal Line of Credit for Students

Lifelong Learning Plan (LLP)

Full-time students may be eligible for the Lifelong Learning Plan (LLP). This plan allows students to withdraw amounts from RRSPs to finance training or education. Eligible withdrawals under the LLP from an RRSP are tax-free and must be repaid within 10 years. For more information on the Lifelong Learning Plan, visit:
Canada Revenue Agency: www.cra-arc.gc.ca

Registered Education Savings Plan & Canada Education Savings Grant

Canadian students may be eligible to withdraw from a Registered Education Savings Plan (RESP). A RESP also allows students to apply for the Canada Education Savings Grant (CESG). These are grants from the Government of Canada that are paid to the beneficiary of an RESP. 

For more information, visit: 
https://www.canada.ca/en/employment-social-development/services/student-financial-aid/education-savings/resp.html

Retraining
Government institutions such as WorkSafeBC or ICBC provide funding to eligible candidates. Contact the appropriate institution to inquire about eligibility.

Awards and Scholarships

Les Dames d’Escoffier Scholarship

The Scholarship Committee of the BC Chapter of Les Dames d’Escoffier is a volunteer group composed of respected food and wine professionals. Each year the committee awards scholarships to women who plan to establish or further a career in the fields of food, wine, hospitality, nutrition, food technology and other related fields. Awards are based on merit, ability, commitment and passion, and may range in value between $300 and $3000.

Applications are accepted October 1st through January 31st each year and are awarded in March. Applicants must be B.C. residents. For more information, visit: lesdames.ca

Chef’s Table Society 
The Chefs' Table Society supports the advancement of students and cooks in the culinary fields via scholarships and bursaries, which are either awarded singly by the Society or in partnership with organizations that they support. For more information, visit: chefstablesociety.com

Greg King Scholarship
Greg King was a 22-year-old with a huge passion for cooking, he knew at age 10 that was what he wanted to do. His dream was to follow this passion through his life and eventually own his own restaurant. Greg had wanted to attend Pacific Institute of Culinary Arts; sadly, Greg passed away August 2014 in a car accident and was unable to fulfill his dream. His family set up this scholarship award to honor his dream and passion for cooking.

In conjunction with the BC Hospitality Foundation and Pacific Institute of Culinary Arts, the King Family is pleased to offer this exclusive scholarship to a deserving PICA student who exhibits the same passion and hard work as Greg King. 

Sponsored by: The King Family, Pacific Institute of Culinary Arts, The BC Hospitality Foundation
Value of Scholarship: $1,500 (Non-renewable & non-transferrable)
Number of Scholarships: One per annum for Spring intake date

Eligibility:
BC Residents (2 years minimum) who have applied and have been accepted into the 6 Month Culinary Arts or One Year Dual Diploma program at Pacific Institute of Culinary Arts for the 2020 Spring intake or be enrolled in either program during this time.

Criteria:

  • A minimum GPA of 2.5 on your latest high school, college or university transcript.
  • A reference letter from 2 family members or friends that know your passion.
  • Submit a 400-word essay describing:
  • Your passion for cooking and when you discovered this passion
  • Why you selected PICA
  • Where do you hope your studies will lead you?
  • What are your long and short term goals?
  • Your favourite item to cook for family and friends and why?
     

BC Hospitality Foundation Industry Scholarship
Up to three Industry Scholarships of $1000 each are available annually for children of hospitality workers who have worked in the industry for 5+ years. This is a legacy scholarship to support families in the industry.

Eligibility: Does your parent work in the food & beverage, hospitality, or culinary industry (including suppliers and distributors) for at least five years? If so, you have an opportunity to receive the BCHF Industry Scholarship Award.

Criteria:

  • GPA of 2.5 or higher on your latest transcript and if you are planning to study any hospitality diploma or degree including hotel/restaurant management, bar tending, sommelier, or culinary institutions.
  • A 400-word essay on why you want to work in the hospitality industry Academic transcripts
  • Two (2) reference letters from non-family members

 

BC Passport to Education

The BC Ministry of Education provides financial awards to secondary school students in both academic and non-academic areas. For further information, visit:

https://www2.gov.bc.ca/gov/content/education-training/k-12/support/scholarships/provincial-scholarships/passport-to-education 

Other External Scholarship & Award opportunities
http://www.studentawards.com/
http://www.scholarshipscanada.com/