Youth Education Assistance Fund
The Youth Education Assistance Fund (YEAF) provides grants to 19 to 23 year olds attending university, college, a university-college, an institute or designated private school. Grants can be provided for up to four years, with the grant amount varying from year to year. For example, the grant was $5,000 for the 2005/06 school year, increasing to $5,500 for 2006/07.
Approved applicants will receive a grant cheque from the Victoria Foundation. You can apply once a year, up to a maximum of four years or until you turn 24. The money you receive can be used for tuition, books or living expenses. This is a non-refundable, taxable grant. You will get a T4A form for your taxes. You can apply and receive funds at any time during the education year.
To receive the grant, you must be attending a designated post-secondary school. The institution does not have to be in BC. A designated post-secondary school is an accredited school that has been approved by the Ministry of Advanced Education.
You must be registered in courses that are part of a program leading to a degree, diploma or certificate. This includes academic, vocational and trade programs. The program must be at least 12 weeks in length. You will have at least 60 per cent of a full time course load or 40 per cent if you have a permanent disability.
The Youth Education Assistance Fund (YEAF) makes a difference in the lives of young adults who have spent time in the care of the Ministry of Children and Family Development or a delegated Aboriginal agency.
The YEAF endowment fund is made possible by a partnership between the Ministry of Children and Family Development, the Ministry of Advanced Education and the Victoria Foundation. For more information about the Victoria Foundation, visit their website or call 250 381-5532.
We welcome feedback from youth about any part of this program. Please send your comments & ideas to: MCF.StandardsPolicy@gov.bc.ca
"I have been the recipient of both the 2003 and 2004 Youth Education Assistance Fund. This support has greatly increased the success of my pursuit of my post secondary education. I would like to personally thank everyone who had a contribution in my receiving this grant."
Melissa Finley, Oyama BC
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