Living Cost

A young person stressed out looking at bills
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Student aid should match cost of living

Peak Web May 24, 2026

By: Corbett Gildersleve, Opinions Editor Many university students get student loans to help pay for their education and living expenses. According to StudentAid BC, monthly living allowance covers shelter, food, local transportation, and miscellaneous expenses. This amount is set by what the federal government considers a “moderate” standard of living, though it’s unclear how this is estimated. There are multiple categories based on whether you’re a single student living at or away from home, if you’re married, and/or have children, each with their own allowances. If you’re living away from home in BC, the monthly allowance is $2,423. However, this…

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