Financial aid for Post-Secondary Students

Michelle Mak Community, COVID-19, Newcomer Information, Updates

Prime Minister Justin Trudeau announced on May 13, 2020 that there will be $9 billion in financial aid for post-secondary students.

Students will be eligible for $1,250 a month from May through August. That sum can go up to $1,750 if the student is caring for a dependent or has a disability. The benefit is now also available to students who have jobs but are making less than $1,000 a month. Students can start applying for the benefit starting this Friday, May 15, 2020.

The prime minister also announced the federal government is doubling student grants for eligible students — up to $6,000 for full-time students and up to $3,600 for part-time students.

Other measures announced for students today include:

  • Raising the maximum weekly amount that can be provided through the Canada student loans program in 2020-2021 to $350 from $210.
  • More than $75 million in additional supports for Indigenous post-secondary students.
  • Another $291 million for federal granting councils to extend expiring federal graduate research scholarships and post-doctoral fellowships and supplement existing federal research grants.

For more information, please visit https://www.cbc.ca/news/politics/trudeau-students-financial-aid-1.5540814