ALBERTA POST SECONDARY INSTITUTIONS
- Effective immediately, student attendance at post-secondary institutions is prohibited until further notice.
- The government will also be working with post-secondary institutions to ensure that these extraordinary circumstances do not prevent students from being eligible for admission to post-secondary studies for the upcoming school year.
- Effective March 30, the government is placing a six-month interest-free moratorium on the repayment of Canada Student Loans for all student loan borrowers. No payment will be required and interest will not accrue during this time.
- Students do not need to apply for the repayment pause.
- Learn more about the moratorium on the repayment
- Alberta Student Aid information: https://studentaid.alberta.ca/
Changes to the Canada Student Loans Program
- The federal government is proposing changes to the Canada Student Loans Program (CSLP) to allow more students to qualify for support and be eligible for greater amounts.
- The changes would include:
- – doubling the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
- – broadening eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-21.
- – raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350.
- More details to come.
CANADA EMERGENCY STUDENT BENEFIT
- It would provide support to students and new graduates who are not eligible for the Canada Emergency Response Benefit.
- This benefit would provide $1,250 per month for eligible students or $1,750 per month for eligible students with dependents or disabilities.
- The benefit would be available from May to August 2020.
- More details, including how to apply, will be released soon.
CANADA SUMMER JOBS PROGRAM
- Canada’s small businesses increasingly depend on the employment of young Canadians. The changes to the Canada Summer Jobs program will help small businesses hire and keep the workers they need so they can continue to deliver essential services.
- The temporary changes to the program for this year include:
- – an increase to the wage subsidy, so that private and public sector employers can also receive up to 100 percent of the provincial or territorial minimum hourly wage for each employee
- – an extension to the end date for employment to February 28, 2021
- – allowing employers to adapt their projects and job activities to support essential services allowing employers to hire staff on a part-time basis
- More info: https://www.canada.ca/en/employment-social-development/services/funding/canada-summer-jobs/temporary-flexibility.html
CANADA STUDENT SERVICE GRANT
- Will help students gain valuable work experience and skills while they help their communities during the COVID‑19 pandemic
- Students who choose to do national service and serve their communities, the new Canada Student Service Grant will provide up to $5,000 for their education in the fall
- More details to come
STUDENT WORK PLACEMENTS
Find out more information about federal student work placements:
The federal government has also announced they will:
- double the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
- broaden eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-21, in recognition that many students and families will struggle to save for school this year.
- enhance the Canada Student Loans Program by raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350.
- increase existing distinctions-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education by providing an additional $75.2 million in 2020-21.
- extend expiring federal graduate research scholarships and postdoctoral fellowships, and supplement existing federal research grants, to support students and post-doctoral fellows, by providing $291.6 million to the federal granting councils. In addition, the government intends to enhance work opportunities for graduate students and post-doctoral fellows through the National Research Council of Canada.