$9 billion in new COVID-19 funding for post-secondary students

Prime Minister Justin Trudeau today announced $9 billion in financial aid for post-secondary students

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Tag(s): Current Students

Prime Minister Justin Trudeau today announced a comprehensive support package for post-secondary students and recent graduates totalling nearly $9 billion. This plan will help provide the financial support they need this summer, help them continue their studies in the fall, and help many get the experience they need to start their careers. 

Today's annoucement includes the following news:

  • Students will be eligible for $1,250 a month from May through August. That amount can go up to $1,750 if the student is taking care of someone or has a disability
  • The benefit is available to students who have jobs, but are making less than $1,000 a month.
  • Trudeau also said students who volunteer over the summer will be paid between $1,000 and $5,000, depending on the hours they work.
  • 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.

For more details, read the full news release from Prime Minister Trudeau and the Government of Canada COVID-19 support for youth, post-secondary students, and recent graduates.

Today's annoucement builds on changes to the Canada Summer Jobs 2020 program that will create up to 70,000 jobs for students, the University's COVID-19 Emergency Financial Assistance and the Capilano Student Union's commitment of $75,000 in financial aid for CapU students. 

Submitted by: Communications