ADDITIONAL GRANTS AND SUPPORT FOR STUDENTS BY CANADIAN GOVERNMENT AMID COVID-19

ADDITIONAL GRANTS AND SUPPORT FOR STUDENTS

The Govt. of Canada has announced additional Grants and measures for those students so that they can continue their studies in fall. These are student’s sustainability measures in COVID-19 for future growth and their placements.

Canada’s student’s grant shall be doubled for the eligible full-time students. This is an amount of up to $6,000 and up to $3,600 for the part-time students in the year 2020-21. The announcement also doubled the grants for those students with permanent disabilities. Furthermore, for those who have dependents as well.

Another key measure is the Canada student loan program. An increase in the weekly amount for students in 2020-21. This means from $210 the new amount shall be $350 per week This is a significant rise of $140 per week which means a lot for affected students.

An extension for students undergoing research programs in the research scholarships and postdoctoral fellowships.

Provision of $291.6 million to the federal granting councils. Also, a provision of work opportunities for grad students and post-doctoral research. This shall be achieved through a body known as The National Research Council of Canada.

INTERESTING FACTS REGARDS TO THE STUDENT’S PROGRAM & SUPPORT MEASURES

A huge 700,000 grads took advantage of the Canadian student’s Loan Program and these were from all over Canada. Exceptions included Quebec and Nunavut and the Northwest territories. The 71% of the 700,000 got these grants as they stated to the Canadian Govt. that they belonged from middle-class and lower-income families. However, there shall be additional compensations that would be provided to students from Quebec, the Northwest Territories, and Nunavut.

The Govt. of Canada introduced a six month interest-free period on the 3rd Of March 2020. This was for the repayment of student loans for the ones currently under the repayment process.

Hence, for the betterment of students who are about to pass out and enter the job market. The Govt. of Canada has introduced some temporary changes to the Canada summer jobs program. This program will help in the hiring of the summer staff and help them get jobs they need during the summer. A program that will help create 70,000 jobs for the grads between 15 – 30 years old.

Author: Syed Mahmood Naqvi

Courtesy: MBE Blog