Channels
× Select City
×
×
×
News

Canada student loans available for courses lasting 34 weeks

D8d194f40cb13417f79d4d8daee34fdb?s=96&d=mm&r=g
DH Vancouver Staff Apr 08, 2015 7:33 am

The federal government has made major changes to Canada’s student loan program by expanding the eligibility of its financial assistance program.

Prime Minister Stephen Harper was in Vancouver yesterday to announce that individuals enrolled in short-duration educational programs can apply and receive student loans.

Currently, students are only eligible to receive student loans if they take post-secondary programs that last a minimum of 60 weeks, but changes have been made to allow students to receive loans for courses running at least 34 weeks.

The changes will increase the accessibility of post-secondary education for low- and middle-income families and assist Canadians with acquiring or upgrading their skills to enter the workforce.

[am2_see_also]

It is estimated that these eligibility changes would increase the reach of the student loan program by 42,000 additional students per year. The changes go into effect during the upcoming 2016-17 academic year.

“Our Government’s top priority remains creating jobs and opportunities for Canadians,” said Harper in a statement.

“By expanding the eligibility of Canada Student Grants for students from low- and middle-income families to include short-duration programs, Canadians across the country will have more access to the skills and training they need to get good jobs and succeed in the job market.”

The federal government spends $10 billion annually on post-secondary education programs, which includes student financial assistance programs.

During the 2012-13 academic year, approximately 357,000 students received $695 million in Canada Student Grants – an increase of 6.1 per cent over the previous year.

Dh newsletter logo

Get direct access to our top weekly content, contests, and perks.


D8d194f40cb13417f79d4d8daee34fdb?s=96&d=mm&r=g
DH Vancouver Staff
Daily Hive is the evolution of Vancity Buzz, established in Vancouver in 2008. In 2016, the publication rebranded and opened newsrooms in Calgary, Toronto, and Montreal. Send story tips to [email protected]

© 2018 Buzz Connected Media Inc.