Provincial Government Improves Student Aid
Enhancements to Alberta’s student aid program will make it easier for post-secondary learners to reach their goals and become the province’s leaders of tomorrow.
Changes to the program include the introduction of a flat-rate contribution of $1,500 (reduced to zero for single parents); elimination of savings, RRSP, part-time earnings or parental contributions in determining loan eligibility; and new grants designed to encourage students to graduate and remain in Alberta.
The new completion grants replace the previous remission program designed to ease a student’s debt load on graduation. They will provide students who have loans with grants of between $1,000 and $2,000 upon graduation. In addition, a new retention grant will provide graduates who work in Alberta for three years in essential occupations with an additional $1,000. Professions included in the program will be announced at a later date.
All programs will be effective August 1.
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