Prime Minister Justin Trudeau announced a $9-billion fund for students across Canada on Wednesday.
Link: Government Press Release
It will consist of a $1,250 monthly payment for post-secondary students that will run May to August, a time when many of us would be working summer jobs.
The benefit can increase to $1,750 for those with disabilities or for those who care for other people.
The federal government will be doubling the student grants that it gives out for the 2020-21 school year – this does not impact provincial grants.
Who is eligible? Students who are continuing studies this fall, are in school right now, starting this fall or who graduated in December 2019. Also, students who are currently working and earning less than $1,000 a month can apply.
NOTE: This needs to be passed in parliament, meaning that this has not yet been implemented and you cannot apply yet. Stay tuned to the news or my social media and I will let you know when you can apply!
The government is:
Creating an additional 76,000 jobs for young people in sectors that need an extra hand right now, or that are on the frontlines of this pandemic.
Investing more than $291 million to extend scholarships, fellowships, and grants for three or four months.
Launching a new Canada Student Service Grant of between $1,000 and $5,000 for students volunteering in the COVID-19 fight.
Providing more than $75 million to specifically increase support for First Nations, Inuit, and Metis Nation students.