The Honourable Diane Finley, Minister of Human Resources and Skills Development, announced the Harper government is taking steps to increase the accessibility and affordability of post-secondary education. The low- and middle-income thresholds for Canada Student Grants and part-time Canada Student Loans and Grants have been adjusted to allow more students to qualify for financial assistance for the 2013-2014 school year.
"Our government is helping Canadians get the education, skills and experience they need for jobs in high-demand fields," said Minister Finley. "We are taking action so that youth have the knowledge and opportunities they need to fully transition into the labour market."
The Harper government invests significant funding in education and training to connect Canadians with available jobs. Over $10 billion annually is invested by the Government in support of post-secondary education, which includes providing students with financial assistance such as Canada Student Loans and Canada Student Grants. In the 2011-2012 school year, approximately 450 000 post-secondary students received $2.4 billion in Canada Student Loans and more than 335 000 students received $647 million in Canada Student Grants.
The low- and middle-income thresholds, used to assess eligibility for Canada Student Grants and part-time Canada Student Loans and Grants, have been adjusted for the 2013-2014 school year. This change will allow more students to qualify for financial assistance and will come into effect August 1, 2013.
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