Changes to the Canada Student Loans Program
Changes to Canada Student Grants and Loans have been introduced so students facing financial challenges from COVID-19 can access and afford post-secondary education.
Pending government approvals, the new measures will come into effect on August 1, 2020 and be available to students for 1 year.
Doubling of Canada Student Grant amounts
In response to increased need for the coming 2020 to 2021 school year, the maximum amount of Canada Student Grants will be doubled.
The Canada Student Grant for Full-Time Students will increase up to a maximum of $6,000 and the grant for part-time studies to $3,600. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependants will also be doubled.
Find more information on the Canada Student Grants and Loans.
Exemption from student and spousal contribution
For the 2020 to 2021 school year, students will not be required to make their fixed student contribution; no spousal contribution would be required either.
This will ensure that more students with need can qualify for more financial support.
Increasing the cap on Canada Student Loans
For the 2020 to 2021 school year, the weekly maximum loan limit will increase from $210 to $350.
Where to apply
Apply for the latest measures with your province or territory of residence.