The federal government has announced a number of financial support measures for post-secondary students and recent graduates.
These include a Canada Emergency Student Benefit, which will provide support to students and new graduates who are not eligible for the Canada Emergency Response Benefit. This benefit, which will be available from May to August 2020, will provide $1,250 per month for eligible students or $1,750 per month for eligible students with dependents or disabilities.
Other announced measures to support students include:
- A Canada Student Service Grant which will provide up to $5,000 to students who engage in National Service employment (May to August 2020)
- Creating up to 116,000 jobs, placements and other training opportunities for students
- Doubling the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21
- Enhancing the Canada Student Loans Program
- Increasing support for First Nations, Inuit and Métis Nation students
On May 13, 2020, the federal government announced that the application period for the Canada Emergency Student Benefit will begin on Friday May 15, 2020, and that students who are able to work must be actively looking for a job in order to be found eligible for the benefit.
More information about the Canada Emergency Student Benefit can be found here.