The Honourable Christopher Mitchelmore, Minister of Advanced Education, Skills and Labour, announced enhancements to the Provincial Student Loans Program for the 2020-21 academic year.
These provincial enhancements align with recent changes to the federal Canada Student Loans Program and help mitigate the impacts that the COVID-19 public health emergency is having on students. They include:
- Increasing the weekly loan limit to $100 per week of study from $40, bringing the combined provincial loan and grant weekly limit to $200; and,
- Exempting student and spousal contributions when assessing applications for provincial student aid.
Further details about these measures are provided in the backgrounder.
The exact date for the launch of the 2020-21 student aid application is not finalized. The Department of Advanced Education, Skills and Labour will make public announcements when the application is available. Updates will be posted on the Provincial Student Aid website.
For the most up-to-date information related to COVID-19, please visit www.gov.nl.ca/covid-19. For general inquiries related to available government services, please email covid19info@gov.nl.ca.
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"We recognize the impacts that COVID-19 has had on students and we are committed to collaborating with the Federal Government to provide assistance. The combined effects of these enhancements to the Provincial Student Loans Program and the Canada Student Loans Program will ensure post-secondary students have access to much needed financial assistance in these unprecedented times."
Honourable Christopher Mitchelmore
Minister of Advanced Education, Skills and Labour
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Prince Phillip Drive
St. John's Newfoundland
Canada A1B 4J6
www.gov.nl.ca
