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  5. Improvements to the Loans and Bursaries program 2021-2022

Improvements to the Loans and Bursaries program 2021-2022

The funding for the Loans and Bursaries program will be increased by $300 million for two award years, 2021-2022 and 2022-2023. These improvements will ensure that students’ needs are met and encourage a return to studies, despite the COVID-19 pandemic.

Allowable expenses will be increased by an additional $96 per month for students who live with their parents and $205 for those who do not live with their parents.

This financial assistance will:

  • support students in the current economic climate
  • foster economic recovery and emergence from the crisis caused by COVID-19
  • encourage the pursuit of and return to studies

Eligibility for student financial assistance

You may be eligible for student financial assistance because of these improvements. You may submit an application online and transmit the required documents.

Last update: July 19, 2021

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