As COVID-19 has had a significant impact on new and current students and recent graduates – including the transition to online studies and less available jobs – the Government of Canada has come up with a few solutions to lessen the financial burdens these individuals are currently facing.
Here’s everything you need to know about these new government funding options, available for post-secondary students and recent graduates. No matter where you are in your education, you can speak with your financial advisor or visit the Government of Canada’s website for more details on receiving financial aid.
Canadian Emergency Student Benefit (CESB)
Post-secondary students and recent graduates, who are ineligible for the Canadian Emergency Response Benefit (CERB), can now apply for this new student benefit. From May through August 2020, the CESB will provide $1,250 per month for eligible students, and $2,000 for students with dependents and those with permanent disabilities.
Canada Student Service Grant
While employment opportunities are limited, now is the perfect time to give back to your communities and provide assistance during COVID-19. With the help of the Canada Student Service Grant, students who choose to do national service and serve their communities will be eligible to receive up to $5,000* to support their education costs in the fall.
To learn more about the support the Government of Canada will be providing for post-secondary students and graduates, visit their website here.
*More details will be available in the following weeks regarding the levels of funding under the grant and how to apply for national service positions.