News

Students return to class with reduced student debt

ST. JOHN’S—The Newfoundland and Labrador Student Grant program has been expanded this fall, reducing student debt and improving the lives of thousands of Newfoundlanders and Labradorians.

“Thousands of students returning to campuses across Newfoundland and Labrador could not be happier with the province’s move to eliminate provincial student loans,” said Travis Perry, Newfoundland and Labrador Chairperson of the Canadian Federation of Students. “At a time when 95 percent of net new jobs require post-secondary education, the provincial government has understood the need to get more students from diverse socioeconomic backgrounds the training and skills they need.”

The up-front, need based grants program was established in 2007. It’s estimated that once the program is fully expanded to replace student loans, average student debt in the province will have decreased by almost $12,000 dollars. Currently, a student is eligible to receive up to $40 per week in the form of a provincial loan, with up to a further $100 per week as an up- front, non-repayable grant.

“By listening to students and maintaining the tuition fee freeze while expanding the grants program, the Government of Newfoundland and Labrador is ensuring that our province remains the leader in post-secondary education in Canada,” said Perry. “Reducing student debt will have a positive impact on students, our families, and the province as a whole.”

The Canadian Federation of Students-Newfoundland and Labrador represents every public post-secondary student in Newfoundland and Labrador.

-30-

For further information, please contact:

Travis Perry, Newfoundland and Labrador Chairperson 709.737.3204 (office), chair@cfs-nl.ca


SHARE THIS CAMPAIGN    Share on Facebook Share on Twitter