Canada Emergency Student Benefit (CESB): This benefit will provide $1,250 per month from May through August for eligible students, and $2,000 for students with dependents or disabilities.
The final eligibility period for the CESB is August 2 to 29, 2020. All applications must be submitted before September 30, 2020.
Applications can be accessed by clicking here.
Student Loans: A six-month interest-free moratorium on the repayment of Canada and Ontario Student Loans for all individuals currently in the process of repaying these loans has been put into place.
In addition, to help students continue their studies in the fall, the government will:
- double 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.The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
- broaden eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-21, in recognition that many students and families will struggle to save for school this year.
- enhance the Canada Student Loans Program by raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350.
- increase existing distinctions-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education by providing an additional $75.2 million in 2020-21.
- extend expiring federal graduate research scholarships and postdoctoral fellowships, and supplement existing federal research grants, to support students and post-doctoral fellows, by providing $291.6 million to the federal granting councils. In addition, the government intends to enhance work opportunities for graduate students and post-doctoral fellows through the National Research Council of Canada.
Canada Summer Jobs: We will now give CSJ employers a subsidy of up to 100% to cover the cost of hiring students. We will also extend the timeframe for a job placement until the winter because we know that some jobs will start later than usual, and because many businesses have had to scale back their operations, they will be able to hire a student part time.
Kids Help Phone: The Government of Canada will give $7.5 million in funding to Kids Help Phone (1-800-668-6868) to provide young people with the mental health support they need during this difficult time.