The Canadian government has announced an extension of the financial support package for post-secondary students during the 2026\u20132027 academic year, along with additional increases in grant amounts and higher loan caps, in a move aimed at easing living costs and improving access to higher education in the country. <\/p>\n\n
The decision comes under Canada<\/a>\u2019s student financial assistance program, which provides non-repayable grants and educational loans to eligible students, whether full-time or part-time, in cooperation between the federal government and Canadian provinces.<\/p>\n\n According to the official announcement, a 40% increase in non-repayable student grants will remain in place, benefiting low- and middle-income students, as well as students with disabilities and those supporting families. <\/p>\n\n The maximum weekly student loan<\/a> limit has also been raised from CAD 210 to CAD 300, allowing students to access additional funding to cover education and living expenses. <\/p>\n\n Estimates suggest that these adjustments will benefit hundreds of thousands of students, with more than 571,000 students expected to gain from the increased grants, along with hundreds of thousands benefiting from the higher loan ceiling. <\/p>\n\n The government confirmed that the continuation of these increases is part of a broader policy aimed at improving the affordability of education in Canada and supporting students in facing rising living<\/a> and study costs<\/a>. <\/p>\n\n It also stated that these measures are part of investments worth approximately CAD 1.2 billion to support higher education and ensure greater access to academic opportunities. <\/p>\n\n According to the details, these adjustments will remain in effect throughout the 2026\u20132027 academic year, following previous extensions under temporary support programs introduced in recent years. <\/p>\n\nIncrease in student grants and loans in Canada<\/mark><\/h2>\n\n
Supporting affordability of education in Canada<\/mark><\/h2>\n\n