The Government of Canada is extending its temporary increase to student financial aid for the 2026–27 academic year, as part of efforts to keep post-secondary education affordable.
The 40 per cent increase to Canada Student Grants will remain in place, alongside a rise in the Canada Student Loan limit from $210 to $300 per week of study. The changes apply to full-time and part-time students, including those with disabilities and dependents.
More than 570,000 students are expected to receive the enhanced non-repayable grants this year.
Members of Parliament say, “strengthened student grant and loan supports play an important role in helping them pursue their goals, develop their talents, and stay focused on their education. Ensuring that students have access to the resources they need supports not only their success, but also a strong and resilient workforce at a moment when their contributions matter more than ever.”
The federal government says the measures represent an investment of nearly $1.2 billion in student financial assistance across nine provinces.
The Canada Student Loan Forgiveness benefit is now available to a wider range of professionals, including doctors, nurses, early childhood educators, dentists, dental hygienists, pharmacists, midwives, teachers, social workers, personal support workers, physiotherapists, and psychologists.
Chair of the Canadian Alliance of Student Associations, Abdul Abbasi, says “this temporary extension of student assistance levels is a meaningful step forward and reflects the advocacy of the Canadian Alliance of Student Associations and students nationwide.”
