NS commits nearly $43 million to make PSE more affordable

April 5, 2011

As outlined in the Nova Scotia government's 2011 budget, tabled yesterday, the province will invest $42.5 million to make higher education more affordable. The government states it will keep tuition below the Canadian average by earmarking $30 million in student bursaries to replace the expired Nova Scotia University Bursary Trust, a move that will continue to provide a tuition reduction of $1,283 for Nova Scotia students studying in the province. The government is also introducing the province's first student-loan debt cap. Students will see up to a 35% reduction in total debt under the new $28,560 maximum debt cap. Nova Scotia will increase the loan-to-grant ratio from 20% to 30%, so students accessing provincial loans will now receive up to $612 annually in additional grants. The government will increase the in-study earnings exemption on student loans from $50 to $100 a week, and increase the amount allowed for book purchases from $1,000 to $1,500. Budget Speech