Alberta announces changes to student-aid program

February 14, 2012

The Alberta government announced Monday enhancements to its student-aid program to make it easier for PSE students to reach their goals. Changes include the introduction of a flat-rate contribution of $1,500 (reduced to zero for single parents); elimination of savings, RRSP, part-time earnings or parental contributions in determining loan eligibility; and new grants designed to encourage students to graduate and remain in Alberta. Replacing the previous remission program designed to ease a student's debt load on graduation, the new completion grants will provide students who have loans with grants of between $1,000 and $2,000 when they graduate. A new retention grant will provide graduates who work in the province for 3 years in essential occupations with an additional $1,000. Professions included in the program will be announced at a later time. All programs will come into effect on August 1. Alberta News Release