NL replaces provincial student loans with non-repayable grants

August 5, 2015

Newfoundland and Labrador has replaced provincial student loans with non-repayable grants, reports the CBC. Students will still be responsible for repaying the federal portion of the loans, but the 40% provincial portion will now be a grant. The NL government predicts that 7,000 students will be eligible for the grants, which are expected to cost the provincial government more than $50 M over the next four years. The 2015 provincial budget included $12.6 M for the initial implementation of the program. CBC