Post-secondary education is one of Canada's most important long-term investments. Ensuring that Canadians can gain the skills and qualifications they need to get good jobs, in high-demand sectors, is key to creating a more competitive workforce.
Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario reaffirmed the government's commitment to affordability and lowering costs for Canadians by extending temporary increases to the Canada Student Financial Assistance grants and loans for the 2026-27 academic year.
Maintaining the 40% increase to grants for full-time students, part-time students, students with disabilities and students with dependants, and the Canada Student Loan limit increase from $210 to $300 per week of study will continue to help make post-secondary education affordable for students.
During the 2026-2027 academic year, approximately 571,000 Canadian students are expected to benefit from the 40% increase to non-repayable grants. Additionally, 422,000 students could benefit from the weekly loan limit increase, which provides students interest-free loans from the Government of Canada.
Through these measures, the Government of Canada is investing close to $1.2 billion in financial aid to keep post-secondary education accessible and help students make high-quality investments in their development and success.
