B.C. Government increases student financial aid

PRINCE GEORGE — The province has announced that post secondary students will soon have access to increased financial aid.

Starting August 2023, this will be the first increase to weekly student loan maximums since 2006. After making student loans interest-free in 2019, the B.C. government is increasing financial assistance available to students from 110 dollars to 220 dollars per week for single students and from 140 dollars to 280 dollars per week for students with dependants.

Students applying for student financial assistance will automatically be considered for the BC Access Grant, which provides as much as $4,000 per year to students with middle and low incomes at B.C.’s public post-secondary institutions. Selina Robinson, Minister of Post-Secondary Education and Future Skills says that this is an immediate-term action to make education more accessible.