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Budget officer says Liberals’ student aid revamp may cost more than estimated
OTTAWA — The parliamentary budget office is estimating that the Liberals’ revamped student-aid package could end up costing half-a-billion dollars more than government expects.
The Liberals proposed a sweeping package in the April budget to ease student loan costs and expand a non-repayable grant program for tens of thousands of post-secondary students and recent graduates.
In all, the budget estimated the various measures combined would cost just over $4.5 billion over five years.
The most expensive portion was the doubling of Canada Student Grants to students from low-income households until July 2023, which carries a cost of just over $3.1 billion.