During this week’s Provincial Budget announcement, Finance Minister Carole James announced a new program to help BC students pay for their post-secondary education.
The BC Access Grant will provide up to $4,000 for students in post-secondary programs to help with tuition costs.
“With tuition fees at an all-time high, student debt in BC continues to grow as students and their families struggle to afford the education they need to enter the workforce,” said Tanysha Klassen, Chairperson of the BC Federation of Students (BCFS). “The BC Access Grant will help students access not only four-year programs but certificate and diploma programs that are key for many aspects of the workforce.”
The BC Access Grant will be $41 million annually, which is projected to assist 40,000 students each year; it will be funded through a combination of reinvestments of existing assistance measures and a new investment of $24 million over three years. Complementing the Canada Access Grant, the BC Access Grant will ensure eligible students receive as much as $4,000 in non-repayable financial aid in each year of their studies.
On Twitter: @Q101Merritt