B.C. Finance Minister Carole James announced a new post-secondary grant during the revealing of the provincial government’s 2020 budget. (Tom Fletcher/News Staff)

Budget 2020: B.C. unveils new grant for students, phases out debt-relief program

For the first time, diploma, certificate students qualify for yearly post-secondary grant

The B.C. government’s 2020 budget includes the first new post-secondary grant in 15 years.

The BC Access Grant will replace a series of debt-relief completion grants for students, the provincial government unveiled in its latest budget on Tuesday.

The new grant will offer $1,000 annually for “immediate support” for students in degree, diploma and certificate programs.

The provincial grant coincides with the Canada Access Grant, together offering up to $4,000 per year per student.

READ ALSO: 800 former youth in care are using B.C.’s free post-secondary tuition program

The expansive grant will be funded with reinvested money from completion grants, which provided roughly $3,400 per year on average to about 20,000 students in the highest-cost degree programs.

The province is investing an additional $24 million over three years into the new access grants, spread among more than 40,000 college and university students.

Recipients will qualify entirely on household income with a mission to open doors for low and middle income families. This follows the 2019 decision to eliminate interest on B.C. students’ loans and other post-secondary initiatives, including the free tuition for former youth in care.

Notably, the new grant also opens to doors to shorter programs – less than two years in length – as well as part-time students.

The government’s 2019-2020 budget includes a $203-million surplus with key changes including higher tax revenues and lower refundable tax credits.

READ ALSO: Students give two thumbs up to no more B.C. student loan interest



nina.grossman@blackpress.ca

Follow us on Instagram
Like us on Facebook and follow us on Twitter.

B.C. Budget 2020

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Campbell River’s Seawalk, trails still open but proper social distancing urged

City issues reminder about safe use of trails and green space

Roadside message of gratitude erected

On her way to work this morning, Lowene Baxandall got a pleasant… Continue reading

Inside Campbell River’s Emergency Operations Centre

Centre dictates how city responds to COVID-19

Campbell River planning desk remains open

Email or telephone only for planning, approval and engineering

‘We will get through this’: B.C. sees new COVID-19 death, but 57% have recovered

A total of 1,066 people have tested positive for the novel coronavirus

Couple celebrates 61st anniversary through Vancouver Island seniors’ home window

Frank and Rena Phillips marked occasion at Nanaimo Seniors Village this week while social distancing

A look at some of the B.C. inventors creating life-saving tools in fight against COVID-19

Groups across B.C. are working together to create what they hope will help people affected by the pandemic

Association launches French-language games, online tools for families learning at home

Games, culture and vocabulary included in new virtual resources

‘There can be no ambiguity’: Travellers brought home to B.C. must self-isolate

Health Minister Adrian Dix said the mandatory isolation must be abided by

B.C. man sick with COVID-19 calls it a ‘horrible disease’

Tim Green says he has ‘extreme coughing fits every hour’ to clear his lungs

Belle from ‘Beauty and the Beast’ entertains home-bound kids in Cowichan Bay

Alora Killam, 16, played the part in musical two years ago

55+ BC Games cancelled amid COVID-19 concerns

Greater Victoria set to host 2021 event

BC Hydro offers three-month bill ‘holiday’ for those affected by COVID-19

Industrial customers can defer half of their power bills

Most Read