Improvements to Student Aid will help 5,000 students

    Tuesday, 20 May 2025 12:01

    By Tonya Organ

    This includes an increase to weekly provincial student loan and provincial student grant limits by 20 per cent, there will be  corresponding increases for Faculty of Medicine students at Memorial University and a 20 per cent increase to loans for out of province students.

    Government has made improvements to Student Aid that will make post-secondary education more accessible. This includes an increase to weekly provincial student loan and provincial student grant limits by 20 per cent, there will be  corresponding increases for Faculty of Medicine students at Memorial University and a 20 per cent increase to loans for out of province students. These changes will allow for more students to access financial aid to support their post-secondary studies. An estimated 5,000 students accessing student aid will be impacted by these improvements to the program. The Memorial University Tuition Relief Grant will go from $345 per course to $420. There will also be a lowered program duration eligibility threshold for the NL Debt Reduction Grant Program, from 80 weeks to 60 weeks. 

    Applications for the 2025-26 program year are now being accepted. Students can apply for both federal and provincial financial assistance using just one application on the StudentAidNL website. Those pursuing post-secondary education in the fall are encouraged to apply early.

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Light snow shower

      High: 1°C | Low: -6°C

    • Deer Lake

      Light snow

      High: 1°C | Low: -7°C

    • Stephenville

      Light snow shower

      High: 1°C | Low: -7°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Municipal Infrastructure Announcement

      More than $35 Million in funding has been announced for water and sewer projects here on the west coast. Included in this is a more than $12M investment in the Curling westside reservoir.

    • Qalipu Today

      Qalipu Today, Tuesday March 25, 2026

      On this edition of Qalipu Today Chief Jenny Brake shares her experiences at the First Nations Women’s Economic Empowerment and Leadership gathering.

    • Corner Brook In Council

      Corner Brook City Council Meeting, Monday March 23, 2026

      Corner Brook City Council Meeting, Monday March 23, 2026