Help is on the way for Canadian students. The Government of Canada is preparing a CAD$9 billion support package for students adversely affected by the COVID-19 pandemic. They’re calling it the Canada Emergency Student Benefit (CESB). Applications will be open on Friday, May 15, 2020.
The CESB will provide financial support to help Canadian students continue their studies, save on their tuition, look for summer employment as well as to pay for bills.
WHAT IS CESB?
The CESB will provide CAD$1250.00 per month to Canadian students from May 2020 to August 2020.
Canadian students with disabilities, as well as Canadian students with dependents will receive CAD$1750.00 per month from May 2020 to August 2020.
The CESB will benefit an estimated 1 million Canadian students.
WHO IS ELIGIBLE FOR THE CESB?
The CESB will be available to Canadian students who are currently enrolled in a post-secondary educational program (including certificate, degree and diploma programs).
Canadian students who graduated before December 2019 are also eligible to apply for the CESB.
Canadian students who have graduated secondary school and have applied for and are willing to join post-secondary programs in the near future are also eligible to apply for the CESB.
Canadian students who are studying abroad who meets the aforementioned criteria are also eligible to apply for the CESB.
Students must prove that they are actively looking for employment in order to receive the CESB.
WHEN IS CANADA EMERGENCY STUDENT BENEFIT OPEN FOR APPLICATION?
Applications for the CESB is scheduled to open in May and will be done through the Canada Revenue Agency (CRA).
STUDENT LOAN PROGRAM EXPANDED
Over 700,000 Canadian students benefit from the Student Loan Program, which is expanding to add over 60,000 more students.
Canadian students will be eligible for more financial aid, including more than twice the number of Canada Student Grants for full-time and part-time students, students with disabilities and students with dependents.
WHAT KIND OF JOBS ARE AVAILABLE THROUGH THE CANADA SUMMER JOBS PROGRAM?
The Government of Canada’s Canada Summer Jobs Program will now include increased wage subsidies to help Canadian employers hire more students.
The Canada Summer Jobs Program will provide over 70,000 jobs for students in 2020-2021.
The Government of Canada is has allocated CAD$80 million for its Student Work Placement Program which will support more than 20,000 post-secondary students so that they can get paid work experience which is related to their current field of study.
More than 14,700 Canadian students will benefit from the Supports for Student Learning Program which the Government of Canada is providing CAD$15 million in funding. The program will help Canadian students complete high school and prepare for post-secondary schooling.
There’s also the Innovation, Schience and Economic Development, which the Government of Canada is spending CAD$40 million to help Miracle create 5,000 jobs for Canadian students.
Meanwhile, the Business/Higher Education Roundtable (BHER) is looking to create up to 10,000 new student placements with existing funding from the Government of Canada.
Canadian students can also apply for the Canada Student Service Grant, which will provide eligible applicants with CAD$5,000.00 as financial aid to support post-secondary education in the fall.
GRADUATE STUDENTS ALSO ELIGIBLE FOR FINANCIAL AID
Over 40,000 student researchers will benefit from CAD$291.6 million worth of grants which will be distributed by federal granting councils to post-doctoral fellows.
The funding will support one semester extensions to eligible Canadian students whose research scholarships or research fellowships are scheduled to end between March 2020 and August 2020. Students must intend to continue their studies.
Eligible trainees and staff who currently benefit from federal research grants will also be provided with a 3-month extension in funding.
The Government of Canada has made an additional CAD$7.5 million for student and post-doctoral research placements with the National Research Council.
INTERNATIONAL STUDENT WORK RESTRICTIONS TEMPORARILY LIFTED
International Students will be allowed to work more than 20 hours per week while classes are in session, provided that the work is classified as an essential service or function.
This includes jobs in health care, critical infrastructure, as well as other essential roles.
Qualified international students can work more than the maximum 20 hours weekly only until August 31, 2020.
FOR MORE INFORMATION ABOUT THE CESB
Go to the official Canada Revenue Agency (CRA) website at: https://www.canada.ca/en/revenue-agency/services/benefits/emergency-student-benefit.html
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