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

Elk Valley municipalities send out 2020 property taxes

2020 property tax payments, annual utility payments, and homeowner grant applications are due July 2

ERA seeks to enhance local wetlands

The ERA proposed a new project at the lastest Committee of the Whole meeting

Pay guarantee removed for some Kootenay on-call paramedics

Guarantee phased out as BCEHS introduces a new “scheduled on call” model

No active confirmed COVID-19 cases in Interior Health: BCCDC

Numbers from the BCCDC’s dashboard show 193 of the 195 COVID-19 cases in the region have recovered

RDEK urges residents to be prepared for emergencies including flooding, wildfire

The East Kootenay region has been placed on a high streamflow advisory

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Kelowna Mountie who punched suspect identified, condemned by sister

‘How did he get away with this? How is this justifiable?’

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park at large

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Introducing the West Coast Traveller: A voyage of the mind

Top armchair travel content for Alaska, Yukon, BC, Alberta, Washington, Oregon and California!

No charges to be laid against 22 northern B.C. pipeline protesters

Twenty-two people were arrested in February, but Crown has decided not to pursue charges

Plan in place for BC Ferries to start increasing service levels

Ferry corporation reaches temporary service level agreement with province

B.C. starts to see employment return under COVID-19 rules

Jobless rate for young people still over 20% in May

Most Read