ottawa, ontario, April 16, 2024 /CNW/ – Today, Minister of Finance Chrystia Freeland The 2024 federal budget has been announced. This budget directly reflects many of the concerns raised by the Canadian Federation of Student Associations (CASA) and the Union of Universities of Quebec (UEQ), as well as a clear and intentional approach to supporting post-secondary students across the country. It's a step forward. ) during pre-budget advocacy efforts.
Over the past decade, common concerns about student finances between CASA and the federal government have led to actions such as significant extensions of education funding for students from low-income families and the federal government's commitment to interest-free status last year. Ta. student loan. Students are also pleased with the extension of the Canada Student Grant from Canada. 3000 dollars to $4200 Interest-free student loans from Canada from 2024 to 2025 $210 to 300 dollars and improved eligibility for the Canada Learning Bond. In addition, the permanent elimination of credit review requirements for adult students applying for Canada Student Grants and Loans for the first time creates opportunities for adult students to pursue post-secondary education. Indigenous students across the country also $242.7 million In line with the Truth and Reconciliation Commission's Call to Action 11 to maintain access to post-secondary education through the Post-Secondary Student Support Program, this will be done over a three-year period beginning in 2024-2025.
Housing is consistently identified as a top priority for most post-secondary students across the country. Today's budget encourages investment in on- and off-campus housing through the Housing Accelerator Fund, additional funding for the Apartment Loan Construction Program, and the removal of his GST on new student accommodation. Canada's Educational institutions will build more student housing for domestic and international students, strengthening the power of students and consumers in the housing market. Additionally, modernizing shelter calculations for student aid will provide accuracy and more funding in the pockets of Canadian students.
Additionally, the 2024 budget: $825 million Over a period of five years starting from 2024-25, $199.8 million We award ongoing scholarships each year to increase the annual value of master's and doctoral student scholarships and postdoctoral fellowships. This will also increase the number of research scholarships and fellowships offered, benefiting approximately 1,720 more graduate students and fellows each year. In addition, CASA $1.8 billion Five years of core research funding to SSHRC, NSERC, and CIHR. More than 20 years later, graduate students and postdoctoral researchers are celebrating the impact this announcement will have on Canada's productivity and researchers' ability to tackle problems for decades to come. .
The Canadian Alliance of Student Association remains committed to implementing the policies announced today, as well as working with the federal government on all measures that benefit Canadian students. Today's announcement demonstrates our interest in student voice, and CASA looks forward to future collaboration as we continue to share our students' concerns and needs. Canada's Post-secondary students.
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“Today, students are celebrating investments in Budget 2024. We are pleased to see the government's holistic approach to ensuring intergenerational equity through post-secondary education. Post-secondary education Financially supporting them means establishing the education of the next generation.” Canada's Workforce for success. ”
– Sadie McAleer, CASA President
“The Quebec Student Union has called upon the government to Canada University research has suffered for several years due to inadequate funding for student researchers. We welcome the Government's decision to end the haemorrhage and will continue to advocate for durable solutions to address the increasing cost of living for student researchers. ”
– Catherine Bibeau-Lorrain, President of UEQ
About CASA
Founded in 1995, the Canadian Federation of Student Associations is a nonpartisan, non-profit national student organization comprised of 25 student organizations across the country. CASA represents 365,000 post-secondary students across the country through its partnership with the Union étudiante du Québec. Canada.
About UEQ
The Union étudiante du Québec (UEQ) represents 100,000 students from 11 student organizations across the country. quebec. UEQ's mission is to protect the rights and interests of the student community, its member organizations, and its members by promoting, protecting, and improving the conditions of students, local communities, and the international community.
Source Canadian Federation of Student Associations
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