Everything you need to know about the Canada Student Emergency Benefit
Canada’s federal government has allocated a $ 9 billion support program for students facing economic hardship due to the COVID-19 pandemic.
In March 2020, the number of students working at the post-secondary level, aged 15 to 29, fell 28% from February 2020.
the Canada Student Emergency Benefit (CESB) aims to help students continue their education, get and keep summer jobs, pay their bills, and save their tuition fees for the fall.
But how exactly is the $ 9 billion distributed? And who has access to this new program once adopted?
What is the CESB?
The benefit ensures that $ 1,250 per month is paid to students from May to August and $ 1,750 for students with dependents and people with disabilities.
CESB is the will reach around a million students.
Who is eligible?
The program is available to students enrolled in a post-secondary degree, diploma or certificate program, as well as students who graduated no earlier than December 2019.
It is also available to high school graduates who have applied and will join post-secondary programs in the coming months and to any Canadian student studying abroad who meets any of the criteria already mentioned.
But students must prove that they are looking for work to receive financial aid.
When can students apply?
The Government of Canada has said it “is working to put money in the pockets of Canadians who need it most quickly.”
Students who have not been able to find employment or self-employment due to COVID-19 during the four-week period for which they apply for the CESB may do so when applications open in May with the Canada Revenue Agency (CRA).
Develop student loans
the Student loan program, which already helps more than 700,000 students, will be expanded to reach 760,000 students at an estimated cost of around $ 1.9 billion over two years from 2020-2021.
“Due to the economic impacts of COVID-19, students may be unable to obtain and keep summer employment and save for school in the fall. As a result, many students are concerned about their ability to manage tuition fees and the cost of books for the next school year, ”the government says.
Students will now be eligible for larger amounts of financial aid, including the doubling of non-refundable Canada scholarships for full-time and part-time students, as well as students with disabilities and students with disabilities. charge, over the next academic year.
What employment opportunities are available
The Canadian government is changing the Canada Summer Jobs Program including increased wage subsidies, expanded eligibility and “new flexibilities” for employers, to ensure that the program can support 70,000 jobs in 2020-2021.
The government is also putting forward $ 80 million for the Internship program for students to help up to 20,000 post-secondary students across Canada gain paid work experience related to their field of study.
And, there will be $ 15 million for the Student Learning Support Program to serve an additional 14,700 youth through support to complete high school and transition to post-secondary education to “help make ensure that vulnerable children and young people are not further marginalized. a result of COVID-19. “
$ 40 million is also allocated for innovation, science and economic development to help Mitacs create 5,000 new jobs.
the Business / higher education roundtable (BHER) will also create 5,000-10,000 new student placements, redirecting existing federal support and creating online tools.
And to encourage students to participate in the pandemic response, the government will launch a new national service initiative to recognize student contributions to COVID-19 efforts, with the new Canada Student Services Grant which will provide up to $ 5,000 to cover students’ post-secondary education costs in the fall.
Funding for graduate students
To support postdoctoral fellows, $ 291.6 million will be available to support 40,000 student researchers through the federal granting councils.
The funding would support a one-semester extension for eligible students whose research grants or scholarships end between March and August and who intend to continue their studies.
It would also offer a three-month extension of funding to federal research grant recipients to support eligible interns and staff paid through these grants. These extensions cannot be combined with other income supports.
Another, $ 7.5 million will be made available to support student and postdoctoral research internships within the National Research Council.
The Government of Canada will remove the restriction that allows international students to work only a maximum of 20 hours per week while classes are in session, provided they are working in an essential service or function, such as healthcare, critical infrastructure or procurement. food or other essentials.
This temporary rule change will be in effect until August 31, 2020.