Prime Minister Justin Trudeau announced Wednesday that a new Emergency Student Benefit aid package is coming. It will help post-secondary students that may struggle in the upcoming stressful summer jobs market that they often rely on for living and school expenses.

This 9 billion dollar aid package will include:

  • $1,250 a month from May to August ($1,750 each month if the student takes care of someone else or has a disability)
  • $1,000-$5,000 through a new Canada Student Service Grant for eligible students who volunteer this summer in the fight against COVID-19
  • $75 million to increase support specifically for First Nations, Métis, and Inuit students

Post-secondary students and recent graduates with a monthly income of $1,000 or less will have access to the new student benefit.

Many students were not eligible for the $2,000 per month Canada Emergency Response Benefit as the necessary requirements were to have at least $5,000 earned in the last year, as well as the COVID-19 pandemic resulting in them losing their source of income. If students were not working, as is often the case, it would have made them ineligible regardless of whether they lost income due to the novel coronavirus situation.

Students who also enrolled in a post-secondary program in September or graduated after December 2019 are eligible.

The Canada Emergency Student Benefit will also be apart of the Canada Summer Jobs Program for 70,000 students and giving employers a full subsidy of the students’ wages.

Parliament will work out the details soon.

If you want to see all the details you can check out the Prime Minister’s statement here.

Featured Image – Getty Images

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