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Canada extends 40% boost to student grants and raises loan limits for 2026-27, but a proposed cut to grants may increase financial need.
The Canadian government has extended temporary financial aid increases for the 2026-27 academic year, maintaining a 40% boost to non-repayable Canada Student Grants for full-time, part-time, disabled, and dependent students, benefiting about 571,000 individuals.
The Canada Student Loan limit has also risen from $210 to $300 per week, supporting roughly 422,000 students with interest-free loans.
These measures, part of a nearly $1.2 billion investment, aim to improve affordability and access to post-secondary education.
Meanwhile, a separate proposal seeks to reduce annual grants from $4,200 to $3,000 starting July 2026, which could impact up to 70% of families and increase unmet financial need.
Canadá extiende un impulso del 40% a las becas estudiantiles y aumenta los límites de préstamos para 2026-2027, pero un recorte propuesto en las subvenciones puede aumentar la necesidad financiera.