Assistance for Post-Secondary Students

Assistance for post-secondary students

  • The Emergency Bridging Fund for Vulnerable Post-Secondary Students will support students who are directly impacted by the COVID-19 pandemic. The funds will be distributed by post-secondary institutions based upon eligibility criteria and will provide a one-time amount of up to $750 per student.
  • The fund will support post-secondary students, including international students, who demonstrate a financial gap in meeting their basic needs between now and the end of the term.
  • Students must contact their institution directly to be considered and will be assessed on a case-by-case basis. Funding support will be based upon the need for food, shelter, unanticipated medical costs not covered through health plans, and unforeseen additional academic costs.
  • To qualify, vulnerable students must not have received the one-time $900 provincial emergency benefit. Additionally, they must be in a position in which they cannot access money through student loans, Employment Insurance, personal savings, or other COVID-19 related financial assistance programs.

 

 Student Loan Information

  • We realize that this pandemic has caused unexpected hardship for thousands of New Brunswickers, including those who are repaying student loans.
  • This week, the federal government announced they are placing a six-month interest-free moratorium on the repayment of Canada Student Loans for all individuals currently in the process of repaying these loans. This will also be the case for provincial student loans.
  • Effective as of March 30, 2020, New Brunswick will automatically suspend interest and payments on New Brunswick student loans for six months. No payment will be required, and interest will not accrue during this time. Students do not need to apply for the repayment pause.