Current and future post-secondary students in Manitoba receiving financial help from the government can expect to see their weekly allowance grow this fall, the province announced.
The Manitoba government said as of Aug. 1 the maximum benefit allotted to students will increase to $200 per week of study, up from the previous allocation of $140 per week.
Advanced Education and Training Minister Sarah Guillemard said the top-up is to help reduce financial barriers.
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“This increase will provide additional funding to students who have the highest financial need, so they can remain focused on their studies and achieve their educational goals,” Guillemard said in a press release.
The last time the weekly loan allocation was raised was the 2005-06 academic year when it was raised to $140 from $110.
The federal government recently raised the Canada Student Loan maximum to $300 per week of study and the provincial rate now competes with other jurisdictions, the release said.
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