Student financial assistance application now available

New Brunswick – The student financial assistance application for the 2020-21 academic year is now available. Students should complete their applications as early as possible to ensure any eligible funding is available for the beginning of their studies.

This application is for New Brunswick residents attending post-secondary education programs starting between Aug. 1, 2020, and July 31, 2021.

Post-Secondary Education, Training and Labour Minister Trevor Holder said students can be assured department staff are “ready to help them navigate financial assistance options for their next year of studies”, and that students only require a single application to apply for programs offered federal and provincial programs.

There are several forms of assistance available to help students access post-secondary education, including loans, grants and bursaries.

The provincial and federal governments announced in March a six-month interest-free moratorium on the repayment of student loans.

As well, the 2020-21 provincial budget lowered interest rates on the provincial portion of student loans to the prime rate from the prime rate plus 2.5 per cent.

Students and their families are encouraged to visit studentaid.gnb.ca to apply and learn more about the student financial assistance programs available to them.