News Release - June 2, 2009
STUDENT LOAN CHANGES MAKING POST-SECONDARY EDUCATION MORE AFFORDABLE
The Government today announced $2.2 million in student loan enhancements to make post-secondary education more affordable for students from low and middle-income families. These changes will take effect August 1, 2009 in time for the 2009-10 loan year.
"Our government is committed to ensuring Saskatchewan people have access to the education, skills training and resources they need to build their careers and their futures," Advanced Education, Employment and Labour Minister Rob Norris said. "These enhancements to student loans will support students from low- and middle-income families to do just that."
Last year the Government of Saskatchewan approved more than 10,700 student loan applications for a total of almost $94.5 million in support. Student loan recipients were provided with more than $15 million in grants and bursaries to reduce student debt.
In addition, the Graduate Retention Program offers tuition rebates as high as $20,000 over seven years to graduates of approved programs who live in or move to Saskatchewan. Approved programs must be equivalent to at least six months of full-time study at a designated institution which result in a certificate, diploma, undergraduate degree or which provide journeyperson certification.
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