29 May 2020 – Provincial student loan programs enhanced

Type of Intervention: Specific Action
Sectors Involved: Education
Intervention Categories: Legal and policy; Regulatory change; Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: Newfoundland and Labrador
Lead People/Agency: Christopher Mitchelmore, Minister of Advanced Education, Skills and Labor

Overview: Enhancements to the Provincial Student Loans Program for the 2020-2021 academic year have been announced. Weekly loan limit has been increased to $100 per week from $40. Student and spousal contributions have been exempted when assessing applications for provincial student aid.
Full details here: https://www.gov.nl.ca/releases/2020/aesl/0529n06/

Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: Government of Newfoundland and Labrador