Temporary changes to the Canada Student Financial Assistance Program in school year 2024-25

Extending the increase in full-time Canada Student Grants (CSG) from $3,000 to $4,200 per year, and interest-free Canada Student Loans (CSL) from $210 to $300 per week for an additional school year, 2024-25. Grants for part-time students, students with disabilities, and students with dependants will also be increased proportionately.

PBO estimates total net cost of this measure to be $1.1 billion over five years, beginning in fiscal year 2024-25.