Post-Secondary Education Minister Arlene Dunn, left, and Sydona Chandon, executive director of the New Brunswick Student Alliance, announced $7.6 million to increase weekly maximum student loan allowances in the province. - ContributedP.E.I. cancer survivor inspires hundreds to run for sarcoma research | SaltWireFREDERICTON, N.B. — The New Brunswick government is allocating $7.6 million to increase the amounts available under the province's student loan and bursary programs.
Funding will be used to increase the maximum weekly amounts available for eligible students under New Brunswick's student loan program from $140 to $200 and New Brunswick's bursary program from $130 to $160. More than 13,000 students received the student loan, and more than 4,000 received the bursary in 2022.
Provincial funding is available for full-time studies and is based on factors such as family size and income.“We recognize the value and contributions that students bring to our province,” said Post-Secondary Education Minister Arlene Dunn. “Having financial support can be a motivation for students to make it through their higher education and I am pleased that this will assist many students in that regard.
Monthly virtual question-and-answer sessions are available to anyone who is looking for more information. Students or parents can register for a session