Feds expected to unveil more emergency aid for students, young Canadians
OTTAWA – The federal government is expected to announce today more significant financial support for students and other young Canadians struggling to stay afloat and find jobs during the COVID-19 pandemic.
The new measures are intended to target support at young people who have fallen through the cracks of other emergency financial assistance.
Some students, for instance, have complained that they don’t qualify for the Canada Emergency Response Benefit.
It provides $500 a week for up to 16 weeks to Canadians who have lost their jobs due to the pandemic and had an income of at least $5,000 in the previous 12 months — criteria that doesn’t apply to many students.
Today’s measures are in addition to some steps the federal government has already taken to specifically help young people weather the health crisis.
It has put a six-month, interest-free moratorium on student loan repayments.
Original Article HERE.