{"id":45374,"date":"2024-05-23T12:54:15","date_gmt":"2024-05-23T15:54:15","guid":{"rendered":"https:\/\/thelaker.ca\/?p=45374"},"modified":"2024-05-23T12:54:15","modified_gmt":"2024-05-23T15:54:15","slug":"some-post-secondary-students-to-receive-more-assistance-due-to-provincial-changes","status":"publish","type":"post","link":"https:\/\/staging-z.thelaker.ca\/?p=45374","title":{"rendered":"Some post-secondary students to receive more assistance due to provincial changes"},"content":{"rendered":"\n

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HALIFAX: <\/strong>The Advanced Education Minister said May 22 that some Nova Scotia post-secondary students will receive more in student assistance starting this fall because of a change to part of the funding formula.

Brian Wong, who is also the MLA for Waverley-Fall River-Beaver Bank, said the updated formula aligns the Nova Scotia Student Assistance program with the federal Canada Student Financial Assistance program. <\/p>\n\n\n\n

This change better reflects the financial pressures students are facing from current housing and living costs.

<\/a>\u201cWe\u2019re listening to students and want to make it more affordable for students to stay and build a life here after they graduate,\u201d said Wong.<\/p>\n\n\n\n

\u201cAs a province, Nova Scotia continues to make significant investments to help students impacted by the cost of living, including housing.\u201d<\/p>\n\n\n\n

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<\/a>Nova Scotia typically follows the federal government\u2019s formula for calculating assistance. Part of the formula considers basic living expenses \u2013 called a living allowance in the calculation. <\/p>\n\n\n\n

The allowance, which has previously increased based on the consumer price index, now reflects information in the 2022 Canada Mortgage and Housing Corporation Rental Market Survey. <\/p>\n\n\n\n

A higher living allowance in the formula means a student may qualify for more assistance.
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Earlier this year, Nova Scotia also made other investments to help reduce the cost of living for students. This included a one-time grant for those receiving student assistance and investments in the Atlantic Open Education Resources.<\/p>\n\n\n\n

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Quotes:
<\/strong>\u201cThe enhanced living allowances for Nova Scotian students is a positive step in ensuring that students have access to financial support that accurately reflects the costs of housing during their studies. <\/p>\n\n\n\n

“We look forward to continuing this work with Advanced Education to reduce the barriers students face when securing affordable housing and post-secondary education.\u201d\u00a0
\u2014 Georgia Saleski, Executive Director, Students Nova Scotia

<\/em>Quick Facts:<\/strong><\/p>\n\n\n\n

– the estimated cost of the formula change is $2.9 million for the 2024-25 academic year, which will be funded through provincial savings generated from increased federal student assistance<\/p>\n\n\n\n

– applications for student assistance are open for the 2024-25 academic year; students can apply through the MyPATH system<\/p>\n\n\n\n

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[adrotate banner=”127″] [adrotate banner=”188″] HALIFAX: The Advanced Education Minister said May 22 that some Nova Scotia post-secondary students will receive more in student assistance starting this fall because of a change to part of the funding formula. Brian Wong, who is also the MLA for Waverley-Fall River-Beaver Bank, said the updated formula aligns the Nova […]<\/p>\n","protected":false},"author":2,"featured_media":28405,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,957],"tags":[2803,2245,50,48,1077,1542,6755],"class_list":["post-45374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-news","tag-advanced-education-minister-brian-wong","tag-brian-wong","tag-halifax","tag-n-s","tag-nova-scotia","tag-post-secondary","tag-student-assistance"],"_links":{"self":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/45374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45374"}],"version-history":[{"count":0,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/wp\/v2\/posts\/45374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging-z.thelaker.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}