Canada Emergency Student Benefit $1250 COVID-19 Money
Financial Management

Canada Emergency Student Benefit $1250 COVID-19 Money

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With the recent launch of the CERB benefits in Canada a lot of students were expressing that they have been left out in any funding aid due to the restrictions which make then ineligible for for CERB. So today it was announced that there is a new plan in place called the Canada Emergency Student Benefit that looks to support post-secondary students who are effected by the COVID-19 pandemic. On the official site it states the following in regards to who qualifies and how much you can get:

-The proposed Canada Emergency Student Benefit, which would provide support to students and new graduates who are not eligible for the Canada Emergency Response Benefit. This benefit would provide $1,250 per month for eligible students or $1,750 per month for eligible students with dependents or disabilities. The benefit would be available from May to August 2020.

-The new Canada Student Service Grant, which will help students gain valuable work experience and skills while they help their communities during the COVID‑19 pandemic. For students who choose to do national service and serve their communities, the new Canada Student Service Grant will provide up to $5,000 for their education in the fall.

One interesting thing is that this benefit seems to be creating a lot of backlash from seniors and working professionals. The opinion seems to be that to help students there should be items such as tuition freezes and refunds as opposed to straight money. Some people even joked that they graduated on the wrong year. During times like this though I am sure everyone could use some financial aid.

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