If a student completes one year in a program and then switches to another program, they will not be eligible for the first round of benefits in their new program. This new program also reduces the amount of loan servicing costs we must pay banks allowing us to put more non-repayable assistance in the hands of students. Upon graduation, students will again be automatically assessed and the Government of Alberta may further reduce the amount owing in keeping with the loan limits. Students who do not graduate may still be eligible for relief. However, these students will have to apply for the benefit within two years of leaving school.
Additional scholarships are also in the works for the coming year.