Alberta’s government is taking action to improve affordability, address inflation and make tuition more stable and predictable for Alberta’s post-secondary students. 

As part of Budget 2023, government plans to improve affordability for post-secondary students by:

• Capping domestic tuition increases at two per cent across an institution in 2024-25 and for future academic years.

• Reducing interest rates on student loans to the prime rate,  which will help reduce the cost of borrowing for both current and future Alberta student loan borrowers.

• Doubling the student loan interest-free grace period from six months to 12 months to give students more time to find gainful employment without having to worry about student loan payments.

• Increasing the thresholds for the Repayment Assistance Plan to $40,000 from $25,000 so more students can benefit from the program.

In addition, Alberta’s government is providing additional funding to increase the Alberta Student Grant by $225 per month for each eligible student during the 2022-23 loan year.

Learn more here: https://www.alberta.ca/release.cfm?xID=8654891207C47-BBDC-34F1-37A9D11289386AF4