FREDERICTON (GNB) – The student financial assistance application for the 2020-21 academic year is now available. Students should complete their applications as early as possible to ensure any eligible funding is available for the beginning of their studies.

This application is for New Brunswick residents attending post-secondary education programs starting between Aug. 1, 2020, and July 31, 2021.

“Although the COVID-19 pandemic has created some stress surrounding the delivery of post-secondary education, students can be assured that staff in our department are ready to help them navigate financial assistance options for their next year of studies,” said Post-Secondary Education, Training and Labour Minister Trevor Holder. “Just one application enables students to apply for programs offered by both the provincial and federal governments.”

There are several forms of assistance available to help students access post-secondary education, including loans, grants and bursaries.

The provincial and federal governments announced in March a six-month interest-free moratorium on the repayment of student loans.

As well, the 2020-21 provincial budget lowered interest rates on the provincial portion of student loans to the prime rate from the prime rate plus 2.5 per cent.

Students and their families are encouraged to visit to apply and learn more about the student financial assistance programs available to them.