Prime Minister Justin Trudeau (Canadian Press)

By Sarah Jones

Young Canadians to receive more supports from the Government

Apr 29, 2021 | 10:14 AM

OTTAWA, ON – Prime Minister Justin Trudeau participated in a virtual town hall meeting Wednesday addressing young Canadians and highlighting measures they’ve taken in the 2021 Budget to help assist future students.

In the budget they featured help with pursuing and completing education, making student debt easier to pay down, and creating new training and work opportunities.

The Government of Canada is focused on impowering the future of students by planning to invest $5.7 billion over the next five years into student supports. This includes:

• Creating 215,000 new training and work opportunities for young Canadians, so they can gain valuable skills and experience in the workforce
• Waiving interest on student loans for an additional year, which would help about 1.5 million Canadians who are repaying student loans
• Providing more flexibility for the repayment of federal student loans, so no one has to make a payment they cannot afford
• Doubling the Canada Student Grants for two more years to help over 580,000 students cover the cost of their tuition, school supplies, and living expenses
• Expanding access to supports, grants, and repayment assistance for students with disabilities.

“Young people have been greatly impacted by the pandemic,” said Prime Minister Justin Trudeau

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“We’re stepping up to support them so they can reach their full potential as we continue to recover and rebuild. We are taking steps to create new opportunities for young Canadians, and help them start their careers and their lives. An investment in young people today is an investment in our future success as a country.”

Young Canadians experienced the highest job loss and worst mental health decline compared to all other age groups in the country. The plan to make life more affordable for these individuals is an important step forward in creating opportunities for a bright future.