Student Aid in Canada: Tectonic Shifts Ahead
The details of the Canada Apprentice Loan, announced in last year’s federal budget, are now public. It’s a straight $4000 that any apprentice can get, once per technical training period for up to five technical training periods for a total of $20,000 per apprentice. And as we predicted in our 2014 Budget Commentary, the loan is in fact going to be completely means-test free. An apprentice could be making $18/hour all year, plus about $1800/month on EI for the duration