Liberals expand loans and grants in budget, but students hoping for more next year

OTTAWA — This year’s federal budget sets aside more than $800 million to expand loans and grants for the upcoming school year, but students are looking forward to permanent changes to financial assistance.

For the 2023-24 school year, the Liberals are planning to increase the maximum grants available to $4,200, up from $3,000.

The loan limit is also increasing $300 per week of study from $210.

Those changes are part of a set of affordability measures in the budget.