Nova Scotia Community College; Jack Morse

In an effort to help students struggling with the rising costs of living the province of Nova Scotia is offering its students who need help the most a one-time payment of $550.

“As affordability pressures continue to grow, students are increasingly struggling to balance the rising costs of education, housing, groceries and transportation. This investment in students comes at a critical time and will help over 11,000 borrowers in financial need focus on their studies instead of wondering how they will make their next rental payment or keep the lights on for the winter term.”

— Kyle Cook, Chair, Students Nova Scotia

The recipients will be students who are already receiving some form of Nova Scotia student assistance. It’s estimated that around 11,000 students will receive the funds, costing the province $6.2 million in total.

“We know the rising cost of living is affecting students, and we’re looking at ways we can help so they can focus on their studies and future,” said Brian Wong, Minister of Advanced Education. “I want students to know that we are listening to their concerns and finding solutions to help make things more affordable, especially for those with the highest need.”

The $550 comes with no strings attached and does not need to be repaid. Anyone eligible should receive the funds automatically with money expected to start arriving in students’ bank accounts in early January.