Alberta launches affordable education ‘New Beginnings’ Bursary for postsecondary students

Alberta is investing $15 million into a new bursary for students which will provide 1000 bursaries valued at $5000 each for qualified recipients and will assist in covering tuition, fees, supplies, and living costs.

Preference will be given to students studying for careers in key economic sectors including energy, agriculture and forestry, tourism, culture, technology, aerospace and aviation, finance, and financial technology, according to a provincial release.

“Given the critical importance of post-secondary in accessing high-quality and high-paying jobs, the Council of Alberta University Students is pleased to see this tangible investment into supporting Alberta students. We recognize the crucial nature of supporting low-income students in accessing higher education and look forward to making sure those students are continually advocated for,” said Samantha Scott, chair of the Council of Alberta University Students.

These bursaries will be dispensed to students in the 2022-2023 academic year and are non-repayable, unlike a government student loan. Alberta Student Aid will deliver the funds automatically to the eligible student alongside their regular student loan after they apply for funding for the school year, says the release.

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“Cost should never be a barrier to achieving your ambition. Young Albertans deserve to have the right skills and knowledge to succeed in tomorrow’s economy. The New Beginnings Bursary will be just that for many Albertans: ensuring post-secondary education remains an accessible way to get ahead,” said Demetrios Nicolaides, the Minister of Advanced Education.