What can students expect after Trudeau’s third Liberal Party victory
Last Tuesday, On September 21, it was announced that Justin Trudeau’s Liberal Party had won a third victory in this year’s snap election. The Liberals won a minority government with 157 seats, below the 170 seats needed for a majority government. The opposite conservative party won 122 seats.
Even though opinions were divided on the need to call a $ 600 million election mid-term, the Liberal government will continue to provide additional financial relief, new job opportunities and an expansion of research for students in the next eighteen month.
Education’s mandate will focus on implementing policies that provide students with greater financial assistance. The budget aims to invest $ 4.1 billion to help make post-secondary education more affordable.
Full-time students can expect to see a prolonged doubling of the Canadian scholarships up to $ 6,000 until July 2023. Students may also waive interest charges on federal student loans until March 31, 2023. These initiatives will make it easier for students to feel less compelled to make sudden payments and instead focus on finishing their studies or looking for a job.
In terms of repayment assistance, students who earn $ 40,000 or less annually will not need to make payments for their federal student loans. Students with persistent or permanent disabilities will also benefit from extensive financial support. With rising tuition fees and unemployment, students can expect various financial support systems to help them complete their education.
The Liberal government recognizes that the pandemic has created significant stress and uncertainty for Canadians in terms of job security. Thanks to emergency programs made available to the community, the country has been able to create one million jobs. Canada has recovered 92% of the jobs lost during the pandemic. By comparison, the United States has recovered only 75 percent of the jobs lost.
In light of this achievement, the government will continue to allocate their funds to provide students with additional resources to build their professional networks. The government promises to invest $ 721 million over the next two years to help connect students with employers and provide them with more 100,000 new quality employment opportunities. These funds will guarantee employers the necessary resources to hire more graduates and allow companies to develop in terms of innovation.
The Student Work Placement Program will provide 50,000 work-integrated learning opportunities for post-secondary students to gain work experience related to their field of study.
The Canada Summer Jobs program will also provide approximately 94,000 additional placements making it easier for students to find work over the next summer months in 2022.
The government also predicts that demand for expansion of research will increase. With modern innovation, technology and advances in research, the government will continue to oversee successful projects such as the development of a Covid-19 vaccine in a short period of time.
Investments to increase the number of research chairs will help train the next generation of highly skilled people through student supervision, teaching and coordinating the work of other researchers.
Students can expect an addition of 1,000 Canada Research Chairs to help attract and retain top talent at Canadian universities and support graduate research. The research chairs will focus on improving gender and race equity among Canadian faculty by fostering interdisciplinary research. The government will also strengthen Canada’s world-class capacities in life sciences and biomedical research.
As the Liberal government continues to invest in Canada’s youth through various financial resource provisions, students will be able to find meaningful work in industries and fields to which their education relates.