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TOLL-FREE PHONE FOR STUDENT FINANCIAL ASSISTANCE

Released on June 10, 1998

Post-Secondary Education and Skills Training Minister Joanne Crofford

announced today that information on Student Financial Assistance is

now available through the Department's toll-free Career Information

Hot Line. The telephone number is 1-800-597-8278.



The Saskatchewan Student Loans Program was significantly improved in

this year's budget. The Budget reallocated $22 million to establish a

Saskatchewan Student Bursary Program for students with high need,

increased financial assistance for students with dependants and

brought in tax relief for student loans in repayment. This tax relief

will save students $5 million in provincial income tax. These

improvements were made after the Student Assistance Task Group

reported that students' need adequate financial support without higher

debts, as well as help in repaying their debts.



"We are investing in young people by addressing the needs of

students," Crofford said. "More students will get more financial

assistance with considerably less debt and they will get tax help when

repaying their debt."



The new provincial bursary program and increased assistance levels

will allow students with dependants to return to school. Students

with dependants will no longer have to borrow more than other students

to provide for their children while attending a post-secondary

institution.



Students may be eligible for the maximum bursary of $3,230 over a

regular school term. As well, students with dependants may be

eligible for a bursary up to $4,250. The amounts will vary

depending on financial need and on the length of the study

period. Student Financial Assistance in the form of a bursary

does not have to be repaid. The Saskatchewan Student Bursary

Program is a significant factor in controlling debt for high

needs students.



More information about post-secondary education and skills

training opportunities in Saskatchewan is available at

http://www.sasked.gov.sk.ca which is the Department's web site

address.



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For more information, contact:



Brady Salloum

Post-Secondary Education and Skills Training

Regina

Phone: (306)787-0106

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