Friday, April 25, 2014
Newfoundland and Labrador has maintained a decade-long tuition freeze, had earlier removed loan interest and has now become the first province set to replace student loans with grants.
Newfoundland and Labrador has become the first province set to entirely replace its student loans system with needs-based grants. The proposal was included as part of the governing Progressive Conservatives' earlier election platforms, and follows implementation of the removal of interest from student loans, which occurred in August 2009. Since then, Prince Edward Island and Nova Scotia have also eliminated loan interest.
