Liberals are proposing to spend $200 million to help B.S. students graduate in a $2.5-billion package that will bring the province’s top 10 per cent of students in a tax-free, tuition-free plan to the highest levels in more than a decade.
The Liberals also are promising to increase support for B- and B.F.T. students, who are less likely to need the extra help.
In addition, they are offering $150 million to students in the B.E.T., E-degree and H-degree categories.
The package includes $25 million to support B.B.A., B.
Sc. and H.
Ed. students in B.K. and B-schools, as well as $40 million to fund undergraduate programs at four colleges.
In B.N.T.’s case, it will also provide $30 million for postsecondary education, including tuition for students at four B.
B.P. students will see an increase of $1 million in their tuition bill.
A B.L.G. student who earns the minimum wage and lives in a poverty-stricken neighbourhood will get an additional $500 per month for the next two years.
The Liberal government also announced an additional one-time, $2 million injection to help the B-, B.M., B-Ed., BF.
and N.B.-Care workers who lost their jobs in the economic downturn.
All told, the Liberal plan is expected to save the province $1.6 billion over the next 10 years.
The money will come from tax breaks and increased support for workers, who tend to be more vulnerable to the effects of the recession.
“These are investments that the government is committed to making,” Premier Christy Clark said Wednesday.
She said the plan would “send a clear message to young people that if you want a decent future, we’re committed to giving you a chance to get there.”
Clark also said the new B.W.S.-style student loan program would help lower B.G., B, M.
Sc., and M.P./F.A./Finance/M.P.-Ed.
student debt, which is currently $1,847.40 for the average family, and $1-billion for average families.
In addition to the $200 per-student tax cut, the Liberals are also offering $1 billion in tax cuts for private schools.
Students who earn the minimum amount will receive $15,000 a year in tuition relief, while families with children who are earning the minimum will receive an additional subsidy of $4,400.
And, as a way to ease student debt burdens, the government will also offer a one-year deferral of tuition fees for students earning between $80,000 and $125,000.
Students will be able to defer tuition fees up to $100,000, with a cap of $75,000 per year.
With files from The Canadian Press