April 1, 2009
FREDERICTON (CNB) - The provincial government is investing $58.3 million more in the Department of Post-Secondary Education, Training and Labour in 2009-10 compared to the 2008-09 revised budget estimates. Post-Secondary Education, Training and Labour Minister Donald Arseneault made this announcement while releasing his department's budget estimates for the new fiscal year.
"We are building on our recent record capital investment of $160 million into community colleges and universities by focusing on students in this budget," Arseneault said. "By
making further investments into post-secondary education, we are moving forward with Be Inspired. Be Ready. Be Better. Our Action Plan to Transform Post-Secondary Education
in New Brunswick and keeping the province on the road to self-sufficiency."
New measures targeted at post-secondary students include:
"The timely completion benefit is our newest and most comprehensive program to date to help recent graduates," said Arseneault. "Students asked us for help, we listened and we acted. Forgiving the provincial portion of a graduate's loan will help bring the average New Brunswick student debt load closer to the national average."
Further investments in the department include:
"Although economic challenges may affect our day-to-day lives, education is the key to weathering many obstacles," said Arseneault. "I am proud to say that our government recognizes the importance of investing today in future generations."
MEDIA CONTACT: Marie-Josée Groulx, communications, Department of Post-Secondary Education, Training and Labour, 506-444-3465.