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Alberta

Province caps tuition increases and reduces student load interest rate to make post-secondary education more affordable

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Making post-secondary education more affordable

Alberta’s government is taking action to improve affordability, address inflation and make tuition more stable and predictable for Alberta’s post-secondary students.

Alberta’s economy has recovered strongly, but students are struggling to keep up with the increased cost of living. Alberta’s government is committed to ensuring post-secondary education remains accessible and affordable for all Albertans. That’s why Advanced Education is providing post-secondary students with new, targeted affordability supports.

As part of Budget 2023, government plans to improve affordability for post-secondary students by:

  • Capping domestic tuition increases at two per cent across an institution in 2024-25 and for future academic years.
  • Reducing interest rates on student loans to the prime rate,  which will help reduce the cost of borrowing for both current and future Alberta student loan borrowers.
  • Doubling the student loan interest-free grace period from six months to 12 months to give students more time to find gainful employment without having to worry about student loan payments.
  • Increasing the thresholds for the Repayment Assistance Plan to $40,000 from $25,000 so more students can benefit from the program.

In addition, Alberta’s government is providing additional funding to increase the Alberta Student Grant by $225 per month for each eligible student during the 2022-23 loan year.

“High inflation has made life more expensive for all Albertans, including post-secondary students. These new measures will help all students deal with higher costs during these challenging times.”

Demetrios Nicolaides, Minister of Advanced Education

Alberta’s government recently provided the largest inflation relief package in Canada, with significant broad-based and targeted supports. These actions ensure post-secondary students also receive targeted affordability supports.

“These new affordability measures for students are an important addition to our Affordability Action Plan, and underscore our commitment to students and to keeping Alberta affordable.”

Matt Jones, Minister of Affordability and Utilities

More than 10,000 low-income students receive this funding. The funding boost to the Alberta Student Grant means eligible students willreceive up to a total of $475 per month.

This additional per month funding will be retroactive, meaning students will receive the additional $225 per month effective the beginning of the 2022-23 academic year in the form of a lump sum payment. Students receiving this additional funding from the Alberta Student Grant will be notified by Alberta Student Aid in March. They should also receive the additional funding from student aid during this time.

“This announcement marks the implementation of longstanding requests from student leaders around affordability. On behalf of Alberta’s students, it is great to see increased efforts to ensure that post-secondary is more accessible and affordable for all.”

Samantha Scott, chair, Council of Alberta’s University Students

“Students have been struggling with the rising costs of attending post-secondary. We are happy to see student voices being heard and steps being taken to address affordability.”

Janmejay Rao, co-chair, Alberta Graduate Provincial Advocacy Council

Alberta’s government is committed to ensuring post-secondary education is accessible and affordable. These measures will ease the impact of inflation so post-secondary students can focus on their education and worry less about paying the bills. They will also make it easier for student loan borrowers to make their loan payments and effectively transition into the workforce.

This is a news release from the Government of Alberta.

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Alberta

Alberta to unlock new market potential

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Alberta’s government has announced new steps to meaningfully act on the province’s ownership of its oil and gas resources and maximize resource revenue.

Alberta’s government will now collect bitumen royalties in-kind (BRIK) in addition to conventional royalties in-kind (CORIK), allowing the province to obtain the top price for oil resources and positioning Alberta as a potentially significant player in the global oil market.

The Alberta Petroleum Marketing Commission (APMC), Alberta’s commercial oil and gas agency, will now be able to combine conventional and bitumen royalty barrels to bring to market significant petroleum volumes that will spur private sector investments. This will give government the ability to seek new deals on Alberta’s energy resources internationally, making the province one of the largest global heavy oil market players and maximizing the return for Albertans.

On March 10, 2025, Premier Danielle Smith met with a global oil and petrochemical multinational to discuss a first-of-its-kind potential transaction that would see the overseas transport and sale of approximately two million barrels per month of Government of Alberta owned heavy oil via the APMC.

“This program gives the province greater say in where we sell our oil. Receiving bitumen royalties in-kind is another tool in our investment toolbox and will give us the opportunity to maximize our resource potential, become one of the most significant players in the heavy oil market and garner more value for Albertans.”

Danielle Smith, Premier of Alberta

“Alberta and Canada have benefited greatly from the innovation and investment of our partners, the companies driving our energy industry. This move will allow us to promote increased pipeline capacity and grow our global markets, which is good for Albertans, for industry, and for global energy security.”

Brian Jean, Minister of Energy and Minerals

Given the significant volume of conventional and bitumen royalty barrels that will become available over time, the APMC will seek agreements with other jurisdictions and industry players to ensure Albertans benefit to the greatest extent possible from the ownership of their natural resources. This will help improve and diversify markets. The transportation of these barrels will help incentivize pipeline capacity growth in support of Alberta’s aspiration to double its oil and gas production.

“APMC will work diligently to seek commercially prudent deals that make sense for Albertans and the Alberta energy industry. The opportunity exists to find transactions that will directly and indirectly secure extra value for Albertans, and the experienced team at APMC is committed to doing just that.”

Adrian Begley, CEO of Alberta Petroleum Marketing Commission

Faced with uncertainty around trade and security, Alberta’s government remains focused on diplomacy and continuing to build a resilient and diversified economy that is better positioned to withstand external shocks and ensure long-term prosperity.

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Alberta

Former Chief Judge of Manitoba Proincial Court will lead investigation into AHS procurement process

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Deputy Minister of Jobs, Economy and Trade Christopher McPherson has issued the following statement on an independent third-party investigation into procurement and contracting processes used by the Government of Alberta and Alberta Health Services (AHS):

Deputy Minister of Jobs, Economy and Trade Christopher McPherson has issued the following statement on an independent third-party investigation into procurement and contracting processes used by the Government of Alberta and Alberta Health Services (AHS):

“While serving as Acting Deputy Minister of Executive Council, Premier Danielle Smith asked me to establish a credible, independent, third-party investigation into the procurement processes used by the Government of Alberta and AHS and their outcomes.

“I have informed Premier Smith that the Honourable Raymond E. Wyant, former Chief Judge of the Provincial Court of Manitoba, will lead this investigation. I asked Premier Smith to issue a ministerial order to facilitate his work and she has done so. Judge Wyant’s work on this matter begins immediately.

“Judge Wyant was appointed to the Manitoba bench in 1998 before becoming Chief Judge in 2002. Prior to his service on the bench, Judge Wyant worked as a criminal defence lawyer and Crown attorney and was acting deputy director of Manitoba prosecutions at the time of his appointment to the Bench. He has also taught law for many years at Robson Hall at the University of Manitoba.

“Judge Wyant will review the relevant legislation, regulations and policies related to procurement typically used by Government of Alberta departments and agencies, specifically AHS, and their application to the procurement of pharmaceuticals and to services offered by chartered surgical facilities. Questions that Judge Wyant will consider are outlined in the attached terms of reference, and include whether or not any elected official, Government of Alberta or AHS employee, or other individuals, acted improperly during the procurement processes. Judge Wyant will make recommendations to the government for improvement or further action as appropriate.

“Appointed under the Government Organization Act, Judge Wyant will operate independently of government. The Government of Alberta will provide Judge Wyant with access to all relevant documents held by its departments and AHS, as well as facilitate interviews with relevant individuals.

“Judge Wyant has been given a budget of $500,000 to undertake this important work, including to retain legal and audit assistance at his discretion. He is being paid $31,900 per month, which is the same remuneration rate as the Chief Justice of the Alberta Court of Justice.

“To ensure additional independence, Service Alberta and Red Tape Reduction will hold the budget for this third-party investigation.

“Judge Wyant will deliver an interim written report by May 30, 2025. A final written report and recommendations will be delivered by June 30, 2025, and it will be posted on alberta.ca.”

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