The 2024-25 Budget recognizes the importance of the students and young people who will be leading our province into the future. It provides supports to reduce the financial barriers of a post-secondary education and makes it affordable for young people to remain in Saskatchewan.
Budget highlights include:
Supporting Students
- $34.4 million for the Student Aid Fund, which provides repayable and non-repayable financial assistance to more than 22,000 students each year, along with $12.2 million for scholarships and bursaries.
- $4.2 million for a new grant to reduce barriers to low-income students with dependents under the age of 12, through the Student Aid Fund.
- $8.6 million for the Saskatchewan Advantage Scholarship, which provides post-secondary students with $750 annually up to a lifetime maximum of $3,000.
Making it More Affordable for Young People to Stay in Saskatchewan
- $65 million in annual support for the Graduate Retention Program, which provides up to $20,000 in tax credits to post-secondary graduates who live and work in Saskatchewan.
- Since 2009, more than 81,600 graduates have benefited from the Graduate Retention Program, saving over $739 million in provincial income taxes.
- The Saskatchewan First-Time Homebuyers’ Tax Credit provides a non-refundable income tax credit of up to $1,050 to eligible taxpayers on qualified homes.
- $8.7 million for the Saskatchewan Rural and Remote Recruitment Incentive, which offers a one-time incentive of up to $50,000 for health care workers in high-priority positions in rural and remote Saskatchewan communities.