Budget 2016 announced an increase to the student grant dispersal by 50% for low-income, middle-income and part-time students. In other words, if your student grant was $2,000/year before this change, it increased to $3,000/year in the 2016-17 academic year! This increase represents an investment of $1.53 billion over five years, the largest investment to the program since 2009. As a result, an estimated 338,000 students will receive more financial support for their studies.