Alberta announced new rules for its student loan program, effective August 1, requiring recipients to contribute double the previous minimum amount. The changes, part of a broader review of the province’s financial aid system, aim to adjust how students repay their loans based on their income. Under the new parameters, students will be expected to pay a higher percentage of their earnings toward loan repayment, with the exact amount depending on their income level. The policy shift reflects ongoing efforts to align student debt management with economic realities. Nathan Poon, the president of the Alberta Student Aid, emphasized the need for a more sustainable approach to student financing. The updated guidelines will apply to the upcoming academic year, impacting thousands of students across the province. (ca.news.yahoo.com)