Students at St. Stephen’s University serve themselves at a communal meal table, part of the school’s tight-knit environment. New Brunswick students will be able to apply to have their provincial and federal student loans, plus living expenses, repaid after graduation. (Julia Wright / CBC)
The New Brunswick-based St Stephen University has announced that it will pay off the living expenses and loans for students who meet its academic criteria. CBC reports that the private institution requires students to pay its $18K annual tuition up front, with an option to apply to have these loans and expenses reimbursed six months after graduation. “We are very committed to working with our graduates to adapt the program so that they end up with minimal debt,” said St Stephen Interim President Jeremy Barham. The new debt-free program will reportedly be funded by a private donor. According to CBC, SSU bills itself as the smallest university in Canada, with an annual intake of 30 students from around the world.