University can be stressful for students of any age with the homework, the responsibility and the tuition.

While finances can be tight during the school year, the federal government has made some positive changes for those wanting to get a higher education.

Starting August 1, 2016, the Canada Student Grants have been increased by up to 50 per cent to help low-to-mid income students make their way to school.

Marlin Schmidt, Minister of Advanced Education with the Government of Alberta, said university students all over Alberta will be able to benefit from these changes.

"They'll benefit from the changes that the federal government will introduce. Lots have also benefitted from the changes we brought forth last year."

Alongside an increase to the Canada Student Grants, those who graduate will not have to make any repayments on their Federal student loans until they make at least $25,000 a year.

This, on top of Alberta's repayment program, will help out students substantially.

"We already offer a 6-month interest free grace period to students once they've completed their studies and the interest that we charge on student loans is lower than what the Government charges," said Schmidt.

For students in Alberta hoping to apply for student loans, they can see Student Aid Alberta for further assistance, both provincially and federally.