If you’re one of the countless young people who got into debt getting an education but still struggle to make ends meet, the federal government has some good news for you. As of Nov. 1, no one will have to pay back their Canada Student Loan until they are earning at least $25,000 a year, Employment and Social Development Canada said on Sunday. The federal Liberals initially made the move in their spring budget.

Canada's Employment Minister MaryAnn Mihychuk speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Canada, February 18, 2016. (Photo: Reuters/Chris Wattie) “The future prosperity of our country depends on young Canadians getting the education and training needed to succeed in the job market,” Employment Minister MaryAnn Mihychuk said in a statement. “As a result of this new measure, students will be better positioned to transition into the workforce after graduation.” Borrowers who can’t make their payments can apply for relief through the Repayment Assistance Plan. “Depending on their financial situation — such as their income and family size — borrowers can get approved for a reduced monthly payment on their Canada Student Loan, or for no monthly payment at all,” ESDC said. As tuitions and other school costs rise, student loans in Canada have been growing larger, and the average student debt is estimated to have passed the $25,000 mark.