Student Finance 101 Blogs

  • After Nova Scotia Students Vote With Their Feet, the Deal Sweetens

     

    How interesting, the flurry of initiatives launched by Nova Scotia recently to cut costs for post-secondary students.

    During 2008, the announcements included a three-year tuition freeze, a grant, bursary, increased graduate tax credit and a two-point cut in student loan interest rates.

    Seems there was substance to those media reports that Nova Scotia was losing students due to high tuition fees.





  • New Student Loan Bankruptcy Rules Shorten Wait

     

    Canadians overwhelmed by student loan debt have been granted a three-year break.

    On July 7, 2008, Minister of Labour Jean-Pierre Blackburn signed an Order-in-Council permitting automatic discharge for student loans in bankruptcy after seven years.

    An existing rule requiring a 10-year wait had been on the books since 1998. The 10-year rule led to charges of discrimination and a legal challenge.





  • Student Aid Report Sees Progress – But Not in BC

    BC Hits Bottom, Manitoba is Tops

    British Columbia is swimming against the tide when it comes to student financial aid. That is one of the findings of a report released October 22, 2008 by the Canada Millennium Scholarship Foundation.

    In general, the Foundation's report, Ten Things You Need to Know About Financial Support for Post-Secondary Students in Canada, paints a fairly positive picture of recent trends in Canada's student financial aid system.





  • 'Drop the Fees' Rallies Mark Students' Day of Action

     

    On November 5, 2008, college and university students from across Canada marched to mark the Students' Day of Action 2008.

    The campaign, organized by the Canadian Federation of Students (CFS), was especially active in Ontario. Thousands gathered there in 14 cities, including Toronto, Guelph, Kingston and Windsor. Speakers urged the provincial government to boost access to post-secondary education by simply dropping tuition fees.