The World of Higher Education Podcast Listen now →

The World of Higher Education Podcast Listen now →

Category: Funding and Finances

Perma-SIF

As I noted back on Monday, one of the basic dynamics we see in Canadian public finance is the long-term deterioration of provincial finances and the long-term improvement of federal ones, mainly due to changing demographics and the cost of heath care. Take a look at the projections from the Parliamentary Budget Office from their 2018 Fiscal Sustainability Report, which shows this trend rather clearly: long-term provincial government debt numbers are off the charts, while the feds are on a continuous

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January 8, 2020 No Comments

Welcome to the 2020s

Hi all.  Hope you all had a restful set of holidays. At the start of a new decade, it is fashionable to look ahead at what will happen in one’s sector.  Personally, I think that life is going to change in ways we can’t imagine over the next ten years, so getting too specific is a fool’s errand.  What I would like to do instead is talk about what the big challenges are going to be. The first big challenge

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January 6, 2020 4 Comments

Designing Student Aid Programs from Scratch (4)

If you’re joining late, we’re talking about the policy decisions that need to be made when creating a student aid system.  Read up on student loan origination, student loan repayment parameters and the loans/grants balance. So now we’ve got all the big pieces in place – where the money comes from, how much is going to be loan vs. grant, and how loans are going to be recuperated.  Now we get to the really fiddly bits: how to ration the aid (warning: this is a stupidly

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December 5, 2019 2 Comments

Designing Student Aid Programs from Scratch (3)

Welcome back to this little series.  On Monday and Tuesday we looked at loans – how to pay for them and how to design repayment systems.  Today, I want to introduce grants into the mix (to be clear, I’m only talking about grants where need is the primary criterion – there’s a whole other set of policy considerations about merit-based aid, which I’m going to leave to one side during this discussion). Theoretically, the grants vs. loans debate is one of the most important

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December 4, 2019 1 Comment

Designing Student Aid Programs from Scratch (2)

Now that we’ve decided on a loan system, we have to start thinking about how we are going to recover any money that we lend.  For decades, student loans only worked one way: on a regular amortization basis.  If you borrow, you repay on a regular monthly basis after graduation, just like one pays a regular amount each month on a mortgage.  Even within this framework, there are a lot of policy elements one can adjust.  The length of the

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December 3, 2019 No Comments

One Thought to Start Your Day

One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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