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Category: Funding and Finances

Lessons from Quebec

What lessons can we learn from the current mess in Quebec?  I think two stand out – one for students, and one for universities. The lesson for students is this: it’s great that they can mobilize and maintain pressure on government in the ways they have over the past twelve months.  But, if you fight a tuition fee hike by telling government that there’s oodles of waste and inefficiency in universities, don’t be surprised if they take you at your

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December 19, 2012 No Comments

Baumol vs. Bowen

A fascinating paper came out recently on SSRN, which should be of interest to anyone concerned with the economics of higher education.  Its purpose was to answer a most interesting question: is cost-inflation in higher education driven by internal factors, or external ones? There are two leading theories about cost-inflation in higher education.  The first, proposed by William Baumol (whose new book I mentioned last week), argues that external factors are to blame.  Education, as a labour-intensive good, says Baumol, will always see

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December 18, 2012 No Comments

Islamic Student Loans

READER’S NOTE: HESA does not have connections to any organizations that offer interest-free loans.    As-salaam Alaikum. Every once in awhile, someone in the student movement hears tell of interest in Islam being prohibited, thinks about student loans for a microsecond, and then comes up with the idea that student loans are “unislamic” and, hence, culturally inappropriate.  This, in the past, has led some in Canada to claim that the whole student aid system needs to be revised and made more

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December 12, 2012 14 Comments

Manageable Debt, Part 2

Yesterday, we looked at the principles underlying the discussion on manageable student debt; today we examine how Canadian governments try to help students manage debt, and whether or not their efforts are as efficient as they could be. Manageable debt loads are a function of three things: total debt, interest rates, and student income.  The last of these three is only vaguely susceptible to government control, but governments can control program interest rates and total debt loads through direct subsidies. 

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December 11, 2012 No Comments

The Other Shoe Drops

So, the victorious Parti Québécois, who believe so much in education, who spent all spring and summer hand-wringing and moaning about how that mean, mean Jean Charest was just so… so mean because he wouldn’t invest in Quebec’s youth, and whose election was a massive and historic victory because they cancelled those terrible, evil, neo-liberal tuition fee hikes, has just cut subsidies to all universities’ and colleges’ by five percent. Oh, and the cuts aren’t coming next year, they’re coming this year. 

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December 6, 2012 1 Comment

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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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