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Category: Funding and Finances

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

Student Aid Tax Rates

Anyone who thinks taxation is overly complicated and onerous in this country needs to spend a day or two in the shoes of a student. That’s because our tax system has absolutely nothing on our student aid assessment system. Student aid in Canada is distributed based on something called “assessed need”, which is defined as “assessed costs” minus “assessed resources” (not real costs or real resources, because those are subjective). Essentially, government has to ask students about their resources and

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November 12, 2012 1 Comment

Korean Lessons

I’m in Seoul this week, studying some aspects of the Republic of Korea’s system of lifelong learning (picture me Gangnam-dancing if you must). But the country’s overall system of higher education is so flat-out amazing, I thought it would be worth a post or two. How amazing is it, you ask? Well, they kick our behinds in terms of access and success – 90% of their high school graduates attend university or “junior college” right after high school and the

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October 18, 2012 No Comments

Incentives

A lot of policy discussions in higher education really just amount to “why don’t universities and colleges just ‘do the right thing?’” It seems to me that these discussions would be a whole lot better if they were informed by an understanding of how incentives work. For instance, a couple of weeks ago after I was giving a talk on the general intensification of institutions’ overseas recruitment effort, when an audience member asked “why don’t institutions put that kind of

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October 17, 2012 No Comments

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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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