Profit, Education, and Student Grants
One of the less-noticed measures in the November 4 budget had to do with restrictions on student loans. Specifically, it was about banning students attending for-profit institutions from accessing grants provided by the Canada Student Financial Assistance Program (CSFAP). Today, I want to examine the rationale behind this move and its likely effects. But first, some history. CSFAP did not always have a big investment in grants. In fact, it had none at all for the first thirty years of its