Category: Student Aid

Did CIBC Really Just Call for Lower Tuition?

Last week, HuffPost ran a story highlighting a newsletter from CIBC Economics about higher education.  It was actually a pretty meandering letter (CIBC Economics pieces on higher education are usually notable for their interesting use of data and somewhat shallow understanding of actual policy – here’s an earlier example).  The newsletter touched on a number of issues around educational supply and demand, but what HuffPost glommed on to was what a point about tuition in STEM programs and led with the headline “CIBC argues against

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Free Tuition Developments

One major trend of the last couple of years in global higher education has been the arrival of a wave of “free tuition” policies in jurisdictions that formerly charged them and which – in some cases – have substantial private higher education sectors.  But announcing free tuition is one thing: actually pulling it off is another.  Let’s take a quick look-in at how things are playing out in various parts of the world. In the Philippines, President Rodrigo Duterte (Luzon’s

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Lessons from the Rise of Tax Credits

I’m feeling low on creativity today, so I’m going to go to that old stand-by: telling war stories. And specifically, I’m going to go back and trace the rise of tax credits in the Canadian higher education system and what that tells us about policy-making in Canada. Tax benefits for education go back to the late 1950s. There was pressure at the time to create a “national system of scholarships”, but this clearly was going to cause problems in Quebec.

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Provincial Budgets 2017

Springtime brings with it two certainties: 1) massive, irritating weekend traffic jams in Toronto as the city grants permits to close down Yonge street for a parade to virtually any group of yahoos, thus making it impossible to go from the cities east to west ends and 2) provincial budgets.  And with that, it’s time for my annual roundup of provincial budgets (click on the year for previous analyses – 2016 2015 2014 2013.  It’s not as bad as last year but it’s still

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What’s Next for Student Aid

A few months ago, someone asked me what I wanted to see in the budget.  I said i) investment in aboriginal PSE, ii) system changes for the benefit of mature students and iii) changes to loan repayment (specifically, a reduction of the maximum loan payment from 20%  of disposable income to 15%).  To my great pleasure, the government came through on two of those wishes.  But there is still a lot of work to do yet. Let’s start with the Post-Secondary

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