Category: Student Aid

As I noted a few months back when writing about the 50th anniversary of the Canada Student Loans Program, CSLP was at the heart of one of the federation’s key moments in fiscal federalism.  In 1964, Lester Pearson was running into opposition in Quebec on two of his major policy initiatives: the Canada Pension Plan and the Canada Student Loans Program.  A deal on both was eventually struck: any province could “opt-out” of a federal program and receive a compensating “alternative payment”, so

I know it’s exceptionally nerdy, but I highly recommend the experience of reading a new law’s regulatory impact statement, for no other reason than to get a taste of the sheer absurdity of government these days. Take the regulations on the new Apprentice Loan Act. The executive summary on the cost-benefit of the program (scroll down a bit) reads as follows: The Canada Apprentice Loan (CAL) will cost the Government of Canada (GoC) $74 million over 10 years, from 2014–15