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Category: Student Aid

“Eating the Future” in Action

Y’all probably remember me talking about how Canada is eating the future by spending tons of money on consumption but not enough on real investments that pay dividends down the line. Today, I want to show you a prime example of that, and this: spending on the elderly. In every budget there is a line-item called “Elderly benefits” which includes Old Age Security (the non-contributory pension everyone over 65 gets) and the Guaranteed income Supplement (the means-tested income boost for

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November 13, 2024 4 Comments

A Sub-par Study on Returns to Education

Last Week, Royal Bank produced a study with the brash headline “Financial Returns After a Post-Secondary Education Have Diminished.” Within the limited terms of the limited methodology of the first half of the mini-paper, the headline is not entirely incorrect. But man, this is a disappointing piece of analysis from an organization with pretensions to thought leadership. So, what does this paper say? Basically, part 1 of the paper takes four data points for university (NOT all of post-secondary—strike one

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September 17, 2024 1 Comment

What if We Have Been Measuring Student Debt Wrong All Along?

I was just running the numbers on student debt in Ontario. They are interesting. Time used to be that the Provincial government published these numbers on its own. This Ontario open data set has data from 2003-04 to 2011-12. Since then, I have been filing FOI requests and the government have been providing identical basis. Figure 1 shows the results, according to the administrative data held by the Government of Ontario. Turns out that based on this data—which should be

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June 3, 2024 3 Comments

60 Years of a “National” Student Assistance Program

The Canada Student Financial Assistance Program (CSFAP)—neé the Canada Student Loans Program (CSLP)—turns 60 years old this weekend. The story of how it came into being and how it still manages to function carries important lessons for the functioning of Canadian federalism, particularly when it comes to making “National Programs.” Education is, of course, a provincial responsibility. It’s part of the deal that made Confederation possible: Quebec could only consent to a national government with representation-by-population government if there a

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April 10, 2024 No Comments

Why Student Debt Might be About to Rise

One huge misconception about student debt is that it is mostly a function tuition fees, or the cost of living. But that’s only partly true. In fact, borrowing is a function of assessed need (that is, assessed costs minus assessed resources). And, in turn, assessed need is subject to maximums. Governments—at least, governments outside Quebec—don’t simply hand out whatever amount students need. Instead, they put maximums on total aid, which for reasons that defy easy explanation are expressed in weekly

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April 9, 2024 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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