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Category: Student Aid

A Rare Piece of Good Policy in Quebec

So, although it wasn’t widely noticed at the time, one really excellent piece of policy came out of the crap-fest that was the Quebec Education Summit, a couple of weeks ago; it’s a policy that deserves a great deal of wider study and emulation.  For the first time in Canadian history, a government managed to get rid of a crappy tax credit, and use it to improve targeted, needs-based subsidies. Here’s what happened. The PQ, during its naked bid to

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May 23, 2013 1 Comment

Feed the Students, Starve the Schools?

Yesterday, I outlined the 2013-14 budget picture for university and college operating transfer funds.  Today, I’m doing something similar for student assistance. It’s a very different picture. In addition to the caveats I mentioned yesterday regarding the challenges of budget-to-budget comparisons, student aid analysis poses its own unique set of challenges.  The main one is that provinces have trouble accurately predicting demand; so if in one year demand soars (or falls), the next year tends to bring a big budget

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May 10, 2013 2 Comments

A Thought for Gabriel Betancourt

In early 1918, a fellow by the name of Gabriel Betancourt was born in Medellin, Colombia.  If the name sounds faintly familiar, it’s probably because of his daughter, Ingrid, the Colombia politician who was famously held captive by FARC guerrillas for six years.  But in education, Gabriel is the one that matters.  He’s the one who invented the idea of student loans. To be fair, student loans weren’t entirely unheard of prior to WWII, but they were rare, and were offered by

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April 26, 2013 No Comments

The Return of Income-Contingency

The idea of income-contingent repayment (ICR) of student loans has been with us for a few decades now.  In 1945, Milton Friedman advocated something like an ICR loan as a way of reducing the risk associated with educational investment.  In 1971, nobel-prize winner, James Tobin, developed an ICR for use at Yale University.  The first national-level ICR was in Australia, which introduced its Higher Education Contribution Scheme in 1988; the idea quickly spread to New Zealand, the UK, and Sweden.

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March 8, 2013 No Comments

The Uselessness of Automatic Entrance Scholarships

A couple of weeks ago, HEQCO released The Impact of Scholarships and Bursaries on Persistence and Academic Success in University, in which Martin Dooley, Abigail Payne, and Leslie Robb examined the effects of university merit scholarships in terms of grades, persistence, and degree completion.  The paper’s technical analysis was excellent, but the policy analysis wasn’t as sharp as it could have been. Most scholarships these days can be described as “automatic” awards – if you have an 80% average in high school,

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January 25, 2013 2 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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