Category: Student Aid

Fifteen Years Ago Today…

Jean Chrétien rose in the House of Commons to present his reply to the Speech from the Throne. About half-way in, he noted casually that there would likely be a financial surplus that year (a miracle, considering where we’d been in 1995). And he was planning to blow it on something called “Millennium Scholarships.” Until that exact moment, his caucus had been in the dark about the idea. Indeed, cabinet had been in the dark until the day before. So,

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Student Aid Ineligibility

Here’s a little-known fact: some Canadians graduating from high school can’t get student loans, even though they have been accepted to a post-secondary institution and have financial need. It’s not because they have a bad credit history, or anything like that: it’s simply because they live in the wrong place. Here’s why. The Canada Student Loans Program is really only half a program; by design, it sits side-by-side a number of provincial programs. This means that before you can even

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Student Aid through the Looking Glass

On the heels of Statistics Canada’s annual overview of tuition fee increases across the country (which unfortunately fails to take into account Pauline Marois’s imminen cancellation of the $254 tuition hike in Quebec), it’s worth considering something that everyone involved in student aid policy needs to come to grips with: that there is a significant fraction of student aid recipients who are better off when tuition rises, and worse off when tuition falls. I’m not making this up. Here’s how it happens:

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Follies of the Rich and Philanthropic

One of the irritating things about modern capitalism is the way media and the establishment see the need to treat rich people’s ideas seriously, even if the subject at hand is something they know literally nothing about. Take, for instance, a recent story in Businessweek about Chamath Palihapitiya. A former Facebook insider, he’s now a venture capitalist with an eye for social entrepreneurship. The story has him creating a company called Brilliant, a “global online talent registry” that plans to identify

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Worst. Student Aid Data Analysis. Ever.

While flipping through Twitter the other day, I saw what I am pretty sure is the weakest analysis of student aid data in history. I won’t prejudice readers by telling you whose analysis it was (see if you can guess). Anyways, the analysis went like this: “60% of student loan borrowers are women! Tuition fees have a gendered impact!” Honestly, that’s what it said. “Gosh,” I wondered. “Could the fact that 60% of borrowers are women have anything to do

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