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Tag: Student Loans

A Long-Term View of Student Financial Aid in Canada

Over Xmas, someone asked me on Twitter whether student loans were replacing direct government support as a main source of public assistance.  I answered, no, direct government support either from the feds (mainly through research and infrastructure) or the provinces (operating grants), are worth about five times more that the annual value of student loans.  To wit, Figure 1. Figure 1: Annual Student Loan Disbursements vs. Total Government Transfers to Post-Secondary Institutions, Canada, 1989-90 to 2019-20, in constant $2019 Millions

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January 26, 2022 1 Comment

Inter-provincial Differences in Borrowing and Debt

I recently published some time series data on student debt in Canada, to wit: Figure 1: Average Student Debt at Graduation, Various Sources in constant $2021, Canada, 1982-2021 *indicates data from the Canada University Consortium; otherwise data is from the National Graduates’ Survey As is often the case, national figures obscure provincial differences. So today I wanted to put some data out there to provide those nuanced regional figures. Let’s start with the issue of annual borrowing.  In Figures 2

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October 4, 2021 1 Comment

That NDP Student Debt Forgiveness Promise

Today, I want to look at Jagmeet Singh’s recent promise that an NDP government would forgive up to $20,000 in federal student debt.  It was a fascinating little announcement, which is part-super-savvy and part deeply-perplexing. The announcement itself, which you can read in the NDP press release here,  says that an NDP government would i) eliminate interest on student loans because interest = profit, ii) bring in a 5-year waiting period before student loans became repayable and iii) forgive the first $20,000

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April 7, 2021 2 Comments

The US Student Debt Cancellation Debate

If you follow US policy debates at all, you will probably over the last couple of years have noticed that the idea of student debt cancellation has become a totem of the progressive left.  With the election of Joe Biden two weeks ago (and again this week, after several recounts) this issue is coming centre-stage, with some kind of executive order on the matter being seen potentially as an “early win” for the new administration.  Below, I answer some of

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November 19, 2020 No Comments

Why is the NDP so Bad on Student Aid?

Here’s a thing which has puzzled me for pretty much the entirety of my adult life: why is it that the New Democratic Party – in theory the party most likely to defend the marginalized – can’t come up with decent student aid policies?  Why is it that at every turn, they choose to embrace the policies that are the least equitable and effective? (Major caveat: I exempt the BC New Democrats from this analysis, because they mostly have their

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November 12, 2020 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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