Debt Load Reaches Unlucky Number Students at Camosun kicked off participation in a national campaign marking student debt levels reaching the $13 billion mark on January 21st. This is defined as loans disbursed by the CSL Program, less those that have been repaid, and it is increasing by $1.2 million dollars a day, or more than $430 million per year. $13 billion is more than the debt of some provinces and approximately the cost of the Afghanistan mission to date. This figure does not include the approx $5-8 billion in provincial student debt. This is largely the result of cuts to funding that have caused the share of PSE operating budgets funded by tuition fees to more than double between 1985 and 2005, rising from 14% to 30%.
Students Slam Government on Budget Cuts
Surprise 2.6% cut snuck in one month after provincial budget
One year ago, the BC government received the Campus 2020 Report on BC�s post-secondary education system, recommending major investment in research, and equalization of participation in post-secondary education from Aboriginal students and those from low-income backgrounds. Yet, the government has put it off for a year, and will continue to dawdle until the late fall. Then, just a month before the beginning of the fiscal year, while budgets were being finalized, colleges and universities got a nasty shock with a 2.6% cut to the funding they had been promised a month before in the provincial budget on top of cutbacks to funding new student seats. With economic forecasts worsening, ... more
Students Lead Demands in Transit Campaign
Federal Government Nudged to Right Decision on Student Aid
Vancouver - Students applauded the creation of Canada's first-ever national system of grants, announced in today's Federal Budget, capping several years of lobbying efforts. The grants program is being introduced as the Millennium Scholarship Foundation mandate comes to an end.
"The government has taken a positive step towards ... more