Reading material!
This weekend, I will be attending a meeting of the Executive Committee of the Canadian Federation of Students - British Columbia Component, at the University of Victoria. To prepare for this meeting, I assembled the minutes of previous Executive Committee meetings that were on file at the Kwantlen Student Association. After doing so, I thought that a good close to the day would involve scanning said documents and posting them online! They can be viewed here:
Alex Usher comments here on the unforseen negative effects of the decision of the government of Prince Edward Island to reduce tuition fees by 10% [PDF]. (The government also committed to maintaining tuition fees to the relate of inflation for the next four years.) Usher suggests that because the provincial loan forgiveness program would continue to forgive students loans higher than $6000, students receiving such loan forgiveness would not see any benefit from a fee reduction.
The problem - as I see it - is this: if what is happening to "Jill" in Usher's story is happening to lots of people in Prince Edward Island, then the net effect is that the provincial government will be spending less money on its student aid program, since so many students would be qualifying for less financial aid. Now, I can only presume that the officials in the Provincial Treasury and the Department of Education have anticipated this effect. They have two choices:
http://www.studentunion.ca/cfs/bc/exec/index.htmlIn other news....
Alex Usher comments here on the unforseen negative effects of the decision of the government of Prince Edward Island to reduce tuition fees by 10% [PDF]. (The government also committed to maintaining tuition fees to the relate of inflation for the next four years.) Usher suggests that because the provincial loan forgiveness program would continue to forgive students loans higher than $6000, students receiving such loan forgiveness would not see any benefit from a fee reduction.
The problem - as I see it - is this: if what is happening to "Jill" in Usher's story is happening to lots of people in Prince Edward Island, then the net effect is that the provincial government will be spending less money on its student aid program, since so many students would be qualifying for less financial aid. Now, I can only presume that the officials in the Provincial Treasury and the Department of Education have anticipated this effect. They have two choices:
- Maintain the threshold for loan forgiveness at its current level, thus disbursing less financial aid to students, thus reducing the budget of the PEI loan-forgiveness program (perhaps to fund the tuition cut?), OR
- Decrease the threshold for loan forgiveness, but maintaining the loan-forgiveness budget at its current level. In this case, the tuition cut would have to be funded by some other souce (tax hike, cut to some other government service, university capital freeze, etc.).
Labels: cfs, post-secondary_education