Thursday, Oct. 23,2008 9:37 p.m.
Recently we wrote about the Rethinking Student Aid Study Group, which
came out with a report suggesting student aid was not being made
accessible enough to low-income students.Now a new report from the Canada Millennium Scholarship Foundation suggests the same problem with our northern neighbor.The
report claimed that much of student aid is offered through tax credits
from the federal and provincial governments, along with post-graduation
tax rebates, which favor more affluent students.It seems that
some Canadian students now receive a better type of aid because more of
it comes as non-repayable grants than as loans, which are more
difficult for low-income students to cope with. In 2006-07, 30 percent
of need-based student aid was provided as non-repayable grants or loan
remission – double the figure of 15 years ago.