HRPD Committee Report
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ENDNOTES:
- Organization for Economic Co-operation and Development (OECD), The OECD Jobs Strategy: Technology, Productivity and Job Creation, Paris, March 1996. This study was prepared under the direction of Luc Soete at the request of the G7 and presented at the Jobs Summit in Lille, France.
- Human Resources Development Canada, Federal and Provincial Support to Post-Secondary Education in Canada: A Report to Parliament, 1995-96, Ottawa, 1997. Combined direct expenditures of provincial, territorial and municipal governments totalled $10 billion while direct federal expenditures reached $2 billion. Student fees reached $2.2 billion and income from other sources (donations and investment income) $1.9 billion.
- The participating provinces and territories determine eligibility based upon criteria established by the federal government.
- In 1995-96 total expenditures by provincial and territorial governments related to scholarships and aid for post-secondary students were $735 million.
- The February 1997 Budget extended the period of time during which borrowers can defer payments from 18 to 30 months. During this time, the government pays the interest for the student. Combined with the initial six months after graduation when no payments are required, borrowers can have up to three years of help.
- This figure is based on the Consumer Price Index. The base year of 1986 represents 100 points. Tuition costs in 1996 were pegged at 240 points.
- Government Accounting Office, Restructuring Student Aid Could Reduce Low-Income Student Drop-Out, Health, Education and Human Services Division, March 1995.