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mm January 24, 1997 Memorial University of Newfoundland Volume 47, Number 13 Education groups rally to change student-aid By SAMER MUSCATI (CUP) OTTAWA — An unlikely coalition of university administrators, professors and students have put aside their past differences and asked the federal government to revamp its delivery of student aid. Seven national post-secondary education groups jointly released a series of recommendations on Jan. 20 that they say will help students cope with rising tuition costs and increased debt-loads. The group wants the federal government to introduce new student-aid grants, interest relief on loans, opportunities for work-studies and tax relief measures. "There is no single solution to Ottawa examining differential loans More money may be made available for students with dependents By MICHAEL CONNORS and MARK TIPPLE Four months after nine of Canada's premiers called on Ottawa to increase student aid, plans for raising federal lending limits are still inconclusive. The investigation of student aid levels started last September after the First Minister's conference in Alberta. At that conference the premiers acknowledged that student aid levels have not increased to meet the rising costs of post- secondary education. But questions have been raised about the value of raising student loan limits across the board. Gerry Godsoe, policy group manager with Canada Student Loans, says the agency is "examining the [students'] repayment obligation" in light ofthe prospect of amassing giant debts in the future. "We're asking ourselves, 'Does one loan limit for all students make sense?'" Godsoe said. "The loan maximum only affects a small minority. Only a small percentage of students, less than a quarter, are at the full level." However, according to the provincial representative ofthe Canadian Federation of Students (CFS), such increases are a necessity to help students survive the economic struggles of post-secondary education. Dale Kirby, Newfoundland's executive representative to the CFS, said there is no other option. "What's the alternative?" Kirby asked. "Less people having access to education?" Kirby agrees, however, that across-the-board increases will only result in loading students with more debt. "The real solution is a new structure on grants and a cap on the amount you can borrow. You're not going to solve anything by just giving people another $20,000 debt." According to Godsoe, the federal government has already introduced a series of special opportunity grants in the last few years covering students with permanent disabilities, part-time students and women pursuing doctorates in certain fields. The government is also looking at extending the grant system as part of a proposal submitted to them by the Association of Universities and Colleges of Canada on Jan. 20. He said it is too early to speculate what the result will be, •Please see "Special" on page 11 student debt-load," said Don Savage, executive director of the Canadian Association of University Teachers. "The proposals are a remarkable thing. Most importantly, we have developed a package of solutions that address the various problems." The main problem, say coalition members, is that student debt is rising unchecked at an alarming rate. Statistics Canada estimates that student loan debt-loads will triple to $25,000 in 1998 from $8,700 in 1990. The education groups are urging the government to move fast and accept the recommendations to keep post-secondary education accessible. Gerry Godsoe, a government policy manager for the Canada Student Loans Program, says it's too early for the government to respond to the proposals, but promises to take a close look at them. One key element ofthe package is new targeted grants to help disadvantaged students by providing special financial aid. Single par- • Please see "Give" on page 11 Bank of Montreal President Anthony Comper was at MUN last week to donate a $250,000 scholarship fund. Photo by Mike Bannister Students criticize bank donation Bank of Montreal donates $250,000 scholarship fund By DAVID COCHRANE Student leaders in this province are giving mixed reviews to a new scholarship fund donated to Memorial University by the Bank of Montreal. On Jan. 20, Bank President Anthony Comper announced to a crowd of university, government and bank officials a $250,000 endowment, which will be used to award a $3,000 annual scholarship to entry-level MUN students. Students will be awarded the Bank of Montreal scholarship CAN A BANK CHANGE? Some critics say the Bank of Montreal's recent donations to universities is an attempt to buy a better corporate image. on the basis of academic achievement and level of financial need, with priority going to students who receive loans. The scholarship can be renewed for up to four years if the student maintains a high average. Council ofthe Students' Union President Robert Mendoza thanked Comper for the donation at the press conference, but later was more critical of the Bank. "I think it's a positive initiative," Mendoza said, "but at the same time I think the banks have a long way to go on campus and in general. I think the banks can do a lot more on campus." The Bank of Montreal and Canadian banks in general, have been criticized recently for making too much profit and for the • Please see "Banks" on page 15 PlAn/min/g a tkiP oil or? to the mAl^ OILG/^SflZjE YOOIL f%l£N/Df \rVlTH A THHEe-irVAY CAW-. Call Return-Missed Call Call Return-Busy Three-Way Calling *69 • 66 *71 NEWTEL 35t per activation. Where available. Wdoes notivork on displayblocked calls.
Object Description
Description
Title | Cover |
Description | The Muse, vol. 47, no. 13 (24 January 1997) |
PDF File | (22.70MB) -- http://collections.mun.ca/PDFs/muse/TheMusevol47no1324January1997.pdf |
Transcript | mm January 24, 1997 Memorial University of Newfoundland Volume 47, Number 13 Education groups rally to change student-aid By SAMER MUSCATI (CUP) OTTAWA — An unlikely coalition of university administrators, professors and students have put aside their past differences and asked the federal government to revamp its delivery of student aid. Seven national post-secondary education groups jointly released a series of recommendations on Jan. 20 that they say will help students cope with rising tuition costs and increased debt-loads. The group wants the federal government to introduce new student-aid grants, interest relief on loans, opportunities for work-studies and tax relief measures. "There is no single solution to Ottawa examining differential loans More money may be made available for students with dependents By MICHAEL CONNORS and MARK TIPPLE Four months after nine of Canada's premiers called on Ottawa to increase student aid, plans for raising federal lending limits are still inconclusive. The investigation of student aid levels started last September after the First Minister's conference in Alberta. At that conference the premiers acknowledged that student aid levels have not increased to meet the rising costs of post- secondary education. But questions have been raised about the value of raising student loan limits across the board. Gerry Godsoe, policy group manager with Canada Student Loans, says the agency is "examining the [students'] repayment obligation" in light ofthe prospect of amassing giant debts in the future. "We're asking ourselves, 'Does one loan limit for all students make sense?'" Godsoe said. "The loan maximum only affects a small minority. Only a small percentage of students, less than a quarter, are at the full level." However, according to the provincial representative ofthe Canadian Federation of Students (CFS), such increases are a necessity to help students survive the economic struggles of post-secondary education. Dale Kirby, Newfoundland's executive representative to the CFS, said there is no other option. "What's the alternative?" Kirby asked. "Less people having access to education?" Kirby agrees, however, that across-the-board increases will only result in loading students with more debt. "The real solution is a new structure on grants and a cap on the amount you can borrow. You're not going to solve anything by just giving people another $20,000 debt." According to Godsoe, the federal government has already introduced a series of special opportunity grants in the last few years covering students with permanent disabilities, part-time students and women pursuing doctorates in certain fields. The government is also looking at extending the grant system as part of a proposal submitted to them by the Association of Universities and Colleges of Canada on Jan. 20. He said it is too early to speculate what the result will be, •Please see "Special" on page 11 student debt-load," said Don Savage, executive director of the Canadian Association of University Teachers. "The proposals are a remarkable thing. Most importantly, we have developed a package of solutions that address the various problems." The main problem, say coalition members, is that student debt is rising unchecked at an alarming rate. Statistics Canada estimates that student loan debt-loads will triple to $25,000 in 1998 from $8,700 in 1990. The education groups are urging the government to move fast and accept the recommendations to keep post-secondary education accessible. Gerry Godsoe, a government policy manager for the Canada Student Loans Program, says it's too early for the government to respond to the proposals, but promises to take a close look at them. One key element ofthe package is new targeted grants to help disadvantaged students by providing special financial aid. Single par- • Please see "Give" on page 11 Bank of Montreal President Anthony Comper was at MUN last week to donate a $250,000 scholarship fund. Photo by Mike Bannister Students criticize bank donation Bank of Montreal donates $250,000 scholarship fund By DAVID COCHRANE Student leaders in this province are giving mixed reviews to a new scholarship fund donated to Memorial University by the Bank of Montreal. On Jan. 20, Bank President Anthony Comper announced to a crowd of university, government and bank officials a $250,000 endowment, which will be used to award a $3,000 annual scholarship to entry-level MUN students. Students will be awarded the Bank of Montreal scholarship CAN A BANK CHANGE? Some critics say the Bank of Montreal's recent donations to universities is an attempt to buy a better corporate image. on the basis of academic achievement and level of financial need, with priority going to students who receive loans. The scholarship can be renewed for up to four years if the student maintains a high average. Council ofthe Students' Union President Robert Mendoza thanked Comper for the donation at the press conference, but later was more critical of the Bank. "I think it's a positive initiative," Mendoza said, "but at the same time I think the banks have a long way to go on campus and in general. I think the banks can do a lot more on campus." The Bank of Montreal and Canadian banks in general, have been criticized recently for making too much profit and for the • Please see "Banks" on page 15 PlAn/min/g a tkiP oil or? to the mAl^ OILG/^SflZjE YOOIL f%l£N/Df \rVlTH A THHEe-irVAY CAW-. Call Return-Missed Call Call Return-Busy Three-Way Calling *69 • 66 *71 NEWTEL 35t per activation. Where available. Wdoes notivork on displayblocked calls. |
Date created | 2018-03-26 |