All Posts Tagged With: "completion grants"
Goodbye parental contribution
Aside from promising no tuition, one of the most interesting ideas in the Alberta Liberals’ platform last week was that they would no longer consider parental income when students apply for loans.
In this week’s budget, the Progressive Conservative government beat them too it, with a plan that does away with parental contributions as of Aug. 1. Students will need to contribute a flat rate of just $1,500 to their educations before they’ll be considered eligible for student loans. They’ll no longer be rejected based on savings, part-time job earnings or high parental incomes.
Students have long argued that it’s unfair to deny them loans based on their parents’ incomes. After all, just because your parents earned a certain amount, it doesn’t mean they’ll share it with you.