All Posts Tagged With: "money"

How parental income can kill your student loans

Parents are expected to pay. But what if they can’t or won’t?

Photo by kenteegardin on Flickr

University of New Brunswick student Ben Whitney has a $5,000 hole in his budget this year thanks to the re-introduction of the parental contribution requirement for student loan funding in that province. He was loaned $8,000 last year, before the change. This year, the third-year student got just $3,000 because of what his parents—a middle manager and a secretary—took home last year from work. The 20-year-old’s parents are expected to make-up the difference. It’s money that Whitney says his parents don’t have this year.

But the issue of parental contributions, which he’s taken up with verve, means a lot more to him than sudden penury. “It’s also a matter of principle,” says Whitney. “As an adult, I shouldn’t have to depend on my parents until I’m 22,” he says. “It’s also a matter of pride to have to call my parents and ask, can you send me $20 so I can buy a bottle of shampoo?” he says. But he can’t afford such luxuries otherwise, even with a part-time job.

Continue reading How parental income can kill your student loans

Ryerson to decide on $10 fee for radio station

Previous station shut down by CRTC

Ryerson's Ted Rogers School by ⌘N on Flickr

On Ryerson University’s Toronto campus Tuesday, newspaper boxes and streetlight polls were been plastered with advertisements urging students to vote for a new student-owned radio station in a referendum next week. The old campus station, CKLN-FM, was famously shut down in a rare move by the Canadian Radio-television and Telecommunications Commision in January. “York University has one,” reads one poster created by supporters of a new station.

But will that be enough to convince students? The cost, a mandatory $10.35 charged annually to each and every student, has caused an opposition group to organize against the proposal. The vote will happen between Oct. 24 and 26. Mark Single, a fourth-year engineering student, started the No to Ryerson Radio Committee: “Supporters see this as another way to grab money from students’ pockets who don’t have money in the first place,” he told The Eyeopener.

Continue reading Ryerson to decide on $10 fee for radio station

Are young Canadians really better off than young Americans?

Why our leaders shouldn’t dismiss the Occupy Movement

Occupy Winnipeg photo by marygkosta on Flickr

Jamie Weinman has a post on Maclean’s.ca suggesting that student debt is fuelling the Occupy Everywhere protests. Weinman quotes this Washington Post article by Ezra Klein who writes that “college debt represents a special sort of betrayal.” He says he began supporting the protests after seeing a photo on the Tumblr site, “We are the 99 percent.” It was of a handwritten sign by a student that said: “I did everything I was supposed to and I have nothing to show for it.”

Their point is this. While many of the people hurt by the financial crisis should have known better—people who took out mortgages they knew they couldn’t afford and bankers who invested in financial instruments they knew were overrated—students who took on debt are different. They went into debt because they had been told repeatedly by parents, teachers, politicians and the media that educational debt is a sure route to higher paying jobs. Now that we know that’s often untrue, can we really blame them for being angry?

Continue reading Are young Canadians really better off than young Americans?

SFU lockout ends with concessions on both sides

Staff keep $30 wages, but don’t need to be replaced

Photo courtesy of stephenrwalli on Flickr

The Simon Fraser Student Society lockout has ended after 94 days. ”I think both sides compromised,” President Jeff McCann told The Peak student newspaper. The Canadian Union of Public Employees staff signed a new collective agreement with the SFSS board on Oct. 11 and went back to work.

The major relief for current employees in the new contract is that permanent staff will keep their current wages, which average $30.48 per hour. The SFSS had originally proposed a wage cut of roughly $10 before the lockout began in July. New permanent employees will start at $25 per hour—lower than the union wanted—but more in line with the average hourly wage in Canada, which was $24.71 in August, according to Statistics Canada.

The board won concessions too, in that new student employees can be paid a much lower $14.50 per hour. That could save money. McCann had long argued that wages were so high that the SFSS was being forced to cut services and bursaries. Another win, as far as the board is concerned, is that they’re not obligated to replace staff when they leave, so long as they maintain a complement of at least six full-time and two part-time staff. There are currently 12 full-time employees.

Would you pay $240,000 for a bachelor’s degree?

Forbes lists The Top 10 Most Expensive Colleges

Columbia University by Beraldo Leal on Flickr

Forbes has compiled its annual list of the Top 10 Most Expensive Colleges in America. The winner (uh, winner?) is Sarah Lawrence College, a 1,300-person institution in Yonkers N.Y., which costs $58,334 per year. So what exactly are students getting for their $240,000 degrees? “In practically all cases, our classes are seminars with an average head count of 12 students,” Thomas Blum, vice president for administration, told Forbes. It’s also noted that their small size means a small endowment, making it difficult to keep classes so intimate without charging more.

Every school on the list topped $40,000 in tuition, but that’s a bit deceiving considering most schools give out large amounts of student aid to most students. For example, the second most-expensive school is the University of Chicago, which gives out an average of $27,460 per student to nearly two-thirds of the student body. An exception is the New School for Design, which offers little aid, but still manages to attract students willing to pay $57,199 to study where Donna Karan did.

Curiously, Columbia University in New York, at No. 5, is the only Ivy League school on the list.

$100-million donated for Canada, Israel scholarships

STEM students will get $60,000 each

Seymour Schulich, who already has several Canadian schools named for him, has announced he has donated $100-million to fund scholarships in Canada and Israel, reports Shalom Life.

The Schulich Leader Scholarships are meant to increase enrollment in STEM (Science, Technology, Engineering and Mathematics) subjects, in order to spur innovation.

All graduating high school and CEGEP students in Canada and Israel who are planning to study STEM subjects may apply. Each winner will receive $60,000 over four years. Five Israeli and 20 Canadian Universities will award one scholar each in the first year of the program. After that it will grow 75 awards per year. United Jewish Appeal of Greater Toronto will administer the cash.

Schulich, a business leader, has already made donations that have resulted in the following things named for him: a medical and dentistry school at the University of Western Ontario, a library and a school of music at McGill University, a law school at Dalhousie University, an engineering school at the University of Calgary, an education school at Nipissing University and a business school at York University.

The decline of the B.A. continues

But will business degrees really lead to better jobs?

Photo by JSmith Photo on Flickr

Communication, critical thinking and problem solving are just a few of the skills that are gained from an arts education. But for many students, that list of skills doesn’t add up to a job, so they’re choosing business instead.

Worries about the decline of the Bachelor of Arts aren’t new. But when Ontario universities welcomed their biggest class ever this year, the headlines masked the fact that arts programs shrunk in size again in the province, this year by 0.3 per cent. Job-focused programs such as business accounted for much of the growth, increasing 2.9 per cent.

It’s not a new trend. Data from the Ontario Universities Application Centre (OUAC) show that between 2006 and 2010, in the average year, arts confirmations for first-year students coming from high school decreased on average by five per cent (that includes fine and applied arts, humanities, and social sciences). Business and commerce saw an increase of approximately 12 per cent.

Continue reading The decline of the B.A. continues

Swan song for music therapy at Windsor

Tiny program is too expensive: Dean of Arts

Photo by *Bárbara* Cannnela on Flickr

Enrollment has been suspended in the University of Windsor’s music therapy program, meaning no new students will be taken into the program next year. Only six or seven students graduate from the program each year and to keep accredition, the program must maintain two or more tenure-track faculty members dedicated to it, Cecil Houston, Dean of Arts and Social Sciences, told the Windsor Star. “The enrolment is just too small and the cost is just too great to maintain the professional accreditation,” Houston told the paper on Friday. Windsor’s Faculty of Arts and Social Sciences has a $1.6-million deficit on a budget of $30 million, he said.

The only other programs accredited by the Canadian Association for Music Therapy, according to its website, are available at Acadia University, Canadian Mennonite University (Manitoba), Capilano University, Wilfrid Laurier University and Concordia University.

Students targeted in five provincial elections

Candidates promise tuition freezes, bursaries and grants

Photo courtesy of a.drian on Flickr

Newfoundland and Labrador’s provincial NDP Leader Lorraine Michael says her party would phase-in needs-based grants to replace student loans in its first year of government.

It’s the latest — and arguably the boldest — election promise made to students by a party leader in the last two weeks. With five provincial elections this fall, leaders are busy courting student voters.

Under Michael’s plan, 8,000 students would have their tuition subsidized entirely. The program would cost $4.7-million in year one, they say.

But the NDP isn’t likely to win on Oct. 11. Corporate Research Associates (CRA), a polling firm, puts the Newfoundland Progressive Conservatives under premier Kathy Dunderdale at 54 per cent support, with the NDP a distant second at 24 per cent and the Liberals in third at 22 per cent.

The province already has the lowest university tuition fees in Canada — $2,624 in 2010-11, compared to $6,307 in Ontario. And tuition fees are a perennial issue in provincial campaigns.

In Ontario, where the Liberal party under Premier Dalton McGuinty is facing a serious challenge from the Progressive Conservatives under Tim Hudak,  the Liberals are promising tuition grants to reduce the cost of post-secondary by 30 per cent. Hudak is promising more access to student loans for students from middle class families. Ontarians will vote on Oct. 6.

In Manitoba, where there is a two-way race between the Progressive Conservatives led by Hugh McFadyen and the New Democrats under Premier Greg Selinger, the NDP promises more funding for universities and to maintain a tuition freeze. Voters there cast ballots on Oct. 4.

In Prince Edward Island, where voters go to the polls Oct. 3, Liberal leader Robert Ghiz has proposed elimination of the interest from the provincial portion of student loans, plus a boost to bursaries. Ghiz leads Progressive Conservative Olive Crane 59 to 31 per cent, says a CRA poll.

Students in Saskatchewan can expect election promises there soon. That election is on Nov. 7.

McGill non-academic support staff on strike

Classes will go ahead as planned: university

McGill University’s 1,700 non-academic employees went on strike at 6 a.m. this morning. The employees provide course registration, laboratory support, clerical support, record keeping, student residence management, IT support and more.

University classes will go ahead next week. ”You have the right, as a student or an employee, to cross the picket line to get to class or to your work,” the university wrote in a statement. “McGill will ensure that you can enter the campus safely.”

The collective agreement expired in Dec. 2010. MUNACA wants a three per cent wage increase. McGill has offered 1.2 per cent.*

The workers say they also want more secure benefits. ”Unlike other university workers in Quebec, there are no protections for our pensions and benefits at McGill,” wrote McGill University Non-Academic Certified Association (MUNACA) president Kevin Whittaker. “The time has come for the university to recognize our hard work and our contribution to the quality of life students enjoy.”

*This post has been updated to remove salary data that was incorrect. Maclean’s On Campus regrets the error.

This is how much your professors make

Professor salaries didn’t grow much last year

Photo courtesy of jeremy.wilburn on Flickr

Statistics Canada has released their annual professor salary report. Across 29 universities, average salaries for full-time teaching staff grew 2.5 per cent, from $113,148 in 2010 to $116,024 in 2011. Prices also rose 2.7 per cent for the 12 months ending in July, so it’s not much of a gain.

But women did make gains. The report shows a 1.3 per cent rise in the share of women teachers, compared to a 0.3 per cent rise the year before. Still, men account for 62.4 per cent of staff.

Here is the median pay for associate professors.*

Continue reading This is how much your professors make

The mechanically challenged generation

Young people today can’t hold a hammer or screw a screw

Photo courtesy of B Rosen on Flickr

By Cynthia Reynolds

It’s hard not to laugh when Barry Smith starts telling stories about the hapless young workers he has to deal with. Smith, who runs Toronto-area roofing company RoofSmith Canada, tells of one who didn’t come to work because his cat had fleas, and another who jumped off a shed roof, even though he’d just tossed bags of nails into the garbage bin below. But the laughing tapers off when Smith, 46, talks about skills.

“They don’t know how to handle a tool properly,” he says quietly. “They’re bright kids, but they hold a hammer at the top instead of the bottom, so it takes four swings instead of one to get a nail in. They don’t know how to read the short lines on a tape measure and they’ve never used power tools, which makes you really cautious.” He says they can’t seem to detect the patterns of the work—you rip up part of the roof, that gets thrown down, that goes into the garbage—so they just stand around. “It can get really frustrating.”

Continue reading The mechanically challenged generation

Quebec’s young Liberals support tuition hike

Large protests outside meeting in Sherbrooke

Quebec’s young Liberals declared their support for tuition hikes, their desire for an independent body to investigate police shootings in Montreal and support for a ban on tanning salons for youth at their meeting in Sherbrooke this weekend. Meanwhile, hundreds of other students protested outside the meeting as Premier Jean Charest addressed the audience inside.

They were protesting Charest’s plan to raise the tuition cap from roughly $2,200 to roughly $3,800 a year. The plan prompted a large protest in April at which five people were arrested.

Marie-Pier Isabelle, President of the Quebec Young Liberals told CBC News: “There are ways to have a hike that is intelligent and that permit us to maintain accessibility to post-secondary education while maintaining the quality of our universities.”

Vanier Scholarships by the numbers

Which schools got the most $150,000 research awards?

Stephen Harper presented 167 Vanier Graduate Scholarships last week at McMaster University. At $150,000 apiece, they’re the most highly sought after prizes for doctoral students studying in Canada.

Schools may only nominate a set number of students based how much money they have received in the past, which gives established PhD programs a clear advantage.

That said, the distribution of the awards tells us something about where the country’s most highly sought after researchers have chosen to study. Here’s the school-by-school breakdown.

Toronto — 28
British Columbia — 25
McGill — 25
Montréal — 12
Alberta — 11
Ottawa — 9
Calgary — 8
McMaster — 6
Western Ontario — 6
Waterloo — 5
Simon Fraser — 4
Laval — 4
Polytechnique Montréal — 3
Queen’s — 3
Dalhousie — 2
UQAM — 2
York — 2
Guelph — 2
Manitoba — 2
Victoria — 1
Concordia — 1
Sherbrooke — 1
Trent — 1
Regina — 1
Saskatchewan — 1
Saint Mary’s — 1

2011 Vanier scholarships announced

167 Awards granted to students at 26 universities

Prime Minister Stephen Harper announced the recipients of the 2011 Vanier Canada Graduate Scholarships at McMaster University today.

The prestigious award, which grants recipients $50,000 annually for up to three years, is given to outstanding Canadian and international doctoral students who choose to study in Canada. The program was announced as part of Budget 2008 to encourage world-class study to take place Canada.

“Canada’s prosperity is fundamentally linked to science and technology and highly skilled individuals whose talents bring innovative ideas to life,” said Prime Minister Harper. “I am pleased to congratulate the 167 recipients of this year’s Vanier Canada Graduate Scholarships – researchers whose ideas will help produce tomorrow’s breakthroughs and keep Canada’s economy growing.”

This year, 28 awards went to University of Toronto researchers, 25 to McGill , 25 to UBC, and 12 to Université de Montréal. Areas of study include sociology, astronomy and astrophysics, and molecular biology. The complete list of award recipients can be found at http://www.vanier.gc.ca/.

Foreign students spared fee hike at Dalhousie

Foreign students were staring down 10 per cent fee hike

Photo courtesy of Anirudh Koul of Dalhousie

International students at Dalhousie University have been spared a 10 per cent hike to their already-expensive tuition fees.

Could governments finally be defending the students who bring so much money into Canada?

Dalhousie had proposed a seven per cent hike in differential fees, on top of the regular three per cent increase for all students, which would have meant a 10 per cent hike for internationals.

That was rejected by the Nova Scotia government in favour of an increase of 3.5 per cent in differentials, or 6.5 per cent in total. Currently, international students pay $3,630 more per term (or $7,260 more per school year) than Canadian students.

Dalhousie officials said they had requested the larger increase to support improved services for international students, including more advisors and workshops. Carolyn Waters, vice president academic, told the Chronicle Herald that more services are necessary because the number of international students at Dalhousie has grown by 85 per cent since 2008.

They now make up 10 per cent of the total student population.

But several international students had complained about the proposed increase, arguing that it was unfair and unafforable. Some wrote letters to the provincial government, saying that a fee increase would drive international students away from the university.

“[International students] might have to go back to their own country or shift to another university,” Meela Auaduer, a second year student from Malaysia, who penned one of the letters, told the CBC.

The debate over international student’s fees has been heating up across Canada in the past few years. International students pay up to three times what domestic students pay to attend. For example, a full time domestic student at the University of Manitoba studying Law would pay $8,705 in tuition per year while an international student would pay $19,863 for the same course.

The differential fees are meant to reflect the fact that governments provide much of the funding for domestic students. (Click to see how much of your tuition bill is covered by the government.)

But the students are all very good for Canada’s economy. A report from Foreign Affairs and International Trade showed that there were 178,000 international students studying in Canada, who produced $6.5-billion for the economy in 2008. $291 million went directly into government coffers. In total, international students created economic activity that sustained 83,000 Canadian jobs.

Other student groups will be pleased with Nova Scotia’s decision. ”The term that’s being used here a lot on campus [for international students] is ‘cash cows,’” Aisyah Abdakahar, a former vice-president for the University of Manitoba Students Union, told the Winnipeg Free Press.

GG creates award to honour Will and Kate

Preference to those studying Monarchy or Aboriginals

Governor General David Johnston and his wife Sharon have created a one-time $5,000 scholarship at the University of Waterloo to honour the Duke and Duchess of Cambridge, William and Kate.

The recipient will be chosen by officials at the University of Waterloo, but preference will be given to a student who is pursuing studies related to the British Monarchy or Canada’s Aboriginal peoples. They will also need to have volunteered and shown leadership to be considered.

David Johnston was president of the University of Waterloo from 1999 until 2010. The Johnstons attended William and Kate’s wedding on April 29.

More information about Their Royal Hignesses Duke and Duchess of Cambridge Award can be found here.

First Nations University student body president stole $30,000

“Accomplishments” kept him out of jail: judge

A former student council president at the First Nations University of Canada in Saskatoon has been convicted of fraud and theft of $30,000.

Blue Pelletier, 31, repeatedly wrote himself cheques from the student union’s bank accounts in 2006 and 2007 and never accounted for the money. Three other members of the council testified that Pelletier had told them he had used the money to buy a car and furniture for himself.

But he won’t go to jail. Instead, he’ll serve an 18-month conditional sentence that includes a curfew and he’ll be required to pay $20,000 back to the student’s council, reports CBC News.

Judge Gerry Allbright said that although Blue Pelletier is guilty, he had accomplished so much in his life that it proved the fraud was “no doubt, in my mind, an aberration.” Had it been more than an aberration, he would have gone to jail, said the judge.

That’s despite the fact that Pelletier accused the other council members of lying and blamed the lack of records for the cheques on a “lackadaisical” style of accounting. He had pleaded not guilty.

Private residence at Trent clears hurdle

Students oppose private-public partnership

Trent University’s plan to allow a private residence on its property cleared a hurdle late Monday evening. Peterborough City Council’s planning committee threw their support behind the 450-bed private residence proposed for 4.5 hectares of land leased from the school for 99 years, reports the Peterborough Examiner.

But that wasn’t until they heard opposition from students and residents. Ian Cameron, a Trent student, opposes the private nature of the deal. “This residence is purely going through for income,” he said, admonishing the committee for considering the project in the summer when many students aren’t in town. Several other residents raised concerns about the safety, noise and traffic.

But Trent President Steven Franklin defended the project. ”Trent needs to grow,” he said, explaining that “competitor” universities have similar arrangements.

The agreement between Trent University and Residence Development Corp. was leaked to the Examiner in December. It showed that Trent would collect $1,779,200 in land lease payments at the beginning of the deal and then five per cent of gross revenue each year, starting in the twentieth year of the lease.

Top 10 highest paid university officials in Canada

Click to see who made more than $1-million last year

Here are the Top 10 highest paid university officials in Canada, ranked by their base salaries.*

1. David Johnson
University of Waterloo president (now Governor General of Canada) — $1,041,881

2. Moriarty William
president of the University of Toronto Asset Management Corp. — $697,020

3. Amit Chakma
vice-president of the University of Waterloo (but president of Western as of July, 2010)  — $500,000

Continue reading Top 10 highest paid university officials in Canada