OTTAWA, Feb. 9 /CNW/ - Today, Minister of Finance's Task Force on
Financial Literacy tabled its report recommending a financial literacy
component be included in the Canada Student Loans Program. The report
drew on research conducted by the Canadian Alliance of Student
Associations (CASA) in its 2010 publication, The Illiteracy of the Literate: The Lack of Financial Aid Knowledge
among Canadian University Students.
CASA is pleased to see the Task Force include CASA's call for simple
information to improve students' literacy regarding financial aid in
Canada. Part of the way to help students navigate the student loan
system is to increase their knowledge of how it works, but another part
is to make student loans as simple as possible.
"Canadian governments have a responsibility to ensure that any Canadian,
regardless of age or financial background, has the opportunity to
pursue PSE," said Zach Dayler, the National Director of the Canadian
Alliance of Student Associations, "Key to achieving this is ensuring
that Canadians have clear, accurate information on getting financial
support for college or university, and ensuring those programs aren't
overly complicated. You shouldn't need a law degree to navigate the
student loan system."
The Canadian Alliance of Student Associations hopes the government will
take the recommendations seriously and is encouraged by the task
force's effort to move financial literacy forward, but reminds all
governments that there is also a responsibility to make government
programs simple and easy to understand.
The relevant section of the task force's report, Canadians and Their Money: Building a brighter financial future: http://www.financialliteracyincanada.com/eng/report/report-008-eng.html#gcp
CASA's report on student financial literacy, The Illiteracy of the Literate: The Lack of Financial Aid Knowledge
among Canadian University Students: http://www.casa-acae.com/wp-content/uploads/2009/10/Canadian-Student-Survey-The-Illiteracy-of-the-Literate-June-2010.pdf
The Canadian Alliance of Student Associations (CASA) is a non-partisan,
not-for-profit national student organization composed of 26 student
associations, representing over 320,000 students from coast to coast.
SOURCE CANADIAN ALLIANCE OF STUDENT ASSOCIATIONS
For further information:
For more information or to arrange an interview, please contact:
Marianka Charalambij, Public Relations and Communications Officer
Canadian Alliance of Student Associations
Tel.: 613-236-3457 ext. 224 (c) 613-407-6420