TORONTO, Feb. 26 /CNW/ - Federal Finance Minister Jim Flaherty announced
the creation of a new Canada Student Grant Program in today's federal budget.
The announcement included a commitment to maintain the current level of grant
funding and promised additional grant funding to be made available throughout
the next four years, growing from $350 million dollars in 2008-09 to
$430 million dollars in 2012-2013.
The grants paid will range from $250 dollars a month for low-income
students and $100 dollars a month for middle-income students and the program
will provide grants to approximately 245,000 students per year. The Canada
Student Grant is going to be delivered based on income thresholds and will be
paid through all years of study.
"Ontario students are appreciative of the maintained investments and are
encouraged by increased investments in student grants for future years," said
David Simmonds, President of OUSA. "We are cautiously optimistic about the
delivery mechanism for the announced grant program and will move forward
bearing the responsibility of ensuring that the Canada Student Grant Program
is delivered in an efficient and transparent manner," continued Simmonds.
Ontario students are prepared to engage in conversations with Ministers
Solberg and Flaherty to ensure that the intended results become a reality for
students across the province. Debt burdens in Ontario continue to be too high
and OUSA will work hard to ensure that this program helps alleviate debt and
increases access for those who need it the most.
For more information on OUSA's policy and campaign activities, please
OUSA represents the interests of more than 140,000 professional and
undergraduate, full- and part-time university students at seven institutions
across the province.
For further information:
For further information: David Simmonds, President, OUSA, (519)
932-0018; Chris Locke, Executive Director, OUSA, (416) 341-9948; Howie Bender,
Director of Communications, OUSA, (416) 341-9948