OTTAWA, Sept. 4 /CNW Telbec/ - The unemployment rate for students aged
15-24 reached 16.4% in August, up 5.0 percentage points compared with the same
month last year, according to a report released today by Statistics Canada.
"The reality is more students will be in need of student financial
assistance this fall," said Arati Sharma, National Director of the Canadian
Alliance of Student Associations. "The government must recognize that changes
to the student financial aid system are essential at this time."
Currently, when a student applies for financial assistance from the
government, it is assumed they will contribute a portion of their summer
employment income toward their education. This "pre-study income contribution"
is then deducted from the total amount of loans a student receives.
With such low student employment rates this year, and many more students
having to settle for part-time as opposed to full time hours, there are a lot
of students who will have either no pre-study income, or their earnings will
have been drastically reduced.
"The problem is that all students are required to make this contribution
whether they earned any money during the summer or not, and regardless of how
much they earned," said Sharma. "One step that will ensure students have the
necessary resources for the upcoming school year is to remove the required
summer income contribution. This will put up to $2,500 back into a student's
The Canadian Alliance of Student Associations (CASA) is a non-partisan,
not-for-profit national student organization composed of 24 student
associations, representing 400,000 students from coast to coast.
For further information:
For further information: or to arrange an interview, please contact
Jillian Flake, Public Relations and Communications Officer, Canadian Alliance
of Student Associations, Tel.: (613) 236-3457 ext. 224, (c) (613) 868-6605,