Students Call for $2.1 Billion Grants Program to Replace Millennium Scholarship Foundation

    OTTAWA, Oct. 4 /CNW Telbec/ - In a new policy paper released today, the
Canadian Federation of Students proposes a new grants program to replace the
beleaguered Millennium Scholarship Foundation, set to expire in 2009. By
re-organizing wasteful and ineffective education-related tax credits and tax
havens, the federal government can offer more than $2 billion in need-based
grants without increasing spending in the next budget.
    "The federal government has both the opportunity and the fiscal power to
act now to improve access to post-secondary education and reduce student
debt," said Amanda Aziz, National Chairperson of the Canadian Federation of
Students. "Tuition fees are putting tremendous pressure on many families. A
new grants program is not only possible, it is necessary to make
post-secondary education more affordable."
    In addition a new framework for federal need-based grants, the
Canadian Federation of Students proposes other policies aimed at improving
access to universities and colleges and reducing student debt:

    - Expanded eligibility criteria for the Debt Reduction in Repayment
    - Increased federal transfers to the provinces for reducing tuition fees
    - A federal department of Post-Secondary Education and Research
    - Increased funding to support Aboriginal students
    - Greater support for Statistics Canada's education data collection

    The Canadian Federation of Students' new paper, titled Strategy for
Change: Money does matter, can be downloaded here: (3.4MB)

For further information:

For further information: Amanda Aziz, National Chairperson, (613)
232-7394, ext. 21; Ian Boyko, Government Relations Coordinator, (613) 232-739,
ext. 22

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