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Liberals announce $4,000 for every student UPDATED

Plan would be financed by rolling back corporate tax cuts


 

Every high school student in the country would be eligible for at least $4,000 in student grants under a Liberal government, leader Michael Ignatieff announced this morning. A $1,000 payment would be provided every year while a student is between the ages of 14 and 17, if their parents open a Registered Education Savings Plan account. Students from low-income families would receive $1,500 a year, or a total of $6,000. The grants, called the Learning Passport, would be paid out while the student pursues post-secondary education, and could be used to fund university or college. The plan, part of the Liberals party’s Canadian Learning Strategy, would cost $1-billion a year, and would be on top of existing support for students. Funding would be provided by reversing corporate tax cuts.

UPDATE: The Liberals have clarified how the Learning Passport would be applied to CEGEPs in Quebec. Because tuition for the junior colleges only costs $500 per year, instead of payouts of $1,000 or $1,500 being made over four years, they would be made over five years, the Globe and Mail reports. Further changes could be announced to take into account differences in other provinces besides Quebec.

Additionally, as was announced this morning, the new grant would replace, while providing “significantly” more funding, than the education tax credit and the textbook tax credit.


 
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Liberals announce $4,000 for every student UPDATED

  1. So students can only access this money if there parents have the foresight to open an RESP account for their child? Doesn’t seem like a very good plan to me. I can understand not wanting to create a brand new bureaucracy – but leaving some university and college students behind because of their parents error doesn’t seem like very good education policy.

    • Most people are missing that this is only for high school kids, NOT ALL CHILDREN. This program discriminates against the majority of children in this country.

      The liberals are catching headlines with this, but as they say it is all in the details.

      Every child, even those in Elementary should get this money.

      For me to wait till my daughters are in high schools in the hope that the program will be around is a bigger crap shoot than the Harper income splitting offer.

      Everyone, email your local liberal candidate and tell them to make it universal.

      • Are you insane? Do you know the cost of such a program? Just the high school students alone is 1 billion dollar. Your children may not even grow up to graduate. Why throw money at children when it’s of no use?

  2. .
    Just make it FREE.

    Poor though they be, that’s how Cuba did, and I don’t think they have changed. At my university, $6000/4 years is becoming chicken-feed.

    China is now slated to be world leader in science output by 2013. They didn’t get here by driving students into poverty.

    Back to Harvard. Stop visiting. Peddle your half-way drivel where they will appreciate it.
    .

    • And how do you plan on funding free university?

      If it cost 1 billion dollars to give out 4000 dollars to every highschool student, how much would it cost to put a young adult through university?

      It may sound good in theory but in practice good luck.

  3. What about more mature students, who go back to school in the hopes of getting a better job? Those students are much older than 17 and don’t have RESPs, since those weren’t in existence when they were younger.

    What a horrible plan. It certainly won’t get me to vote Liberal.

  4. Why all the downers about helping other students? Rather have more prisons or something? LOL.
    I’ve already put myself through university as a mature student, but I think a plan which focusses on helping more high school students who have the grades get to university and helps them stay there if they do well academically is good. I understand the RESP target is to make this very low overhead, which is likely needed until we get the huge deficit/debt under control. Had Harper not overspent before the recession, we would be in a better position, but one has to work with what one has. Much better to many students than not to help any.

    • If harper had not overspent before the recession we would have been hit a thousand times harder.

  5. This sounds like a great plan. If we want to think of ourselves as a first world nation we need to start acting like one. Putting money into education is a great start.

    I hear people complain every day about how they hate their job and want more money. Higher education is the key. And if the government is going to give people some help getting into school then all the power to them.

    Stop tax cuts and lets get some money back into our system.

  6. Yikes, it would replace the education tax credit? No thanks. Again, mature students can claim the tax credit, but wouldn’t be eligible for this new program, since they certainly aren’t 14-17.

    Besides, aren’t most university students starting university at 18, unless they happen to have a birthday in September-December? So how would this help the majority of university students at all? The only ones who would be helped would be those who happened to skip grades when they were younger, or those going to CEGEP in Quebec and then onto university.

    Bad, bad idea to replace the education tax credit, unless they expand it to include ALL post-secondary students.

  7. Most people are missing that this is only for high school kids, NOT ALL CHILDREN. This program discriminates against the majority of children in this country.

    The liberals are catching headlines with this, but as they say it is all in the details.

    Every child, even those in Elementary should get this money.

    For me to wait till my daughters are in high schools in the hope that the program will be around is a bigger crap shoot than the Harper income splitting offer.

    Everyone, email your local liberal candidate and tell them to make it universal.

    • Those in elementary aren’t being discriminated against. When they get to high school, they’ll get it too. “Oh noes, the program might not be there when my kids get to high school!” You know what, the government offer stuff to seniors, new parents, and tonnes of other groups. Later, some other government alters it or removes it entirely. The world changes, get used to it. Posting your same “what about me” twice over just makes you look like a greedy child.

  8. This is wrong.. graduate students stay in university for and extra 5-7 years.. if they lose that tax credit, they will be far worse off.. this plan does not provide funds to graduate students and presumably cuts their educational credits..

  9. The Internet is the best learning passport in the world. Check this out:

    http://surftofind.com/file

    Isn’t that amazing? People are getting killed and the scapegoat that manages to avoid persecution, gets hammered again, and we pretend that justice has been served?

    Talk about massive delusion….

  10. What about he students who are already in University? I am three years in with 1.5 years to go and I am already $13,000 in debt and will like be $20-$26,000 in debt by the time I am done. Do we get some assistance?

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