Policy alert

Michael Ignatieff promises student aid.

The Liberal leader’s proposed “learning passport” would provide tax-free grants of $4,000 — or $1,000 a year for four years — for students across Canada to attend college or university. Students from low-income families would qualify for as much as $6,500 over four years, or up to $1,500 a year. The money would be provided through existing registered education savings plans, or RESPs, but families would not be required to make contributions. The funds would be held until the student decides to go to school.

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