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2008 Federal Budget
Federal Budget Delivers National System of Student Grants - Replaces Unaccountable Private Foundation
OTTAWA - Students welcomed the creation of a national system of grants, announced in today's Federal Budget. The grants program is being introduced as the Millennium Scholarship Foundation mandate comes to an end.
"The government has taken a positive step towards improving access to
post-secondary education," said Amanda Aziz, National Chairperson of the
Canadian Federation of Students. "By implementing a national system of grants,
the government has responded to a long standing call by students and their
families."
The 2008 budget provides $350 million for grants to low- and
middle-income students starting in 2009, with the total funding rising to
$430 million by 2012. The grants will range from $800 to $2,000 per student
per year and provide grants to approximately 245,000 students per year.
The Canadian Federation of Students has been calling for an accountable
and transparent replacement for the Millennium Scholarship Foundation since
the Foundation's creation in 1998.
"Today's announcement marks the end of Canada's tenure as one of the few
western industrialised nations without a national system of grants," said
Aziz, "it was long overdue."
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