2017 Federal Advocacy Asks — Federal Student Loans

2017 Federal Advocacy Asks — Federal Student Loans

Federal post-secondary education tax credits have been around since the 1960’s as a financial aid measure.They have been highly criticized, however, because tax credits disproportionately benefit those from higher-income backgrounds; on average, students directly receive only ⅓ of tax credit expenditures; and tax credits are inaccessible financial instruments for low-income students because they are often ineligible to claim them or they are carried forward until they have graduated.

We recommend that the government eliminate the Tuition Tax Credit and reallocate the estimated $1.5 billion to be spent in 2018 to upfront grants and loans to be administered through the Canada Student Loans Program.

Read the full briefing: here.