Canadian Federation of Students

Canadian Federation of Students

September 14, 2007 11:04 ET

Commission's Report is a Recipe for Student Debt, Privatisation

Attention: Education Editor, Government/Political Affairs Editor FREDERICTON--(Marketwire - Sept. 14, 2007) - The Canadian Federation of Students is calling on the Government of New Brunswick to shelve a report tabled today by the Commission on Post-Secondary Education in New Brunswick. Calling it a "recipe for student debt and privatization," students say that the report offers nothing substantial to improve access to post-secondary education.

"Students and their families need protection from tuition fee increases, but this report actually encourages fee hikes," said Graham Cox, a New Brunswick spokesperson for the Federation. "The government would be wise to shelve this report."

The Commission's report calls for a system of unregulated tuition fees and recommends a $28,000 debt ceiling for students who complete a four-year degree. With debt at that level, the province's most indebted students will pay $347 per month for ten years and pay over $13,600 in interest payments alone, prompting fears that university graduates will leave New Brunswick in order to find work to repay their loans.

The report also lobbies for a larger role for private post-secondary institutions and goes so far as to recommend that public subsidies be directed at those businesses.

"The Commission's policy proposals will drive up tuition fees and reduce access to universities. Students in the Maritimes already have the highest debt in Canada, and it is irresponsible to call on students and their families pay more in user fees," concluded Cox.
IN: EDUCATION

Contact Information

  • Graham Cox, New Brunswick spokesperson
    Primary Phone: 506-292-1157