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Finance committee Those investments were welcomed and certainly long overdue. What we've seen is that the individuals who benefit most from RESPs are from higher-income or wealthier households and are able to save more for their education. What we're saying is that we need to address the problem
October 3rd, 2011Committee meeting
Jessica McCormick
Finance committee I can certainly provide more information. I'm speaking on behalf of the Newfoundland and Labrador component of the federation, so I feel that our national office can certainly provide additional information on that.
October 3rd, 2011Committee meeting
Jessica McCormick
Finance committee What we've seen in Newfoundland and Labrador is that successive provincial governments have been taking various measures to increase access. As you've said, it goes from reducing tuition fees and freezing tuition fees to reintroducing a grants program. As for what we've seen, n
October 3rd, 2011Committee meeting
Jessica McCormick
Finance committee Currently the federal government invests roughly $2.4 billion in tax credits and savings schemes. Our recommendation is actually cost-neutral: to roll those investments in tax credits and savings schemes into upfront, non-repayable grants by investing in grants or reducing stud
October 3rd, 2011Committee meeting
Jessica McCormick
Finance committee Thank you. Good morning. My name is Jessica McCormick. I'm the chair of the Canadian Federation of Students--Newfoundland and Labrador. The federation represents every public university and college student in the province and over half a million post-secondary students across Ca
October 3rd, 2011Committee meeting
Jessica McCormick