I'm really glad you asked that, because in fact our proposal is very similar to what you just suggested, and that's a mixture of grants and loans being done by one central body.
The problem right now with the way in which grants are being administered is that there is a whole confusing patchwork of different programs, so part of our proposal is to simplify that. It's not just to simplify that from a student's perspective, but to ensure there's efficiency and effectiveness from the government's perspective.
The representative from the AUCC just handed me one of their briefs, which also talks about the need for student financial assistance and need-based support. Our proposal very much does that and proposes a grant/loan package that's indivisible, that's provided to students at the time they register, at the time they are accepted to university and college.