Mr. Speaker, I want to say how much of a pleasure it is to get the opportunity to speak this afternoon, not only about one particular component of the Canadian opportunities strategy, the central piece of that particular strategy, but the direction that this government is taking for the betterment and future of the young people of this nation.
There are two themes in the budget that will go down in history as very important turning points. As we all know and will continue to read and hear about in the history books long after we are gone, one is the fact that for the first time in my voting life we have a government which has produced a balanced budget. No matter what the opposition or people feel about what was in it or not in it, that will always be the central theme that people will remember.
There is one other very important central theme and one only in essence because this is the most important budget in our generation as it relates to post-secondary education and to students, that is that this is an education budget.
Those are the two themes in this budget that people will remember the most as years go by. They will not remember the machinations of the Bloc Quebecois or Reform or the Tories saying we should have done this or that. Those are the two themes.
In those themes I want to deal extensively with the Canadian opportunities strategy. In that strategy there is one fundamental issue as it relates to the Government of Canada, and that is access to post-secondary education for our young people today and tomorrow and to help those who have gone through the system in the last few years and have accumulated a very large debt after completing university, college or some other institutional program.
Let us go back just a little bit and look at the most fundamental part of the Canada opportunities strategy, which is the Canada student loans program.
I do not hear members of the opposition complaining about the Canada student loans program which has been giving billions of dollars to students since its inception in the early 1960s. Since 1975 and into 1995, the number of Canada student loans program recipients rose by 148% while university enrolment increased by 54%.
That program, instituted by the Government of Canada, helped generate the access to post-secondary education that was missing before my generation. It came into being at the beginning of my college and university days. There were many people in my age group and a little older who would have never gone to college or university if it had not been for the federal government.
I do not hear the members opposite telling us not to continue with the Canada student loans program because it is a bad program or that it is jurisdictionally unacceptable to be involved in education in that regard because of the provinces. As a matter of fact, they are involved in only one particular aspect today. It is because of their fear that the federal government has again launched another initiative that is going to help students obtain access to education.
I want to read something to our NDP friends who continue to ask why we are putting in a millennium scholarship fund for the year 2000 when there is a need to do something today. I will read what was in the federal budget that will help students immediately. We have recognized that there are some problems as they relate to students not only in accessibility but in planning for tomorrow and for dealing with debts today.
Some of the measures in the budget are easing student debt load; helping parents save for their children's education; promoting lifelong learning by allowing Canadians to make tax free withdrawals from their RRSPs to upgrade their skills and knowledge; and increasing funding for SchoolNet in the community to help bring the information technology into more classrooms and communities across Canada.
Our goal is to continue to introduce steady and progressive reforms to the Canada student loans program to meet those evolving needs.
I want to make sure for the record that people understand when they listen to this debate that it is not just about the millennium scholarship or the Canada student loans program. It is about the whole issue of accessibility. More important, it is about partnership with students, with parents and of course with provincial governments. I put these in their proper order because that is where they belong. The partnership has to be with students, their parents and, lastly, with the provincial governments.
The new measures announced in the budget will do these things. They will provide a new study grant of up to $3,000 for students with dependants beginning August 1 of this year. Well over 25,000 full and part time students in financial need who must support children or other dependants are expected to be eligible for this grant. For the first time, the government will provide expansion of interest relief to students who are experiencing difficulty making repayments.
Next year graduate interest relief will be introduced for others based on income. It will provide a measure to protect borrowers from defaults and bankruptcies due to high student debt.
As members can see, the Canada student loans program is evolving, changing and improving to continue to allow the children and parents of today and tomorrow the opportunity for post-secondary education. Why should we, as a federal government, be concerned about that? If we listen to the head waiters of the provincial governments in the opposition, they think the federal government should not be involved in these things because they are provincial jurisdiction.
We cannot dissociate social policy from economic policy. It is impossible to do that sort of thing. I have said this in the House before and I will say it again: The unemployment rate for those who have a post-secondary education drops to 5%, half the rate of unemployment in Canada. That is the rationale for the federal government being involved in post-secondary education and in access to post-secondary education now and in the future.
A central piece of this strategy besides the Canada student loans program is the new millennium scholarships fund. I appreciate the opportunity the Bloc has given us to promote the Canada millennium scholarships fund and to bring it to the attention of all Canadians. It is a lot cheaper to promote it standing here while people listen than it would be to spend money on sending promotional material and booklets across the country. It is a good saving for taxpayers.
Why would anybody be opposed to a millennium scholarships fund? It is at arm's length from the government. It is a foundation. Those appointed to look after it will be people with experience in education who understand the needs of students across the nation.
An interesting aspect is that the private sector has an opportunity to put money into this foundation. The $2.5 billion we start with will not be the end of it. We could end up with a $5 billion foundation for scholarships if the private sector comes to the table to help us and if the provinces see fit when they have surpluses, like Alberta, to put some of their money into the foundation. They could do this instead of whining and bellyaching about what the federal government should not do.
There is one most important attitude which federalists and Canadians should have. For years the federal government has helped in areas of provincial jurisdiction because we believe in partnership. We believe in partnership with citizens, not necessarily with governments. Those are institutions created to serve people.
The millennium scholarships fund, the Canada student loans program and the Canadian opportunities strategy are intended to deal with partnerships with students, partnerships with parents and partnerships with those levels of government that have the fortitude and long term vision to understand what this will mean for future generations and for the country as an economic trader and exporter.
I am thankful for the opportunity to say why this is such an important undertaking. The budget we have just submitted to Canadians will go down in history as the budget that balanced the books for the first time in my generation. It is giving Canadian young people an opportunity to be successful in a global economy.