CMSF hopes for another 10 years

December 6, 2007

 The Canada Millennium Scholarship Foundation was formed in 1998 to address the issue of "mounting student debt," and was given a 10-year mandate.  Since its inception, more than $2 billion in student loans have been replaced by CMSF bursaries, and awards have been received by 25% of students with government student loans -- reducing debt by 30% per year. CMSF has also generated a "pool of knowledge" about many aspects of the Canadian student experience. The Foundation hopes to continue its work for another 10 years.