Middle-class students carry heaviest financial load

April 3, 2008

Canadian financial aid is calculated on the assumption that students graduating from high school will receive support from their parents upon graduation.  New research from the Canada Millennium Scholarship Foundation finds that middle-income parents "typically" do not contribute as much to their children's higher education costs as financial aid programs assume.  In response, the government has reduced "expected parental contribution amounts" both in 2005 and again in 2007.  Research suggests that direct student funding would be preferable to tax breaks.  CMSF