NS budget invests in student aid, job growth

April 4, 2012

Through its 2012 budget, the Nova Scotia government will invest a further $5.5 million in student aid. Awaiting details on this investment, the Canadian Federation of Students hopes the new funding will go toward increasing up-front needs-based grants. The budget outlines a decreased investment in the Graduate Retention Rebate, from approximately $25 million to $11.2 million. Calling the rebate program "wasteful," the CFS points to data showing that less than half of eligible graduates filed for the rebate in 2009, and less than a third did so in 2010. Nova Scotia Community College has received a 1.13% increase in its operating grant as a result of a $2.75-million provincial investment to help NSCC prepare for shipbuilding-related training. Job-related investments outlined in the budget include $3 million to increase the number of trade apprenticeships, $1.8 million to boost the number of work placement opportunities for PSE students, and $1 million to set up career kiosks in high schools to help students think about jobs after graduation. NS Budget Speech | Budget 2012 (jobsHere) | Budget 2012 (For Students) | NSCC News Release | CFS-NS News Release