Please do not call loans of $60,000 or $100,000 generous. If Canada only want to use the talents of its rich peoples children, it has the right programs.slowpoke said:The costs of post secondary education may seem high but Canada's student awards program makes it quite feasible for low income students to still get an excellent post-secondary education. Sure they will owe about $60K by the time they graduate but the student loan repayment options are EXTREMELY flexible and the interest rates are low. If a poor student is willing to work hard at getting an education, he or she will be able to get one and to pay it off without undue hardship. Many of those "wealthy" households are just hard working couples who pull down $80K to $100K each and who once had big student loans. And many of those lower class households who just can't seem to get ahead have simply made too many bad choices with regard to education and hard work. Canada is VERY generous to its poor so lower income family members have a huge opportunity to get ahead. The problem is that many of them just can't be bothered.
But why it squanders some of its key ressources, not softwood but people, is beyound me. The best thing Canada could do is to make post secondary education free but strictly merit based.