For Immediate Release
Halifax, N.S. — Nova Scotia can build the strongest student financial assistance system in Canada simply by redirecting money the Province already spends on students and graduates, according to a report released today by Students Nova Scotia (StudentsNS). The report finds that the Province’s Graduate Retention Rebate and Tuition and Education Tax Credit have little to no impact on retention, debt, or post-secondary access. By reallocating $40 million from these tax credits, the Province could dramatically improve its student assistance program to meet student needs for funding, ensure students’ parents or partners are not expected to provide support they cannot afford, and dramatically reduce student debt.