Docstoc

Our Futures_ Our Fortunes - ASEC 2010 Budget Fact Sheet

Document Sample
Our Futures_ Our Fortunes - ASEC 2010 Budget Fact Sheet Powered By Docstoc
					            CUTS, COSTS & BENEFITS:
      INVESTING IN ALBERTA’S POST-SECONDARY
                EDUCATION SECTOR
Statistical snapshot
     2010 budget reductions
     8                 Scholarship, grants and bursary eliminated, including: the
                       Alberta Loan Relief Benefit, the Alberta Opportunities
                       Bursary and the Northern Students Supplementi
     20,400            Number of students who receive the Alberta Opportunities
                       Bursary and the Northern Students Supplement
     $54,000,000       Amount of grants and scholarships cut in 2010-11 budgetii

     Economic and social benefits
     $3.80              Short-term ROI for every dollar invested in Alberta’s post-
                        secondary education systemiii
     $21.00             Long-term ROI for every dollar invested in Alberta’s post-
                        secondary education systemiv
     $26,000,000        Yearly savings accrued from investments in post-secondary
                        students, through reduced health, policing, & welfare
                        costsv
     $13,000,000,000    Economic output of Alberta’s baccalaureate institutes,
                        colleges, technical institutes, and their studentsvi

     Student-paid education costs
     3rd                Alberta’s ranking, nationally, for highest tuition feesvii
     $5,520             Average tuition for degree programs for Albertaviii
     10.6%              Year-over-year increase in unregulated mandatory feesix

     Participation deficit
     40.7 %               Grade 10 students who attend PSE within four yearsx
     10th                 Alberta’s ranking, nationally, for participation in PSExi
     30%                  Young Canadians not attending PSE who cite cost as the
                          primary reason for not pursuing post-secondary studiesxii
     1st                  Alberta’s ranking, nationally, for university drop-out
                          ratesxiii
     1st                  Alberta’s ranking, nationally, for college drop-out rates xiv





                                         
1

Notes & Sources
i
   Stolte, E. “Post-secondary funding shifts from scholarships to loans”, Edmonton Journal, February 10,
2010. http://bit.ly/8XvWrP
ii
    Ibid.
iii
      Economic Contributions of Alberta Colleges and Technical Institutions: Analysis of Investment
Effectiveness and Economic Growth, July 2007
iv
    Ibid.
v
    Ibid.
vi
     Ibid.
vii
     Ibid.
viii
      Statistics Canada, http://www.statcan.gc.ca/daily-quotidien/081009/dq081009a-eng.htm
ix
    Ibid.
x
    Alberta Education, http://education.alberta.ca/department/ipr/studentoutcomes/transition.aspx
xi
    The Canada Millennium Scholarship Foundation, “Post-Secondary Education: Cultural, Scholastic and
Economic Drivers”. Retrieved from http://www.millenniumscholarships.ca
xii
     Statistics Canada. “Lifelong Learning Among Canadians Aged , 18 to 64 Years: First Results from the
2008 , Access and Support to Education and , Training Survey.” Retrieved from
http://www.statcan.gc.ca/daily-quotidien/091125/dq091125b-eng.htm
xiii
      Ibid.
xiv
      Ibid.





                                                  
2


				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:5
posted:2/11/2010
language:
pages:2