Who gets student loans? Costa Kapsalis
- Over half (52%) of full-time postsecondary students aged 18 to 24 with parental income below $40,000 received a loan from the Canada Student Loans Program (CSLP) in 2000, compared with 14% of students with parental income of $80,000 or more.
- The average loan amount declines as parental income increases. In 2000, about two-thirds of the value of CSLP loans went to students with parental income below $60,000—73% in the case of dependent students and 51% in the case of independent students.
- Female students had a higher CSLP take-up rate than their male counterparts (34% versus 29%). But they also had a higher full-time postsecondary participation rate (38% versus 30%).
- Students from families who came to Canada since 1980 had a much higher CSLP take-up rate than others (45% versus 31%). The difference is partly attributable to lower parental income: 58% of these immigrant students had parental income below $40,000, compared with 29% of other students.
Full article: HTML | PDF
Author
Costa Kapsalis is with Data Probe Economic Consulting Inc. He can be reached at (613) 726-6597 or perspectives@statcan.gc.ca.
You need to use the free Adobe Reader to view PDF documents. To view (open) these files, simply click on the link. To download (save) them, right-click on the link. Note that if you are using Internet Explorer or AOL, PDF documents sometimes do not open properly. See Troubleshooting PDFs. PDF documents may not be accessible by some devices. For more information, visit the Adobe website or contact us for assistance.
|