Student Loan Designation

Designation is how post-secondary education institutions are deemed eligible for certain government programs and funding.

Currently, the provinces are responsible for the designation of post-secondary educational institutions.  Applicable funding includes:

1.  Federal and provincial student loans

2. Canada Education Savings Grants and Registered Education Savings Plans

3. Millennium Scholarships

4. Canada Study Grants

5. Education and tuition fee tax credits

6. Loans and grants through the Employment Insurance program

7. Grants for Aboriginal Students

In March 2003, the federal Intergovernmental Consultative Committee on Student Financial Assistance introduced a designation policy framework.  It is intended to “guide jurisdictions in developing their designation policies.”  All the provinces agreed to implement a designation policy to “manage” the “financial risk” associated with student loans.

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