This project seeks to identify options to simplify student financial aid (SFA) applications in Canada. It does this by assessing the scope for limiting or modifying the data elements currently collected to determine SFA offers. The main analysis involves data on actual applications and awards. SRDC simulates revised aid offers to assess the role played by each data element in determining the level and composition of actual aid offers made and runs sensitivity tests for different student sub-groups to assess their vulnerability to the removal or modification of each element. The simulations and sensitivity tests are undertaken at both a national and a provincial level. Based on these findings and a review of the literature, a range of simplification options are presented along with the pros and cons of each, including a range of possible effects on program costs.
Published: March 2013
Capability: Policy Research
Policy Area: Adult Learning - Adult Training - Financial Literacy, Post-Secondary Education - Access and Persistence - Student Financial Aid
Population: Students - Youth