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Bill 8, An Act to Amend the Student Financial Assistance Act

Government Bill

20th Assembly, 1st Session

Introduced on June 11, 2024

Events

Timeline of key legislative events

  • First Reading
    Completed June 11, 2024 (Debate | Vote)
  • Second Reading
    Completed June 12, 2024 (Debate | Vote)
  • Status

    Bill Text



    Related Votes

    June 12, 2024 Passed Second Reading of Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    June 11, 2024 First Reading of Bill 8: An Act to Amend the Student Financial Assistance Act

    Discussion & Mentions

    Recorded Vote
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    Thank you, colleagues. Those in favour, 6. Opposed, 5. Abstentions, 7. Bill 8 has carried to the second reading.

    ---Carried

    Both bills now stand referred to the standing committee. Second reading of bills.

    Consideration in Committee of the Whole of bills and other matters. Tabled Document 93-20(1), Tabled Document 111-20(1), with the Member from Tu Nedhe-Wiilideh in the chair.

    Recorded Vote
    Second Reading Of Bills

    June 12th, 2024


    See context

    Clerk Of The House Mr. Glen Rutland

    The Member for Thebacha. The Member for Yellowknife South. The Member for Kam Lake. The Member for Hay River North. The Member for Hay River South. The Member for Inuvik Twin Lakes. The Member for Nunakput.

    Recorded Vote
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    Those abstaining, please stand.

    Recorded Vote
    Second Reading Of Bills

    June 12th, 2024


    See context

    Clerk Of The House Mr. Glen Rutland

    The Member for Monfwi. The Member for Frame Lake. The Member for Great Slave. The Member for Mackenzie Delta. The Member for Yellowknife North.

    Recorded Vote
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    Those opposed, please stand.

    Recorded Vote
    Second Reading Of Bills

    June 12th, 2024


    See context

    Clerk Of The House Mr. Glen Rutland

    The Member for Yellowknife Centre. The Member for Range Lake. The Member for Inuvik Boot Lake. The Member for Tu Nedhe-Wiilideh. The Member for Deh Cho. The Member for Sahtu.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    Question has been called. All those in favour, please stand.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    Kieron Testart

    Kieron Testart Range Lake

    Thank you, Mr. Speaker. Mr. Speaker, I would like to request a recorded vote.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    Question has been called. You just asked to call the question. So Member from Yellowknife Centre, you spoke twice to this bill, yes. Member from Monfwi, you only get one chance to speak to the motion. Member from Range Lake.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context

    Some Hon. Members

    Question.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    Thank you, Member from Kam Lake. To the principle of the bill.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    Caitlin Cleveland

    Caitlin Cleveland Kam Lake

    Thank you very much, Mr. Speaker. Mr. Speaker, I'd like to take this opportunity to thank my colleagues for talking about our students, the importance of education, and also this Assembly's priority on building a strong economic foundation for our whole territory.

    Mr. Speaker, changes were made to the Student Financial Assistance Program in 2023-2024, including increases to the benefit rates for remissible loans. ECE is analyzing the impacts of the changes, including impacts to the SFA loan limits, which is expected to be completed at the end of the 2024-2025 academic year.

    Mr. Speaker, while I agree with the MLA that the student loan limit may require an increase, the analysis still needs to be done to determine the appropriate level of increase required. There may also be legislative impacts beyond the student loan limit itself, notably, the legislated $45 million SFA revolving loan fund also needs to be reviewed, and we need to assess potential regulatory changes pertaining to repayment terms as well, Mr. Speaker. I look forward to working with the Member to ensure changes to the SFA legislation account for all potential impacts and that the program meets the needs of the students, including the financial burden loans may place on them as well as accounting for public funds.

    Mr. Speaker, as work is required to investigate the revolving loan fund and potential impacts, and since this is beyond what is proposed in the Private Member's bill, Cabinet will abstain from the vote for this motion. Thank you, Mr. Speaker.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    Thank you. To the principle of the bill. Member from Kam Lake.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    Daniel McNeely

    Daniel McNeely Sahtu

    Thank you, Mr. Speaker. I support this motion as a seconder. It's an increase to the existing options available to the students. Some of the assistance that I've -- and that's based on cost. Everything else is going up, hopefully we can increase the threshold in some programs we deliver. So it's an option there for the average student to take. Whether they choose to do so, it's entirely up to them. But I learned a lot of finding out through the assistance of students that I helped to survey their options, and I'm quite satisfied -- I would say probably more so satisfied with the programs and services offered by this government to encourage the students complete their education. And one program that I'm quite intrigued by is the one offered by ECE in saying to the average student we will cover 80 percent of your salary as you're going to school. So that's a huge financial relief to the individual going to school. And I recently experienced a graduate that went through that program and completed and graduated in the Yukon university, and is back working for this government. So that's just an example of the many options out there for assistance, whether it's bursaries or scholarships or, in this case, a loan. It's optional. They don't have to take that. We're just increasing it there to align with the inflationary costs that keeps increasing there. Mahsi cho.

    Bill 8: An Act to Amend the Student Financial Assistance Act, Carried
    Second Reading Of Bills

    June 12th, 2024


    See context
    The Speaker

    The Speaker Shane Thompson

    From Yellowknife Centre. To the principle of the bill. Member from the Sahtu.