Thank you, Mr. Speaker. I have two returns. Mr. Speaker, I have a return to an oral question asked by Mr. Dent on June 26, 2000, regarding the expected student contribution of ten percent under the Student Financial Assistance Program.
The ten percent expected student contribution applies in cases only where a student is applying for a repayable loan. It does not apply to other forms of financial assistance such as grants, remissible loans or scholarships. A repayable loan is provided to students based on an assessment of their financial need. This need includes certain allowable expenses and takes into consideration income students receive for the four-month period prior to enrolling in studies. Since repayable loans were introduced in the Student Financial Assistance Program approximately ten years ago, there has always been a calculation of expected student contributions when assessing applications for repayable loans. We have reduced the expected contribution from 13 percent to ten percent under the new program.