Thank you, Mr. Chair. The value that's in there is the total cost of operating the Student Financial Assistance Program. That $16.4 million breaks down, and these are approximate numbers, there's about $685,000 for the staff that operate the program, there's about $13.3 million that are the grants that actually go out for the basic allowance and the supports that are provided. There's a small amount of other O and M for materials and travel, but the biggest other portion is a valuation allowance for student loans. It's about $2.4 million. That’s the difference between the amount that goes out as grant payments and the total budget of the $16.4 million. Thank you, Mr. Chair.
Mr. Stewart on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on June 7th, 2016. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
June 6th, 2016
Stewart
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