Federal budget is positive for university research and students

York University President and Vice-Chancellor Lorna R. Marsden (right) expressed support for the newly-released federal budget, calling the budget plan a positive investment in Canadian university research activity and students’ access to postsecondary education.

“In a time of restraint, this budget provides new monies that demonstrate the federal government’s commitment to higher education and improved access for all students,” said Marsden. “York is well-positioned to benefit from the support this budget gives to innovative research. We welcome new measures that will allow more students to pursue postsecondary education by increasing access to more funds while reflecting the ability of students to repay debt and expenses.”

The priority given to postsecondary education is reflected through a wide and comprehensive range of educational initiatives, including increasing student loan limits, the new Canada Learning Bond and the enhancement of the Canada Education Savings Grant.

“This federal budget clearly recognizes the importance of investing in university research in order to ensure that Canada remains a world-leading knowledge society,” said Stan Shapson, York’s vice-president research & innovation. “The budget investments into research, commercialization and communities will allow York University to continue to grow its basic and applied research activities and serve as a driver of innovation, economic and social growth in the GTA. York will also serve as a regional magnet through its leadership of several cluster strategies and continue its leadership role in knowledge transfer.”