UPDATE: To make this farce even better, it appears that for this year’s calculation rules have re-classified my two adult sons as dependents (including one who has not lived at home for 3 years). Neat how the government can on the one hand call them dependents for student loans, but not dependents on my taxes. Welcome to the era of DoubleThink!
A few weeks ago, I wrote a post about The Value of an Education talking about the debate that is going on as to whether post secondary education is worth the cost, especially given the debt load student loans put on new graduates.
Well, as I learned last week (I should have known it earlier, but was not paying attention when it happened), our new provincial government here in New Brunswick, led by Premier David Alward, has taken the decision out of our hands. It seems my children no longer have the choice as to whether or not student loans are a good investment in their future, since the province has already decided they are not.
I could explain the new rules that have me so annoyed, but I will link to someone else who explains them well.
I will likely be able to adapt to this change, for my youngest anyway. Unfortunately, there will be many who cannot.
Mr. Alward, this is not the way to build an educated workforce in this province.