Economic Feasibility Study: Public Policy Alternatives to Promote Education Savings
SRDC is supporting Momentum to examine the economic costs of implementing policy options intended to ensure all eligible children claim their Canada Learning Bond. The principal methodology is economic modeling using tools such as the Statistics Canada Social Policy Simulation Database and Model to analyze three policy alternatives: establishing new Canada Education & Training Account; disbursing Canada Learning Bond funds through the Canada Student Loans Program; and expanding Ontario’s online Newborn Registration 5-in-1 Service Bundle nationwide. The aim is to estimate the potential costs that would result from developing and implementing the three policy alternatives in question, as well as any potential savings. The final report is intended to describe the methodology, analysis, findings, and limitations of costing for the three policy alternatives.
Project Details
Published: March 2021
Capability: Socio-Economic Impact Assessment - Data Sciences - Policy Research
Policy Area: Post-Secondary Education - Access and Persistence - Student Financial Aid
Population: Children - Low-income Populations - Students - Communities and Families
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