FOR IMMEDIATE RELEASE
Trent University Commends Federal Budget for Commitment to Higher Education
Increased support for students, research and commercialization initiatives recognizes universities' role in socio-economic well-being of the country
Tuesday, March 23, 2004, Peterborough
Trent University reacted to today's reading of the federal budget with praise for the government's support for student assistance, research funding and incentives for commercialization.
"There is very good news for families and students in this budget concerning accessibility issues. The research and commercialization initiatives demonstrate a clear role for universities in the country's plans for future development and innovation," said Trent University's President Bonnie Patterson. "Following the directions indicated in the Speech from the Throne, it is heartening to see the detailed commitment to financial assistance for students in today's budget. The announcement of a new grant for low-income students, increases in debt reduction, loan limits and family income thresholds will go a long way to making post-secondary education accessible to all Canadians. We look forward to the next step, which is to work on the capacity side of the equation, to accommodate the resulting increase in demand for university education."
"The government's commitment to universities was further reflected by the announcement to provide an increase of $90 million annually to the three federal granting councils and add an additional $60 million to Genome Canada," President Patterson continued. "The government is continuing the momentum it has built up over several years by increasing funding for indirect costs of research. These are necessary commitments if we are to meet the government's objectives on the commercialization front."
The government's announcement that it will take immediate action on environmental issues by addressing matters of clean water and soil could also have positive implications for the University's Water Quality Centre.
The federal budget's focus on skills and development for Aboriginal peoples, while not directly related to the university sector, is in harmony with Trent University's commitment to Aboriginal education through its degree programs in Native Studies and the University's recent commitment to the new First Peoples House of Learning.
University-related Budget Highlights
RESEARCH, INNOVATION AND COMMERCIALIZATION
For more information, please contact Bonnie Patterson, President, Trent University at (705) 748-1313.