With the arrival of the new federal government the questions of who pays for funding for First Nations education are being asked anew. And while some governments are happy to spend money on education, others prefer to do so with their own funds, and this is where funding decisions can get tricky.
The first issue is how much funding should be allocated to education, because education is a universal right. Each country has its own needs and each has its own priorities. For example, many countries need a well-educated workforce to sustain economic development. The governments in other countries can also use their own resources to improve their education system.
Some of these countries may be able to afford the costs of providing education to all children. But there is little chance that they can afford to cover the full costs of education for all children at all levels. And so for many, education remains a challenge.
In other cases, education may be funded through government programs such as the Canada Student Loans Program. Other governments may allocate funding through different programs. While these may seem like reasonable options, there are many considerations to consider before choosing these programs. For example, while this is a universal right, it may be harder to get a grant or scholarship to pay for school than it is to get money from a parent.
For some children, it might be possible to receive both a lump sum and regular payments in the future, but for many it is not possible to have both. As a result, most of the funding that governments provide is going to be for the basics, and that can be very difficult to fund when the child is attending school for only a few years. And even if the child does not continue on to university or further training, they may end up spending more money on the tuition. because they did not receive the assistance they needed to get there.
For those who can receive both a lump sum and regular payments, they can choose to do so. But if they cannot receive both, they should choose the one that seems most appropriate to them.
There is also the option of opting for a loan for education versus a grant or scholarship for education. These programs are a little trickier, because it can be very difficult to qualify. Even with a good credit rating, a low income or a family background of low income can disqualify you from receiving a scholarship or grant.
When deciding whether to have either a lump sum or regular payments versus a grant or scholarship for education, the choice is completely up to the student. The decision is made by an informed and educated individual.