Automatic enrollment into Canada’s Learning Bond gives low-income children easier access to education money
Children from low-income families will now be automatically enrolled in the Canada Learning Bond, a policy change that will help ensure equitable access to education for marginalized communities.
Why It Matters
Studies show students from low-income families have lower post-secondary enrollment rates. The Canada Learning Bond hoped to counter this trend, but uptake of the benefit has been low since it launched in 2004.
The benefit’s low uptake is one reason Momentum, a financial literacy and empowerment non-profit advocated for automatic enrollment.
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