By Chris Adams
Students in the Haskayne School of Business (HSB) paying an unpopular fee known as a market modifier now have answers about where their money is spent.
Students’ Union representatives have questioned the lack of transparency surrounding the business school’s market modifier since it was added to course fees in 2011. Of all monies collected from the fee, 10 per cent is slated for student bursaries and financial aid. Until now, business students didn’t know who nor how many students were receiving bursaries funded by the market modifier.
Every student admitted after fall 2011 paid the market modifier, costing undergraduate commerce students an extra $232 per course and $179 per course for masters of business administration students.
Students’ Union business representative Jasmine Chitroda and former business representative Krzysztof Iwanicki began probing administration about where their money was being spent last year. Chitroda, who is now serving her second term in the SU, said finding numbers on the bursaries was a matter of asking the right questions.
“We were really interested in the student aid and financial awards portion — that 10 per cent — just ensuring that these awards were being given out,” Chitroda said. “It was a little bit tricky to get the information. I guess the hardest part was finding the right person to talk to.”
Because the bursary portion of the market modifier is distributed by the Student Awards Office (SAO), the HSB does not have access to those numbers. Chitroda and Iwanicki went to the SAO manager of undergraduate awards Claudia Barrett for answers.
Barrett said that $160,000 was available in modifier funded bursaries last year. Awards valued at $1,000 each were given to students involved in HSB’s extra-curriculars. Only 45 students received the bursary last year, leaving $115,000 left over.
Chitroda and Iwanicki worked with the SAO on restructuring the bursary. Chitroda said the bursary should be accessible to every student who pays it.
“We wanted to take away some of the requirements which were hindering students from being able to get financial aid,” Chitroda said. “We’ve also been able to work with the financial aid office and get the amount increased to $3,500 per bursary.”
If there is not enough demand for the bursary and the full amount is not distributed, the remainder stays in the account for next year. Just over $380,000 will be available this year, meaning 108 students can receive the $3,500 bursary.
Barrett said that more money for the bursary will help the business students who need it most.
“We thought that was a reasonable value for the bursaries given that the average annual cost for tuition and fees for a Haskyane student is about $7,000,” Barrett said. “We wanted the bursary to make a significant impact.”
The administration and Haskayne split the remaining 90 per cent of the funds raised from the fee. The HSB spends their share on professor salaries, new hires and facility upgrades. Administration says their share covers costs unpaid by business students who take courses in other faculties. Information on where the administration spends the money are not available.
While the new bursary has not yet been approved by the HSB, Barrett expects it will be approved by next week.
I’m curious to find out what blog system you’re using?
I’m experiencing some minor security issues with my latest site and I would like to find something
more safe. Do you have any suggestions?
Simply desire to say your article is as astounding. The clarity in your post is simply spectacular
and i can assume you are an expert on this subject.
Well with your permission let me to grab your RSS feed to keep
up to date with forthcoming post. Thanks a million and please carry on the rewarding work.
It is not my first time to visit this site,i am visiting this web page dailly and obtain nice data from here everyday.
Greetings from Carolina! I’m bored at work so I decided to browse your
site on my iphone during lunch break. I really like the information you present here and
can’t wait to take a look when I get home. I’m surprised at how quick your blog loaded on my mobile ..
I’m not even using WIFI, just 3G .. Anyways, wonderful blog!
Great post. I used to be checking constantly this blog and I’m impressed!
Very useful information specifically the remaining section :
) I handle such information a lot. I used to be looking for this certain information for a long time.
Thanks and best of luck.
Hi there! This is my first visit to your blog!We are a team of volunteers and starting a new initiative in a community in the same niche.Your blog provided us valuable information to work on. You have done a extraordinary job!
I’m not that much of a internet reader to be honest but your sites really nice, keep it up!
I’ll go ahead and bookmark your website to come back down the road.
Cheers
What’s up, this weekend is fastidious for me, because this time i am reading thiswonderful educational article here at my house.
Thanks , I’ve just been searching for information approximately this topic for
ages and yours is the greatest I’ve came upon so far. However, what in regards to
the conclusion? Are you positive concerning the source?
Post writing is also a excitement, if you be acquainted with then youcan write if not it is complex to write.
Can you tell us more about this? I’d want to find outsome additional information.
For most up-to-date news you have to go to see world wide web and on world-wide-web I found this site as a
best website for most up-to-date updates.
Why viewers still use to read news papers when in this technological globe all is accessible on web?
You’ve made some really good points there. Ilooked on the web to learn more about the issue and found mostpeople will go along with your views on this web site.
I am curious to find out what blog system you’re working with?
I’m having some minor security problems with my latest site and I would like to find something
more safe. Do you have any suggestions?
Hi, i think that i saw you visited my web site so i came to “return the favor”.I’m trying
to find things to improve my web site!I suppose its ok to use a
few of your ideas!!
This is a topic that is close to my heart…Take care! Exactly where are your contact details though?
Usually I do not read article on blogs, but I wish to say that this
write-up very forced me to try and do it! Your writing style has been amazed
me. Thanks, very great article.
Hey there are using WordPress for your site platform? I’m new to theblog world but I’m trying to get started and set up my own. Do you need anycoding knowledge to make your own blog? Any help would be greatly appreciated!
https://groupbuyserver.com
I was wondering if you ever thought of changing the layout of your blog?
Its very well written; I love what youve got to say. But maybe you could
a little more in the way of content so people could connect with it better.
Youve got an awful lot of text for only having one
or two images. Maybe you could space it out better?
Pretty component to content. I just stumbled upon your website and in accession capital to claim that I acquire in fact loved account your blog posts. Anyway I抣l be subscribing to your augment and even I fulfillment you get admission to consistently fast.
I’ve been surfing online more than three hours today, yet I never found
any interesting article like yours. It is pretty worth enough for me.
In my view, if all site owners and bloggers made
good content as you did, the net will be much more useful than ever before.
Wonderful blog you have here but I was curious about if you knew of any forums that cover the same topics talked about in this article? I’d really love to be a part of online community where I can get suggestions from other knowledgeable individuals that share the same interest. If you have any suggestions, please let me know. Cheers!