Mad Hatter Page 7

NEWSLETTER #41 -~2- July 13, 1983

increased by tightening the regulations. The student aid
maximum is now %5,200 for Single and %5,600 for married and
single parents, up %$1400 from 1983/84. The province has
strengthened the eligibility criteria and increased the
definition of a full-time load to 80%. Work-study and other
aid programs will continue at 1982/83 levels.

FORMULA FUNDING

It is expected that a system of formula funding will be in
place for the 1984/85 financial year. Provision will be made
for continued input from the field up to finalization of the
process,

BUDGET

Though not offered as a policy statement it is expected that
a constant level of buying power will be maintained over the
next three years provided that a 5% increase in productivity
can be demonstrated in each year.

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BCAC NEWSLETTER IS ISSUED PERIODICALLY AND CIRCULATED TO ALL
BOARD MEMBERS, PRINCIPALS, BURSARS -— (MEMBER INSTITUTIONS).
ENQUIRIES SHOULD BE DIRECTED TO: FRANK BEINDER, EXECUTIVE
DIRECTOR AT THE B.C.A.C. OFFICE