TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TRAIN OUT INSURANCE FUND [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 2011-11-24

English

Subject field(s)
  • Finance
  • Scholarships and Research Grants
CONT

The creation of a train-out fund to ensure students can complete their training in the event of a college closure or insolvency. The revenues to support the fund will be derived from a percentage of student tuition (to be set at one per cent) to be paid by all training institutions. If an institution became insolvent, and a student had to complete training at another institution, the associated training costs would be covered by the train-out fund; ...

CONT

Being covered under applicable legislation or providing a surety bond or other suitable security guarantee, (such as a letter of credit), payable to the appropriate authority, at least equal to a specified percentage of the tuition and other fees paid by all students receiving student loans; and/or participating in a train-out insurance fund.

OBS

The trainout fund concept - it is not a government issue. It was not something invented by the bureaucrats. this issue is one that came directly out of this industry ... The concept arose from lets all get together collectively and have a fund in place that will allow us to move in, in emergency circumstances, to protect [the] student.

Key term(s)
  • train out insurance fund,
  • train out fund

French

Domaine(s)
  • Finances
  • Bourses d'études et subventions de recherche

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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