Standing Committee on Student Finances2018-10-04T03:52:33+00:00

Standing Committee on Student Finances

a. To exchange information regarding instruments that have a financial impact on students, which includes but is not limited to:
i. The assessment and management of fees and related collection activities within the Office of the Registrar;
ii. Scholarship, award and prize programs administered, in whole or in part, by the Office of the Registrar and related University student service areas;
iii. Government student loan programs and their interaction with the management of institutional bursary programs; and
iv. Financial literacy to encourage financial self-efficacy.

b. To exchange information regarding government policy which directly impacts the areas referredto in section I (a).
c. To advise and make recommendations to the Ontario University Registrars’ Association regarding areas referred to in section I (a) and policy referred to in section I (b) as they affect: (a) potential and current students at Ontario Universities, and (b) Registrar’s Offices and related University student service areas.
d. To advise and make recommendations to other agencies (i.e. AUCC, OASFAA, as well as other government, private and corporate groups) directly involved in the development, management and operation of areas listed in section I (a). The Chair will provide the OURA Executive with written reports of such activity.
e. To undertake studies and activities as requested by the OURA Executive.

a. Regular Member: Shall consist of anyone who is a Regular Member of OURA and has responsibilities related to the areas identified in section I (a) in the Registrar’s Office or related student service areas.

b. Associate Member: Membership is extended to Associate Members of OURA. Such member may not be elected to the OURA Standing Committee on Student Finances.

a. The Committee shall consist of six (6) Regular Members as follows:
i. Chair, Vice-Chair and Past-chair. The Vice-Chair shall be elected prior to the Annual Meeting of the Association for a one-year term and will, at the end of the term automatically become Chair.
ii. In addition, three (3) members shall be elected on a regional basis, where possible, to the Committee by the university financial services representatives.

b. The Chair shall be a member of the OURA Executive Committee.
c. The Chair and Vice-chair of the Standing Committee on Student Finances shall also act as Chair and Vice-chair of the Student Finances Group.

a. The Standing Committee will meet at the discretion of the Chair or by direction of the OURA Executive.
b. The Student Finances Group will meet at least once a year. Special meetings may be called at the discretion of the Chair or by a majority of members of the Standing Committee.
c. A copy of the agenda shall accompany the Notice of Meeting which will normally be distributed at least two weeks prior to the date of the meeting.
d. Normally, the Annual Meeting of both the Standing Committee and Student Finances Group will be scheduled to coincide with other OURA meetings.
e. At all meetings of the Student Finances Group, eight (8) members, excluding the Chair, shall form a quorum.
f. At all meetings of the Standing Committee, three (3) members, excluding the Chair, shall form a quorum.
g. Observers may be invited to attend meetings of the Student Finances and Standing Committee.
h. Only one Regular Member from each institution will be allowed to vote.
i. The Chair of the Standing Committee and Student Finances Group shall have no vote in either body while occupying the Chair, except to cast a tie-breaking vote.

a. Should a vacancy occur on the Standing Committee on Student Finances, the Committee shall have discretion as to whether the vacancy is left unfilled or filled via:
i. A by-election; or
ii. By appointment.

Observers may be invited to attend meetings of the Standing Committee.
Only one Regular Member from each institution will be allowed to vote.
The Chair of the Standing Committee shall have no vote, except to cast a tie-breaking vote.

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