The federal government will eliminate all credit screening on Canada Student Loan borrowers effective Aug. 1, according to Employment and Social Development Canada, which says most applicants were previously approved regardless of their check results. “In reality it only creates a barrier for first-time student financial assistance applicants aged 22 or older who have to…
Unrecoverable Federal Student Loans Up 34% This Fiscal Year: PBO
The amount of Canada Student Loans deemed by the federal government to be uncollectible this year is up by over $57 million more than last fiscal year, says a report from the Parliamentary Budget Office. The increase represents a 34 percent increase from last year and is “over $50 million more than what was originally projected…
Eliminating Interest on Federal Student Loans Could Cost More Than Initial $2.7 Billion Price Tag: Report
A recent measure eliminating the interest on federal student and apprentice loans could cost more than the $2.7 billion price tag over the next five years that the Employment Department initially gave to a parliamentary committee, new figures show. The department wrote in an Inquiry Of Ministry recently tabled in the House of Commons that…
Repealing Federal Student Loan Interest Will Cost Over $550 Million Annually
Repealing federal student loan interest will cost over $550 million every year for as long as Ottawa’s plan to cut the interest continues into the future, says the Department of Employment. Senators on the national finance committee heard from witnesses on Nov. 22 about various costs associated with the government’s new spending measures outlined in the…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`