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 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…