e-1168 (Student loans)
- Keywords
- 8545-421-192-01 Government Response to petitions concerning student loans
- Canada Student Grants and Loans
- Grants and loans for students
- Interest payments
Original language of petition: English
Petition to the House of Commons
- Total student debt in Canada is currently over $28 billion;
- Students with $30,000 of Canada Student Loan debt will pay over $10,000 in interest;
- Total interest payments from all borrowers charged by Canada Student Loans in 2015-2016 was $580 Million;
- Debt owed to Canada Student Loans in 2015 was $19 billion
- Outstanding student loan interest payments reduces the borrowers ability to repay the loan principle sooner;
- Students graduating with large debt loads are less able to save for retirement or invest their income;
- The increasingly precarious nature of the labour market means less borrowers will be able to make student loan payments;
- Open for signature
- June 30, 2017, at 9:48 a.m. (EDT)
- Closed for signature
- October 28, 2017, at 9:48 a.m. (EDT)
- Presented to the House of Commons
-
Elizabeth May
(Saanich—Gulf Islands)
December 1, 2017 (Petition No. 421-01927) - Government response tabled
- January 29, 2018