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It's Time to Knock Out Interest on Federal Student Loans!
As many Canadians continue to struggle financially through the pandemic, students are renewing their call for the federal government to eliminate interest on student loans to ease the burden of student loan debt.
Fund it. Fix it.
Tuition fees have skyrocketed over the last two decades, more than doubling since 2001. Where average tuition fees were $2,500 in 2000, they are over $5,900 in 2019; the average cost of obtaining a degree has increased by over $13,700 in tuition fees alone. The reason for this is clear: years of cuts and neglect have resulted in an underfunded system that makes up for funding on the backs of students and their families.