Mulcair plan for interest-free loans, grants will benefit Sault students
NDP Candidate Skip Morrison visited with students at Algoma University today to hear from them about their concerns and to present the NDP’s plan for Post Secondary Education
“We can make college and university more affordable. The federal government needs to do its part,” said Morrison.
“Half a million Canadians receive Canada Student Loans every year. Since Stephen Harper took office, the level of student debt has risen by 30% with the average graduate now expecting to owe more than $26,000 as they try to start a career and maybe even a family.”
Instead of making life more affordable for students, the Conservative government had to write off $838 million in unrecoverable student loans. That’s tens of thousands of cases in the last four years alone while college and university tuition climb to record levels.
A Tom Mulcair NDP government will:
• Invest $250 million in additional federal student grants over four years, with an emphasis on helping students who need it most, creating as many as 50,000 new grants;
• Immediately begin phasing out interest on federal student loans, eliminating it completely by Year 7 and saving the average student $4,000; and
• Work with the provinces and territories to make post-secondary education more affordable, accessible, and inclusive.
“Only the NDP has a plan to address the affordability crisis in post-secondary education,” said Morrison. “Everyone who holds a federal student loan will benefit from our plan and by 2019, interest payments on student loans will be cut in half.”