Today during Question Period, Ontario NDP Leader Andrea Horwath asked Premier Kathleen Wynne to commit to taking the interest off of Ontario student loans. The Premier refused.
“Ontario can be a great place to live, but it’s getting harder to build a good life here, especially for young people,” noted Horwath. “I am surprised that this Liberal government thinks that it is okay to make money on the backs of a generation of young people who are just trying to build a great life for themselves and their families in our province.”
The NDP believes that the government shouldn’t be profiting from people who need loans to access post-secondary education. Horwath made the commitment yesterday at Brock University in St. Catharines, that an NDP government would immediately remove interest from Ontario student loans.
“College or University should be a jumping off point for finding a job you love, and building a fulfilling life. But graduating with a $30,000 loan plus interest makes it a lot harder to build that life,” said Horwath. “Education should be an investment, not a burden and the government should be making life easier for people, not harder.”
Student debt delays important life milestones for young people such as buying a car, owning a home, starting a family or starting a business. This makes student debt not only a burden for the people who carry it, but on the provincial economy as a whole. The NDP will immediately remove interest from Ontario student loans upon forming government as a first step to addressing this crisis.