Masthead graphic based on a painting by Gudrun Thriemer.

Friday, January 23, 2009

"Canada Student Loan debt tops $13B, figures show," CTV, January 21, 2009.

[Student debt has been a scandalous abuse of what should be understood as a public investment since the SoCreds used them to replace student grants in the early 80s. Now that the rich have lost their gamble on the resale of re-bundled debt, student loans are in the news. They were rumoured to be part of the backing for ABCP. Student use of food banks also merits attention. -jlt]

Canadians who have pursued post-secondary studies now owe the federal government $13 billion in outstanding loans, according to new figures from the Canadian Federation of Students.

  he CFS says the $13-billion figure does not include $5 billion students owe to provinces, nor does it include any debt they owe to banks, credit companies and their parents.

The CFS says Canada Student Loan debt increases by $1.2 million per day and will cross the $13 billion mark on Wednesday.

Read the rest here =>
Recommend this Post

Sphere: Related Content