The ever-climbing prices of necessities like rent and groceries is hard on anyone, let alone students. Many Canadians can not afford the high price of post-secondary education upfront, which means they are forced to take out a student loan. Unfortunately, taking out this loan means that these students will pay more for their education than their peers who could afford it upfront.
Canadians with student loans pay an average of $5000 in student loan interest. Remember, that’s on top of the amount of the loan. Many provinces, including British Columbia, have already eliminated these unfair charges from provincial student loans.
The federal government can follow their lead and do the same with federal loans. Join us in asking Prime Minister Trudeau to knock out interest on student loans!