Student debt troubles persist

Recent changes to the federal government’s student loan policy has raised the ire of a national organization representing university students.

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On May 28, the government made a $5 billion amendment to Canada Student Financial Assistance regulations, raising the lending cap from $19 billion to $24 billion.

The Canadian Federation of Students says the move ignores “the single root cause of the mounting crisis of personal debt held by a growing number of young Canadians—tuition fees that have risen by 41% in the last 10 years.”

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.