Permanently Eliminating Interest on Canada Student Loans

Permanently Eliminating Interest on Canada Student Loans

During the pandemic, we waived interest on CanadaStudent Loans and Canada Apprentice Loans for two years because we knew young people were amongst the hardest hit by job losses. As we look towards the future, we believe that no one should be deterred from pursuing an education because interest costs make it unaffordable.

A re-elected Liberal government will:

• Permanently eliminate the federal interest on Canada Student Loans and Canada Apprentice Loans to support young Canadians who choose to invest in post-secondary education. This will benefit over 1 million student loan borrowers and save an average borrower more than $3,000 over the lifetime of their loan.