Coalition gives the federal government a "D" for its attempt to fix the Canada Student Loans Program



    VANCOUVER, Feb. 26 /CNW/ - The Coalition for Student Loan Fairness gives
the Conservative's attempts to fix the Canada Student Loans Program a grade of
"D."
    The federal budget completely ignores the key issue of reducing sky-high
interest rates on borrowers in repayment. Our interest rates remain amongst
the highest in the G8. In this regard, the feds have ignored a nation-wide
trend to reduce interest on student loans in Newfoundland and Labrador, Nova
Scotia, and soon in Alberta.
    The plan also ignores Canadians' call for a national student loan
Ombudsperson Office - something that a 2007 national wide poll found over 70%
of Canadians support.
    The feds have sought to improve our broken Interest Relief program, and
fix the existing rules governing spousal contributions to student loans - but
cracking down on abusive collection agencies recovering student loans has been
overlooked.
    A total of $123 million will be spent to "modernize" the student loan
system, but the government's plan appears largely vague. Overall, the budget
is a big dissapointment to the thousands of Canadians struggling with massive
student loans.
    The Coalition for Student Loan Fairness represents the needs of Canada's
990,000 student loan borrowers.





For further information:

For further information: Julian Benedict, co-founder, CSLF, (604)
728-2067, www.studentloanfairness.ca

Organization Profile

THE COALITION FOR STUDENT LOAN FAIRNESS

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FEDERAL BUDGET REACTION 2008

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