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
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
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
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)