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e-1168 (Student loans)

42nd Parliament
Initiated by Casey Lalonde from Sudbury, Ontario, on June 30, 2017, at 9:48 a.m. (EDT)
keywords
Canada Student Loans Program
Grants and loans for students
Interest payments
Government Response Tabled

Petition to the House of Commons

Whereas:
  • Total student debt in Canada is currently over $28 billion;
  • Students with $30,000 of Canada Student Loan debt will pay over $10,000 in interest;
  • Total interest payments from all borrowers charged by Canada Student Loans in 2015-2016 was $580 Million;
  • Debt owed to Canada Student Loans in 2015 was $19 billion
  • Outstanding student loan interest payments reduces the borrowers ability to repay the loan principle sooner;
  • Students graduating with large debt loads are less able to save for retirement or invest their income;
  • The increasingly precarious nature of the labour market means less borrowers will be able to make student loan payments;
We, the undersigned, Citizens of Canada and Canada Student Loan borrowers, call upon the Government of Canada to eliminate the practice of charging interest on all outstanding and future Canada Student Loans.
Saanich—Gulf Islands
Green Party
British Columbia
Petition presented to the House of Commons on December 1, 2017 (Petition No. 421-01927)
Government response tabled on January 29, 2018 (Sessional Paper No. 8545-421-01)
Open for signature : June 30, 2017, at 9:48 a.m. (EDT)
Closed for signature : October 28, 2017, at 9:48 a.m. (EDT)
Province / Territory
Signatures
Alberta
41
British Columbia
187
Manitoba
13
New Brunswick
8
Newfoundland and Labrador
1
Nova Scotia
10
Ontario
290
Prince Edward Island
1
Quebec
11
Saskatchewan
13
Yukon
1
Other Countries
2
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