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.
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