Student Loan Fairness

On Thursday, February 20th, 2014 in Get Involved

Student Loan FairnessStudents who are forced to take out a loan in order to attain a postsecondary education (PSE) will pay considerably more for that education than those who can afford to pay upfront. Due to chronic federal underfunding of core postsecondary education, tuition fees have soared and average student debt that is approaching $25,000.

Canada’s student loan system should be clear, fair, and responsive to student needs and circumstances.  Instead, it is currently a problem for thousands of student borrowers because of mishandled files, rigid and complicated processes, inadequate debt relief measures, abusive collection agencies, and other problems.

Help Elizabeth help our students! Sign below or download this petition, have as many people as possible to sign it, and mail it – postage free – to either her Ottawa or Sidney offices. With as few as 25 signatures, Elizabeth can present your petition to the government in the House of Commons.

Online Petition

155 people have signed this petition. Add your voice to the growing number of Canadians speaking out about this issue.

Your petitioners and resolves the flaws in the system in each the following ways:

  • Create a federal, need‐based grant system for all Canada student loans in every year of study, by rolling in the budget of poorly targeted federal PSE programs and the expiring Millennium Scholarship Foundation,
  • Reduce the federal student loan interest rate,
  • Create a federal Student Loan Ombudsperson to help students navigate the loan system, objectively resolve problems and ensure that students are treated with fairness and respect;
  • Provide better relief during repayment of student loans, including expanding eligibility for disability benefits, interest relief and debt reduction,
  • Create enforceable federal standards on the conduct of government and private student loan collection agents, with the objective of helping students find ways to repay their loan,
  • Amend the “lifetime limit” on loans so that they are not repayable until six months after the completion of full‐time studies, including doctoral programs and medical residency, and
  • Reduce the discriminatory ban on bankruptcy protection for student loans to two years.

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