Eliminating federal interest on student loans could prove costly in other ways
PRINCE GEORGE — The Knock-Out Interest Campaign aims to knock out federal interest on student loans. It’s an initiative by the BC Federation of Students and follows the 2019 elimination of provincial interest on BC student loans. The campaign argues interest is essentially a tax on low- and middle-income students and that other industries offer zero percent interest loan options, so why not for education?
“If students have this interest on their student loans, then they pay more than the students who are going to pay their loans upfront. So, basically, they are paying more for their education than the other students,” argued Sharanjit Kaur, Chairperson for the CNC Student Union.