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Trudeau talks two-year grace period on student loans while visiting B.C.

Trudeau spoke about the Liberals鈥 plan to 鈥榤ake education more affordable for students鈥
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(Photo: twitter.com/CPAC_TV)

Liberal leader Justin Trudeau stopped at SFU Surrey on Friday to highlight the party鈥檚 education platform ahead of the Oct. 21 federal election.

鈥淚t鈥檚 great to be back in Surrey on the first day of advanced polls to talk about what a re-elected Liberal government will do to help young people get ahead,鈥 Trudeau said to open his talk in Surrey.

Trudeau focused on the Liberals鈥 plan to 鈥渕ake education more affordable for students,鈥 noting that many young people are forced to take loans and get a job to help pay for tuition, textbook, rent and other bills.

A re-elected Liberal government, Trudeau said, would introduce a two-year grace period for the repayment of student loans following graduation.

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鈥淭hat means no payments and no interest when you first enter the job market,鈥 said Trudeau.

After that, Trudeau said a Liberal government would ensure new grads wouldn鈥檛 have to start repaying their loans until they鈥檙e earning at least $35,000 a year and if their income ever falls below this level, their payments would be put on hold.

Trudeau also highlighted the Liberal promise to cut cell phone bills by 25 per cent.

The Liberals promise that if re-elected they would increase Canada Student Grants, reduce interest costs on Canada Student Loans, improve the repayment assistance program, and give 鈥渕ore help鈥 to adult students and people receiving EI, according to campaign literature.

The party also promises to establish a 鈥渕ore generous鈥 Canada Student Grants and more affordable and flexible student loans.

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鈥淲e will give full- and part-time students up to $1,200 more per year, through increased Canada Student Grants,鈥 notes the party鈥檚 platform.

New parents would also be allowed to 鈥減ause鈥 their student loan repayments, interest-free, until their youngest child reached the age of five. New parents who have graduated but haven鈥檛 yet finished paying off their student loans would also be enabled to 鈥渉it pause鈥 until their child turns five.





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