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

Trudeau spoke about the Liberals91Ƶ plan to 91Ƶmake education more affordable for students91Ƶ
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(Photo: twitter.com/CPAC_TV)

Liberal leader Justin Trudeau stopped at SFU Surrey on Friday to highlight the party91Ƶs education platform ahead of the Oct. 21 federal election.

91ƵIt91Ƶs 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,91Ƶ Trudeau said to open his talk in Surrey.

Trudeau focused on the Liberals91Ƶ plan to 91Ƶmake education more affordable for students,91Ƶ 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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91ƵThat means no payments and no interest when you first enter the job market,91Ƶ said Trudeau.

After that, Trudeau said a Liberal government would ensure new grads wouldn91Ƶt have to start repaying their loans until they91Ƶre 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 91Ƶmore help91Ƶ to adult students and people receiving EI, according to campaign literature.

The party also promises to establish a 91Ƶmore generous91Ƶ Canada Student Grants and more affordable and flexible student loans.

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91ƵWe will give full- and part-time students up to $1,200 more per year, through increased Canada Student Grants,91Ƶ notes the party91Ƶs platform.

New parents would also be allowed to 91Ƶpause91Ƶ their student loan repayments, interest-free, until their youngest child reached the age of five. New parents who have graduated but haven91Ƶt yet finished paying off their student loans would also be enabled to 91Ƶhit pause91Ƶ until their child turns five.





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