Canada suspends government education loan payments throughout the COVID-19 drama

Canada suspends government education loan payments throughout the COVID-19 drama

“I visited legislation school and having the debt and achieving new care and attention, it’s an anxiety,” A career and you can Employees Development Minister Carla Qualtrough advised CBC.

The latest National Education loan Solution Middle told you the stop into money and you may interest accumulation requires impression Mar. 31 and will past up until Sept. 30. However, Qualtrough did not exclude probability of stretching the payment break.

“This case can be so water we could possibly perhaps not exclude performing one,” she told you. “Since the problem gets to be more complicated and you will grows more severe, you will find never gonna be a point we don’t think extending whatever i launched today.”

The brand new federal NDP’s critic to own assortment and you may introduction and you will youngsters, Lindsay Mathyssen, said she asked the loan break however, expectations government entities eliminates education loan appeal forever. Read more “Canada suspends government education loan payments throughout the COVID-19 drama”