The Canadian Press - ONLINE EDITION

Liberal leadership hopeful Garneau proposes to ease student debt burden

  • Print

OTTAWA - Liberal leadership hopeful Marc Garneau is proposing to make it easier for students to shoulder record debt loads after they graduate.

The Montreal MP would do away with the current requirement that post-secondary students begin paying off their student loans six months after graduation, whether or not they've found a job.

He would give them an indefinite grace period, requiring graduates to start repaying loans only after they've found a good-paying job of about $40,000 per year.

Garneau, who is touting himself as the most substantive of nine leadership contenders, is to unveil his latest policy proposal Monday.

An engineer and former astronaut with impressive academic credentials, he has made building a more diversified "knowledge economy" one of the cornerstones of his campaign.

He maintains that giving young people more opportunity to succeed is key to Canada's future economic competitiveness.

His campaign says the latest proposal is aimed at alleviating the "double whammy" facing young Canadians, who often find it hard to find a good job after graduating with staggering debts that they must begin paying off almost immediately.

At 15 per cent, the rate of youth unemployment is almost double the national average.

Garneau has already proposed eliminating payroll taxes for employers who hire young workers.

Since education is a provincial jurisdiction, Garneau would allow provinces to opt out of his proposal to extend the grace period for repaying student loans.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

In the Key of Bart: Can’t It Be Nice This Time?

View more like this

Photo Store Gallery

  • The sun peers through the fog to illuminate a tree covered in hoar frost near Headingley, Manitoba Thursday- Standup photo- February 02, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • Challenges of Life- Goose Goslings jump over railway tracks to catch up to their parents at the Canadian Pacific Railway terminalon Keewatin St in Winnipeg Thursday morning. The young goslings seem to normally hatch in the truck yard a few weeks before others in town- Standup photo- ( Day 4 of Bryksa’s 30 day goose project) - Apr 30, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What are you most looking forward to this Easter weekend?

View Results

View Related Story

Ads by Google