Canadian trainee Loan Consolidation

Student Loans Bc - Canadian trainee Loan Consolidation

As recently as January 21, 2009, Ctv News reported that "Canadians who have pursued post-secondary studies now owe the federal government billion in superior loans, agreeing to new figures from the Canadian Federation of Students.

Student Loans Bc

The Cfs says Canada trainee Loan debt increases by .2 million per day and will cross the billion mark on Wednesday."

Cfs national chairperson Katherine Giroux-Bougard told Ctv that "the government must do more to help stem the growing levels of Canadian trainee debt." She added, "What the priority of the government should be is absolutely to make post-secondary instruction affordable," she said.

Now the scary part is that all we keep focused on is longer finance terms. Here's my uncomplicated thinking: Why doesn't the government offer clubs who hire these debt-laden students, a exact tax break. As part of the hiring process, clubs could assume part or all of the trainee debt. The clubs are after all the ones who gain the most in hiring these extremely educated people. They should play a role in the debt financing as well. We used to fund apprentice programs remember or am I showing my age? Don't riposte that.

It solves many issues. Instead of the government just backing loans and extending cost terms, let's replacement the debt to the clubs who advantage the most, straight through a exact tax break. It will essentially free up government from backing loans, and free the trainee from a rather unrealistic debt. Now I comprehend this just seems too easy, but then again, we absolutely seem to always make it more complex that it has to be.

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