Student loan program stretched
Posted Sep 7, 2010 7:47 am.
This article is more than 5 years old.
Getting a university or college degree pays off in the long term, but it puts a heavy financial burden on many students and their families.
A new report says the benefits of a post-secondary education for individuals and society far outweigh the costs.
That news comes on the heels of a revelation that Canada’s federal student loan program is hitting its $15-billion ceiling, years ahead of schedule.
Some say Ottawa needs to cap tuition costs and guarantee access to higher learning.
The Globe and Mail reports that out of 32 developed countries, Canada has the second-highest rate of education spending in relation to GDP.
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