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Can Student Loan Evaluation Report

Printed From: CanadaStudentDebt.ca
Category: What Needs to Change?
Forum Name: Suggestions for Improvements for Student Loan Programs
Forum Description: Make suggestions for rule changes etc
URL: https://www.canadastudentdebt.ca/forum_posts.asp?TID=6956
Printed Date: 28/March/2024 at 9:05pm
Software Version: Web Wiz Forums 12.07 - https://www.webwizforums.com


Topic: Can Student Loan Evaluation Report
Posted By: KJo
Subject: Can Student Loan Evaluation Report
Date Posted: 03/October/2014 at 10:47am
Just thought I would bring this up.  Here is the long awaited Canada Student loan assessment report.  Some pretty interesting stuff. 
http://www.esdc.gc.ca/eng/publications/evaluations/learning/2011/sp_1014_09_11-eng.pdf%20" rel="nofollow - http://www.esdc.gc.ca/eng/publications/evaluations/learning/2011/sp_1014_09_11-eng.pdf



Replies:
Posted By: administrator
Date Posted: 04/October/2014 at 5:28am
It's interesting that for about 3 consecutive years, their consultants have advised them that the term 'grace period' is confusing.

That's what I told them back in 2007.  They still haven't fixed it.  In accounting terminology, 'grace period' means no payments and no interest.  They are confusing people with this term because you are charged interest!

Go figure...I tell them, they dismiss it. Their consultants tell them three years in a row and agree, but do nothing about it.



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