Student Debt Relief Act

An Act respecting the development of a national strategy on student loan debt

Sponsor

Don Davies  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Introduced, as of Dec. 13, 2017

Subscribe to a feed (what's a feed?) of speeches and votes in the House related to Bill C-389.

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment provides for the development of a national strategy with the objective of reducing student loan debt.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Student Debt Relief ActRoutine Proceedings

December 13th, 2017 / 3:45 p.m.
See context

NDP

Don Davies NDP Vancouver Kingsway, BC

moved for leave to introduce Bill C-389, an act respecting the development of a national strategy on student loan debt.

Mr. Speaker, I am honoured to rise today to introduce this bill, the student debt relief act, with great thanks to my seconder, the hard-working member for South Okanagan—West Kootenay.

This legislation provides for the development of a national strategy with the objective of reducing student loan debt. Too many Canadian students have been forced to assume a crushing debt load simply to receive an education.

According to the Canadian University Survey Consortium, the average Canadian student will now graduate with over $26,000 in debt. This legislation looks to reduce student loan interest rates to prime rate, introduce incentives to complete a degree, including loan forgiveness, and establish rewards for on-time payments of loans, such as the possibility of interest rate reductions. New Democrats believe every Canadian student, who studies hard, should be able to access a world-class education without going deeply into debt.

Therefore, I call upon all parliamentarians to work together to make debt-free post-secondary education a reality for all students in Canada.

(Motions deemed adopted, bill read the first time and printed)