An Act to amend the Canada Student Financial Assistance Act, the Canada Student Loans Act and the Apprentice Loans Act (interest on student loans)

Sponsor

Kevin Vuong  Independent

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

Status

Outside the Order of Precedence (a private member's bill that hasn't yet won the draw that determines which private member's bills can be debated), as of Oct. 26, 2022

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Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Canada Student Financial Assistance ActRoutine Proceedings

October 26th, 2022 / 4:30 p.m.
See context

Independent

Kevin Vuong Independent Spadina—Fort York, ON

moved for leave to introduce Bill C-301, An Act to amend the Canada Student Financial Assistance Act, the Canada Student Loans Act and the Apprentice Loans Act (interest on student loans).

Mr. Speaker, I am pleased to rise today to introduce my private member's bill, which seeks to eliminate interest on Canada student loans and Canada apprentice loans.

This bill will assist Canadian students trying to obtain a post-secondary education and their families with the high cost of education. Especially during high interest rates, high inflation and soaring food costs, removing the interest on these loans will lessen their financial burden and provide students with the opportunity to obtain good-paying jobs in the future.

Anything that reduces financial barriers to education and creates a better taxpayer will reap dividends for our nation. There is no better investment for our country than Canada's youth.

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