At page 3 of your document, you mention that the total amount of student loans owing to the federal government is more than $13.5 billion. At page 4, in the first column, you ask that each dollar currently loaned by the federal government—the total being $13.5 billion—should be converted to a non-repayable grant. Then, speaking of the Canada Revenue Agency, you state that there is $1.8 billion in foregone tax revenue resulting from the education tax credits, to which should be added close to $800 million spent on the CESG and RRSPs, for a total of $2.6 billion. Let us make it $3 billion today. So, if we add $3 billion to $13 billion, we get a grand total of $16 billion, which is quite a significant amount, is it not?
On October 20th, 2010. See this statement in context.