Absolutely. As I made reference to in my remarks, what we're seeing more and more, particularly with high youth unemployment—at the moment, it's double the general rate of unemployment—is that youth, particularly graduates, are having a harder time finding employment right afterwards, so it makes it difficult to repay that amount. We're also seeing lower levels of youth entrepreneurship. If you graduate with $25,000, $35,000, $40,000 in debt, then taking on an additional debt from a bank loan in order to start a business is often way too much in terms of actually being able to pay that all back.
When we see the rising number of students using the repayment assistance program as part of the Canada student loans program, that means.... This year there are 147,000 people whose interest in being covered by the federal government, which means they aren't able to invest locally in their economy. They aren't able to put money away for economic stability. They aren't able to start families, often, because that requires greater resources.
Actively reducing the debt would alleviate a number of those issues and would provide students an opportunity to reinvest in their local economy, to be creative, and to start their own industries and businesses. It would allow them to be able to plan much further ahead, rather than from week to week and paycheque to paycheque.