Thank you. I'm trying to get an outlook for the next generation, notwithstanding the fact that our aging population has had some good years and of course some other decades that might not have been so good.
I want to take a moment right now and zero in on your legislative costing note on eliminating interest on the Canada student loans program. In it, you have suggested that it will cost $315 million for 2020–21. It showed that in the past five years, ESDC has written off, waived or forgiven more than $2 billion in students loans due to financial distress and what student borrowers are experiencing here throughout COVID. That's on top of the $410 million ESDC has to spend to contract the administration of Canada student loans programs to DH Corporation over the same period of time.
In your opinion, what would be the effect of eliminating student loan interest payments; what effect would it have on borrowers; and could this help potentially offset the losses experienced by the student loan defaults and writeoffs?