First, the student grant is one mechanism. When a higher portion of what is provided is a grant, you don't put the financial pressure on the student in terms of what they have to pay back.
The flexibility mechanisms we put in place—no payment until you hit the $25,000 income threshold—have helped by not putting pressure on individuals who may have a bridge period. Also, the flexibilities in how we allow them to repay have meant that people who would otherwise have gone into default and we wouldn't have been able to collect from, we are ultimately able to collect from.
However, we agree that there is also a collection side of this, in terms of ensuring we are being responsible with tax dollars. It's the mix of those things that we're hoping will keep the downward trend moving. At the rate we're going, si la tendance se maintient, we would be at 0% in nine years. I'm sure that won't happen, but it has been a steady 1% decline on this three-year default rate over a decade.