There's also a legal obligation once government debts have been unrecoverable for seven years that we move to write them off as well. The write-off approach is part of all of our collection activities. Where benefits are provided and they're not ultimately recoverable by individuals, an analysis is made of the recoverability after those efforts are made. When they aren't, we are obliged to write those off. We do report those to the Treasury Board and they represent, as a percentage of the total value of the student loan account...Mark, is it about one per cent? Is that right?
On December 1st, 2020. See this statement in context.