Mr. Speaker, I wish to make colleagues in the House of Commons aware of a serious situation developing with student loans.
The former Tory government abolished the initial six months of free interest on student loans.
Many Canadian graduates now find themselves without jobs, without money and with student loans of $30,000 or more. How can we ask these young people to pay back their loans right away when they are unemployed?
Jobless graduates have become discouraged, even desperate. I urge my colleagues to support youth employment programs and a fair repayment plan of student loans.