Mr. Speaker, over the past eight years student debt levels have quadrupled indenturing an entire generation of students. Worse still, the Canada student loan program in inaccessible and insufficient to meet their needs.
The amount that can be borrowed has not increased since 1995, yet tuition rates have increased 130% during the same time period. Students who are unable to access enough loan money are forced to take fewer courses per year, delay studies and worse still, drop out.
When will the government address the funding crisis created by an insufficient Canada student loans program?