Mr. Speaker, during fiscal year 2003-2004, the Canada student loan portfolio consisted of 250,000 accounts, of which we received 349 requests for compromise settlement. Of these, we settled only 51 accounts for the following reasons: hardship; statute-barred; medical reasons; and balance remaining following receipt of proceeds from deceased client’s estate.
In the House of Commons on March 9th, 2005. See this statement in context.