Mr. Speaker, the government spent $66 million last year on the National Student Loans Service Centre that offered no service, loses paperwork, and is causing untold headaches. There was $18.5 million paid to collection agencies, including the U.S. firm Resolve, which is paid only for the accounts it recovers. This means the longer they keep graduates in debt the more money they make.
Why does the minister continue to dole out contracts that allow companies to make money by keeping Canadian graduates in debt? When will he amend the contract to help graduates avoid financial problems?