Finance committee  I don't have that figure right off the top of my head.

Finance committee  Sure.

Finance committee  Yes.

Finance committee  I don't think so. I'd have to double-check that.

Finance committee  The majority of our students choose the floating rate.

Finance committee  Yes.

Finance committee  It would have been, with whatever the prime rate was at that time.

Finance committee  The default rate on student loans has been steady. It's been 9%. Is that what you're referring to?

Finance committee  That's been fairly steady. It has gone down over the last couple of years. Our forecasters at the office of the chief actuary expect the default rate to remain fairly stable over the next number of years.

Finance committee  It wouldn't be the savings to students. The average savings to students over the lifetime of their loans would be $2,000 under the proposed amendments that are currently before order in council, not through this legislative process. The $1.7 billion is the investment.

Finance committee  That applies only to the Canada student loan.

Finance committee  I wouldn't know off the top.

Finance committee  In the grand scheme of the entire portfolio of student financial assistance, I would just like to point out as a point of clarification that the overall operating cost of the Canada student loan program in 2017-18 was $2 billion. The program itself includes a number of componen

Finance committee  I wouldn't be able to give you that assessment right at this moment. When you think about it, we are already asking, through the budget 2019 announcement, for $1.7 billion to cover the cost of reducing the interest rate, as well as the grace period. The bulk of that amount is for

Finance committee  For our floating rate, students are currently charged prime plus 2.5%. For the fixed rate, students are charged prime plus 5%.