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House Hansard - 122

44th Parl. 1st Sess.
November 1, 2022 10:00AM
Context: House Hansard - 122 - Nov/1/22
Hon. Carla Qualtrough (Minister of Employment, Workforce Development and Disability Inclusion, Lib.)
  • Nov/1/22 2:49:50 p.m.
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Mr. Speaker, I thank the member for Cloverdale—Langley City, my hometown, for his tireless work on behalf of his constituents and all Canadians. We believe that no one should be deterred from pursuing an education because of unaffordable interest costs. That is why, effective today, graduates will not have to start repaying their federal loans until they learn at least $40,000 per year, and maximum payments will also be lowered from 20% to 10% of household income. This will support an estimated 180,000 borrowers each year.
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