SoVote

Decentralized Democracy

Kevin Vuong

  • Member of Parliament
  • Member of Parliament
  • Independent
  • Spadina—Fort York
  • Ontario
  • Voting Attendance: 62%
  • Expenses Last Quarter: $144,966.01

  • Government Page
moved for leave to introduce Bill C-301, An Act to amend the Canada Student Financial Assistance Act, the Canada Student Loans Act and the Apprentice Loans Act (interest on student loans). He said: Mr. Speaker, I am pleased to rise today to introduce my private member's bill, which seeks to eliminate interest on Canada student loans and Canada apprentice loans. This bill will assist Canadian students trying to obtain a post-secondary education and their families with the high cost of education. Especially during high interest rates, high inflation and soaring food costs, removing the interest on these loans will lessen their financial burden and provide students with the opportunity to obtain good-paying jobs in the future. Anything that reduces financial barriers to education and creates a better taxpayer will reap dividends for our nation. There is no better investment for our country than Canada's youth.
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  • Feb/17/22 3:12:13 p.m.
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Mr. Speaker, I recently met with representatives from the Undergraduates of Canadian Research-Intensive Universities, which represents over a quarter of a million students from U15 universities that annually conduct $8.5 billion of research and contribute more than $36 billion to our economy. Like most students I meet with in Spadina—Fort York, there is a shared concern: crippling student debt. The average lifetime interest on a Canada student loan is $3,000. Due to the pandemic, the government waived the interest for two years. More must be done. Can the Parliamentary Secretary to the Minister of Employment, Workforce Development and Disability Inclusion inform the House when the government will permanently eliminate interest on Canada student loans?
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