(Photo: twitter.com/CPAC_TV)

Federal election

Trudeau talks two-year grace period on student loans while visiting B.C.

Trudeau spoke about the Liberals’ plan to ‘make education more affordable for students’

Liberal leader Justin Trudeau stopped at SFU Surrey on Friday to highlight the party’s education platform ahead of the Oct. 21 federal election.

“It’s great to be back in Surrey on the first day of advanced polls to talk about what a re-elected Liberal government will do to help young people get ahead,” Trudeau said to open his talk in Surrey.

Trudeau focused on the Liberals’ plan to “make education more affordable for students,” noting that many young people are forced to take loans and get a job to help pay for tuition, textbook, rent and other bills.

A re-elected Liberal government, Trudeau said, would introduce a two-year grace period for the repayment of student loans following graduation.

ALSO READ: 57% of British Columbians think voting should be mandatory

“That means no payments and no interest when you first enter the job market,” said Trudeau.

After that, Trudeau said a Liberal government would ensure new grads wouldn’t have to start repaying their loans until they’re earning at least $35,000 a year and if their income ever falls below this level, their payments would be put on hold.

Trudeau also highlighted the Liberal promise to cut cell phone bills by 25 per cent.

The Liberals promise that if re-elected they would increase Canada Student Grants, reduce interest costs on Canada Student Loans, improve the repayment assistance program, and give “more help” to adult students and people receiving EI, according to campaign literature.

The party also promises to establish a “more generous” Canada Student Grants and more affordable and flexible student loans.

ALSO READ: Advance voting in 2019 federal election begins

“We will give full- and part-time students up to $1,200 more per year, through increased Canada Student Grants,” notes the party’s platform.

New parents would also be allowed to “pause” their student loan repayments, interest-free, until their youngest child reached the age of five. New parents who have graduated but haven’t yet finished paying off their student loans would also be enabled to “hit pause” until their child turns five.

    Get local stories you won't find anywhere else right to your inbox.
    Sign up here

    Just Posted

    Fernie real estate market sees effects of COVID-19

    The way Elk Valley realtors work amidst COVID-19 is constantly evolving

    COVID-19 greatly impacts future of seasonal workers

    Faced with job loss and lack of financial support, many overseas workers were forced to return home

    Fernie Rotary supports Days for Girls

    The Rotary club donated $250 towards the Fernie chapter of the international organization

    The importance of staying active during self isolation

    Maintaining an exercise regime is critical to mental health during stressful times

    Elk Valley holds on to hope while pandemic ensues

    Weeks into the COVID-19 crisis, communities in the Elk Valley continue to find ways to spread joy

    COVID-19: Trudeau says 30K ventilators on the way; 3.6M Canadians claim benefits

    Canada has seen more than 17,000 cases and at least 345 deaths due to COVID-19

    Logan Boulet Effect: Green Shirt Day calls on Canadians to become organ donors

    While social distancing, the day also honours the 16 lives lost in the 2018 Humboldt Broncos Crash

    COMMENTARY: Knowing where COVID-19 cases are does not protect you

    Dr. Bonnie Henry explains why B.C. withholds community names

    As Canadians return home amid pandemic, border crossings dip to just 5% of usual traffic

    Non-commercial land crossing dipped by 95%, air travel dropped by 96 per cent, according to the CBSA

    B.C. wide burning restrictions come into effect April 16

    ‘Larger open burns pose an unnecessary risk and could detract from wildfire detection’

    B.C. secures motel, hotel rooms for COVID-19 shelter space

    Community centres, rooms reserved for pandemic self-isolation

    Look at hospitalizations, not recovery stats for COVID-19, B.C. professor says

    Cases in hospital are a definitive count of people who have the novel coronavirus

    B.C. First Nations want to launch fight of Trans Mountain pipeline approval

    Last month, the Supreme Court of Canada decided not to hear five challenges about the pipeline

    Most Read